Newsweek
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Employers added 150,000 jobs in October, much lower than the previous month, new data from the Bureau of Labor Statistics shows.
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Omar Mohammed’s Journalist Portfolio
View as a gridWill mortgage rates come down in 2024? Updated housing market predictions
Newsweek
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The Federal Reserve kept rates at their current level and indicated that they were still worried about inflation, with implications for the housing market.
Americans are burning through their extra income
Newsweek
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The U.S. economy is still growing, driven by robust consumer spending, in an environment of high prices and elevated borrowing costs.
Kevin McCarthy being ousted raises fears of shutdown
Newsweek
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The uncertainty in Washington following House Speaker Kevin McCarthy's removal raises the specter of a looming government shutdown in November.
Government shutdown throws more uncertainty into Americans' lives
Newsweek
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A government shutdown may pinch the pocketbook of Americans and damage the U.S. place in the world.
'The NBA has come to us': inside basketball's $1bn play for Africa
The Guardian
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The Basketball Africa League, a joint project between the NBA and Fiba, hopes to tap into a market with a huge, tech-savvy and youthful population. Will it take hold?
Airtel Africa to focus on current markets, will not bid for licences in Ethiopia - CEO
Reuters
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Airtel Africa will focus on growing in the markets where it already operates on the continent and will not bid for licences in Ethiopia, where the nation of 110 million people is opening up its telecoms sector, the company's CEO said on Friday.
Resurrected Uganda Airlines flies into crowded African skies
Reuters
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Uganda Airlines has taken to the skies once more after almost two decades out of action, but flies into a crowded aviation market in Africa where carriers have the weakest finances and emptiest planes of any region in the world.
Renationalisation unlikely to fly Kenya Airways back to profit
Reuters
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NAIROBI (Reuters) - By taking back full control of Kenya Airways, lawmakers are banking on Kenya's ability to replicate the profitable example of Ethiopia's state-owned flag carrier Ethiopian Airlines.
Lenders and travellers stick with Ethiopian Airlines, for now
Reuters
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NAIROBI (Reuters) - Financiers, passengers and industry partners are, for now, still backing Ethiopian Airlines' quest to become Africa's dominant carrier, despite a March 10 crash that killed 157 people. The causes of the Flight 302 tragedy will likely take months to establish. While much of the international focus has been on U.S.
Ethiopian Airlines steps up hunt for African connections
Reuters
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NAIROBI/ADDIS ABABA (Reuters) - Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.
In Tanzania, a bulldozer president tests donors
Reuters
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NAIROBI (Reuters) - The soldiers started fanning out in the cashew nut growing regions of southern Tanzania - a jolting sight for traders and, campaigners say, a watershed moment for a country once held up as a darling of development groups.
Special Report: Slamming the door - How Trump transformed U.S....
Reuters
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WASHINGTON/KAKUMA, KENYA (Reuters) - On Jan. 19, 2017, Aden Hassan's long wait to start a new life ended when he stepped off a plane in Columbus, Ohio, half a world away from the Kenyan refugee camp where he had lived for a decade.
Uber rival Taxify bets on motorcycles and rickshaws in East Africa
Reuters
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NAIROBI (Reuters) - Taxify, an Estonian ride-hailing company aiming to take on Uber in emerging markets, will invest millions of euros in East Africa in the next five years with a strategy focused on motorised rickshaws and motorcycles, it said on Thursday.
Isuzu finds used car habit curbs East African industry growth
Reuters
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NAIROBI, Aug 1 (Reuters) - Secondhand Asian imports are the biggest challenge to the growth of car manufacturing in East Africa, an executive at Japan's Isuzu, which is trying to tap into its emerging middle class, said on Wednesday.
Kenyan bank KCB could seek partner in Ethiopia as country opens up
Reuters
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NAIROBI (Reuters) - KCB Group, Kenya's biggest bank by assets, will look at partnering with a local bank in Ethiopia, where a potential liberalization of foreign investment rules could open up a market of 100 million people.
Kenya moves to regulate fintech-fuelled lending craze
Reuters
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Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account.
Vodacom Tanzania bets on data and mobile money to stay on top
Reuters
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NAIROBI (Reuters) - Vodacom Tanzania is focusing on growing its data business, mobile payments system and cloud services to stay on top of the East African nation's competitive telecoms market.
In Africa, costly data slows internet TV's growth: Naspers' Showmax
Reuters
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NAIROBI, April 9 (Reuters) - Global entertainment group Naspers is trying to persuade telecoms operators in Africa to offer customers unlimited data to help boost the growth of internet television on the continent.
Opposition Fortunes Wane as Tanzania President Rules Supreme
Bloomberg News
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Two years into his rule, Tanzanian President John Magufuli has some unexpected new fans: his political opponents.
Barrick-Brokered Tanzania Pact Leaves Acacia in the Dark
Bloomberg News
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Acacia Mining Plc 's tumultuous year doesn't seem likely to ease up any time soon. The gold miner's shares surged as much as 41 percent Thursday, after controlling shareholder Barrick Gold Corp. said it moved closer to resolving a crippling dispute with Tanzanian authorities.
Barrick Strikes $300 Million Deal With Tanzania in Acacia Fight
Bloomberg News
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It took a day, but Barrick Gold Corp. 's tentative deal with Tanzania's government to end a tax dispute at its African subsidiary is becoming clearer.
Brawls, Autocratic Moves Threaten East African Democracy
Bloomberg News
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Ugandan lawmakers brawl over a bill that could create a president-for-life. Tanzania arrests lawmakers and shutters newspapers. And as Kenya tries to rerun a botched election, a ruling party leader says what the country really needs is a benevolent dictator.
The World's Biggest Tax Bill Is Just the Latest Blow for Gold Miner
Bloomberg
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Acacia Mining handed a $190 billion tax levy, fine from Tanzania. The Figure is four times the nation’s GDP and 70 times the fine Google got from the EU.