Kenya’s foreign direct investment (FDI) faced a significant downturn in 2023. Excluding investments from East African Community members, FDI dropped to $374.6 million from $710.21 million the previous year. This 47.2% decline coincided with a 43% decrease in foreign-implemented projects, from 209 to 146. Economic challenges fueled this decline. A depreciating currency, high interest rates, […]
Related Posts
Brazil restricts access to arms and ammunition for civilians
Brazilian President Luiz Inácio Lula da Silva has enacted a decree to revise civilian access to firearms and ammunition, modifying the more lenient policies of his predecessor, Jair Bolsonaro. The intention is to control the amount of weaponry and ammunition accessible to civilians and limit the procurement of firearms by hunters, shooters, and collectors. The […]
Election uncertainty and Yasuní oil reserves affect Ecuador’s credit outlook
As indicated by the country’s Ministry of Economy and Finance, the upcoming election uncertainty regarding the Yasuní National Park’s oil reserves and the future economic policy influence Ecuador’s credit rating. Recent reports from credit rating agencies Fitch and Standard & Poor’s highlight the country’s political uncertainty due to upcoming elections as a notable risk. Ecuadorians […]
Massachusetts Democrat calls for legislation to keep artificial intelligence away from nuclear button
A Massachusetts Democrat is calling on the U.S. to pass legislation that would keep artificial intelligence away from nuclear power. On Thursday, Sen. Edward Markey said, “78 years ago this weekend, Robert Oppenheimer witnessed the world’s first nuclear weapons explosion. In 2023, we face a new kind of nuclear threat: the militarization of increasingly powerful […]