Development
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ATIDI Profit Jumps 20% as Ruto Backs Finance Reforms
The African Trade and Investment Development Insurance (ATIDI) reported a 20% increase in profit for 2025 as African leaders renewed calls for stronger continental financial institutions to drive development and reduce dependence on external financing. Speaking during ATIDI’s 26th Annual General Meeting in Nairobi, President William Ruto urged African countries to strengthen homegrown financial institutions…
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Kenya Approves Sh895.5 bn South Lokichar Oil Plan, First Oil Set for 2026
The government of Kenya approved the South Lokichar Basin Field Development Plan (FDP), the first petroleum project in the country to advance from exploration to full development and commercial production. President William Ruto, who signed instruments for the plan’s submission to Parliament for ratification, termed the approval a historic moment that signals Kenya’s shift toward…
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