President William Ruto has signed into law the National Infrastructure Fund (NIF) Bill, 2026, formally launching what his administration describes as the most consequential shift in how Kenya will finance its development ambitions in the post-independence era. The signing ceremony, held at State House in Nairobi on Monday, was attended by senior government officials including […]
Wall Street’s biggest banks are sounding the alarm: if oil prices remain elevated following the widening U.S.-Israeli military campaign against Iran, the consequences for U.S. corporate earnings could be far more severe than markets are currently pricing in. Goldman Sachs, in a note published Friday, placed sustained oil disruption at the top of its risk […]
Ghana is pressing ahead with one of the most ambitious overhauls of its gold royalty framework in decades, refusing to bow to an unprecedented coalition of foreign governments and global mining executives who have urged Accra to stand down. The new sliding-scale royalty regime, set to take effect on Tuesday, places Ghana at the centre […]
Kenya’s National Assembly Budget and Appropriations Committee has proposed a Sh2.878 trillion national government spending ceiling for the 2026/27 financial year, setting the stage for a significant parliamentary debate over the country’s fiscal direction as the government attempts to balance growth investment against a mounting debt burden and persistent structural challenges. The figure was tabled […]
The American jobs market delivered a jarring shock in February, as the economy shed 92,000 nonfarm payroll jobs — a result that blindsided analysts, rattled financial markets, and revived deep anxieties about whether the United States is drifting toward a more serious economic downturn. The unemployment rate rose to 4.4%, up from 4.3% in January, […]
A landmark report from the United Nations Economic Commission for Africa is set to reframe how the continent thinks about growth, industrialisation, and the digital economy. The forthcoming Economic Report on Africa 2026 (ERA 2026), titled “Growth through Innovation: Harnessing Data and Frontier Technologies for Africa’s Economic Transformation,” makes a pointed argument: Africa cannot continue […]
Kenya’s National Treasury has tabled the most ambitious spending plan in the country’s history, proposing a Ksh 4.7 trillion budget for the financial year 2026/27 and projecting economic growth of 5.3% — up from 4.7% in 2024 — as the government bets on a multi-sector recovery to lift East Africa’s largest economy to a higher […]
Israel’s Finance Ministry has warned that the escalating air war with Iran threatens to inflict weekly economic damage of more than 9 billion shekels — roughly $2.93 billion — on an economy that had only just started to regain its footing after two gruelling years of conflict in Gaza. The assessment, contained in a letter […]
South Africa is pushing to secure a domestic licence to manufacture lenacapavir, Gilead Sciences’ revolutionary twice-yearly HIV prevention injection, marking a potentially historic shift in how the continent produces and accesses the medicines it most urgently needs. The move, announced on March 5, 2026, places Africa’s most HIV-burdened nation at the front of a global […]
Kenya’s government has raised Ksh.112.374 billion from the Initial Public Offering (IPO) of Kenya Pipeline Company (KPC), after the share sale drew strong demand from investors across the East African region and was oversubscribed by 105.7 percent. The milestone, announced by Treasury Cabinet Secretary John Mbadi on Wednesday, March 4, 2026, marks the most significant […]
Malaysia is stepping up its climate and sustainability ambitions with a bold financial strategy designed to channel billions of ringgit...
Several Chinese automakers including BYD, Forthing, Changan and GAC took center stage at Cambodia’s largest annual auto show, which opened...
Tunisia’s Ministry of Industry, Energy and Mines has launched a tender for the development of a 300 megawatt (MW) solar...
The London Stock Exchange Group (LSEG) has unveiled a new suite of sustainability ratings, ESG scores and analytics designed to...
