The Kenya Revenue Authority has announced an 8 percent market interest rate for fringe benefits and low-interest employee loans for the first quarter of 2026, providing crucial guidance for employers navigating the complex landscape of calculating taxable benefits while maintaining compliance with Kenya’s taxation framework. In a directive issued on Thursday, January 22, the tax […]
Turkey’s Central Bank of the Republic of Türkiye delivered a more cautious than expected 100 basis point reduction in its benchmark interest rate on Thursday, lowering the one-week repo rate to 37% in its first policy meeting of 2026 and marking the fifth consecutive easing move since the bank resumed its rate-cutting cycle last summer. […]
The European Union has positioned Nigeria and other African countries as major beneficiaries of its 2026 humanitarian response, allocating €557 million from an initial €1.9 billion aid budget announced by the European Commission, even as global humanitarian funding contracts and an estimated 239 million people worldwide require emergency assistance. The announcement, unveiled on Wednesday, places […]
Kenya launched the sale of a 65 percent stake in state-owned Kenya Pipeline Company on January 19, 2026, seeking to raise 106.3 billion shillings ($825 million) in what represents East Africa’s biggest initial public offering in local-currency terms and a watershed moment for President William Ruto’s ambitious privatization agenda. The landmark transaction comes as Kenya […]
US Treasury Secretary Scott Bessent has identified Taiwan’s overwhelming dominance in advanced semiconductor manufacturing as the gravest single threat to the global economy, warning that any disruption to the island’s production capabilities would trigger catastrophic consequences that could destabilize international commerce and national security across the developed world. Speaking at the World Economic Forum in […]
Ethiopia has qualified for the disbursement of $261 million in financing from the International Monetary Fund following the successful completion of the fourth review of its macroeconomic performance under a four-year $3.4 billion Extended Credit Facility approved in July 2024. The latest tranche brings total IMF disbursements to Ethiopia to approximately $2.18 billion, representing a […]
Kenya has achieved a significant diplomatic and economic victory with China, securing a preliminary agreement that grants 98.2% of its exports duty-free access to the world’s second-largest economy. The breakthrough, announced on January 15, 2026, represents one of the most consequential trade engagements in Kenya’s recent history and signals a potential turning point in the […]
President Donald Trump is expected to meet with global business leaders during a high-stakes visit to Davos on Wednesday, as his controversial demands regarding Greenland and accompanying tariff threats cast a shadow over the World Economic Forum’s annual gathering in the Swiss Alps. Business leaders from financial services, cryptocurrency, and consulting sectors have been invited […]
Egypt has secured crucial development financing from the African Development Bank (AfDB) as the country accelerates its economic reform trajectory. On January 19, 2026, Egypt and the AfDB formalized a $170 million agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP), marking a significant milestone in the nation’s […]
Kenyan startups raised close to US$1 billion in funding in 2025, achieving the largest amount raised by any African market since 2022 and solidifying the East African nation’s position as the continent’s undisputed startup capital. The milestone was driven overwhelmingly by debt financing flowing into energy and asset-heavy companies, marking a fundamental shift in how […]
The Kenya Revenue Authority has announced an 8 percent market interest rate for fringe benefits and low-interest employee loans for...
Turkey's Central Bank of the Republic of Türkiye delivered a more cautious than expected 100 basis point reduction in its...
The European Union has positioned Nigeria and other African countries as major beneficiaries of its 2026 humanitarian response, allocating €557...
In a significant boost to Kenya's climate finance infrastructure, the World Bank has committed approximately Sh5.5 billion ($43 million) to...
