Substantial Interest Rate Reduction Expected The proposed currency conversion could deliver significant financial relief to Kenya’s strained public finances. Treasury Cabinet Secretary John Mbadi revealed that converting the loan from US dollars to Chinese yuan could reduce interest rates from 6.37 percent to approximately 3 percent, representing a dramatic halving of debt servicing costs. “The […]
Pakistan and China have pledged to significantly expand economic cooperation and investment under the China-Pakistan Economic Corridor (CPEC), marking what officials describe as a pivotal moment in the flagship program of China’s Belt and Road Initiative. The announcement came during high-level talks between Chinese Foreign Minister Wang Yi and his Pakistani counterpart, Deputy Prime Minister […]
In a significant development highlighting Japan’s expanding interest in Africa’s emerging technology landscape, specialist venture capital firm Uncovered Fund has formed a strategic alliance with corporate investment arm Monex Ventures to establish a ¥3 billion (approximately $20 million) investment vehicle targeting early-stage enterprises across Africa and the Middle East North Africa (MENA) region. The newly […]
Executive Summary Kenya’s economic growth this year is expected to exceed official forecasts despite higher U.S. tariffs and other challenges, President William Ruto announced at the Tokyo International Conference on African Development (TICAD) in Yokohama, where Kenya and Japan also signed a strategically significant yen-denominated loan agreement. The East African nation’s economy is forecast to […]
Executive Summary Japan’s Prime Minister Shigeru Ishiba on Wednesday proposed an ambitious economic zone connecting the Indian Ocean to Africa as the country seeks to play a greater role in the African continent while America’s presence there decreases and China’s influence rapidly grows. Speaking at the opening of the Tokyo International Conference on African Development […]
Executive Summary President Bola Tinubu has permanently abolished the controversial 5% excise duty on telecommunications services, representing a significant policy reversal aimed at reducing the financial burden on Nigerians and boosting growth in the country’s digital economy. The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, announced the decision during a media briefing […]
Kenya has stepped up efforts to strengthen its trade and investment relations with the United States, as a high-level delegation from the Ministry of Investments, Trade and Industry commenced a three-day working tour in Washington D.C. The delegation is led by Cabinet Secretary Lee Kinyanjui and Principal Secretary for Trade Regina Ombam, with the mission […]
As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates, investors are weighing the risk of “fiscal dominance,” a scenario where keeping government financing cheap eclipses the fight against inflation. A budget bill passed last month by the Republican-controlled Congress is set to pile trillions onto the swelling […]
Uganda has officially entered the global gold mining arena with the opening of its first large-scale gold mine, marking a transformative moment for the nation’s resource sector. The Wagagai Gold mining project in eastern Uganda represents a pivotal transition from small-scale artisanal operations to industrial-scale production, positioning the country as an emerging player in the […]
The cooperation between Kenya and the United Arab Emirates has reached unprecedented heights with the signing of the landmark Comprehensive Economic Partnership Agreement (CEPA) in January 2025, setting the stage for the highly anticipated visit of UAE ruler Sheikh Mohammed bin Zayed Al Nahyan scheduled before December 2025. This transformative partnership has already propelled bilateral […]
Substantial Interest Rate Reduction Expected The proposed currency conversion could deliver significant financial relief to Kenya's strained public finances. Treasury...
Pakistan and China have pledged to significantly expand economic cooperation and investment under the China-Pakistan Economic Corridor (CPEC), marking what...
In a significant development highlighting Japan's expanding interest in Africa's emerging technology landscape, specialist venture capital firm Uncovered Fund has...
Executive Summary Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural...
