At least $750 million (Sh96.7 billion) in World Bank funding to Kenya remains frozen as the country works to meet eleven policy and legislative conditions required for the release of the loan, with the National Treasury now pushing to secure early disbursement ahead of the March 2026 timeline indicated by the Washington-based development lender. The […]
The Bank of England has delivered a pre-Christmas boost to the struggling UK economy by cutting interest rates to 3.75%, but a deeply divided vote among its nine-member monetary policy committee (MPC) signals lingering concerns about persistent inflation and the uncertain path ahead for monetary policy. The quarter-point reduction from 4% to 3.75%, approved by […]
The United States International Development Finance Corporation has finalized a $553 million loan with the Lobito Atlantic Railway consortium for the refurbishment of Angola’s strategic rail line, marking a watershed moment in Washington’s efforts to secure access to critical minerals while countering China’s deepening economic presence across Africa. The loan agreement, signed at a ceremony […]
Kenya’s water service providers are grappling with a massive debt crisis as billions of shillings in loans remain largely unpaid, prompting the National Treasury to explore ways to restructure the obligations. The arrears have left taxpayers exposed to financial losses, while repayment of both domestic and foreign loans has stalled, creating what has become one […]
Vice Chairman of the Standing Committee of the National People’s Congress of the People’s Republic of China, Wang Dongming, has pledged China’s full support to the Government of Sri Lanka’s comprehensive efforts to rebuild lives and overcome the devastating challenges posed by Cyclone Ditwah, expressing confidence that the island nation will recover rapidly under the […]
Mastercard has grown its acceptance network across Africa by 45 percent in 2025 – a major milestone that brings millions more consumers and small businesses into the continent’s fast-expanding digital economy. This accelerated progress underscores the strong advancement of digital payments, technology, and innovation in Africa—a transformation that traditionally would have taken several years to […]
Global investment banking firm Treadway is stepping up efforts to channel Chinese capital into African markets, targeting large-scale investments to support industrialization, energy and infrastructure development across a continent experiencing unprecedented demand for electricity and facing critical power shortages that constrain economic growth and job creation opportunities for rapidly expanding youth populations. The Hong Kong-based […]
Japan’s exports rose for a third straight month in November, government data showed on Wednesday, as shipments to the United States rebounded for the first time in eight months, bolstering the case for the central bank to continue raising interest rates in response to improving economic conditions and resilient external demand despite ongoing trade tensions […]
Nigeria’s National Bureau of Statistics (NBS) has announced that the country’s headline inflation rate eased in November 2025 to 14.45 percent, marking a significant milestone in the government’s economic management strategy and representing the mildest inflation reading since October 2020 while falling below President Bola Tinubu’s ambitious target of reducing inflation to 15 percent by […]
The Kenyan government has finalized a landmark KSh 40.4 billion ($311 million) Public-Private Partnership agreement to strengthen the nation’s electricity transmission network, marking a strategic pivot after President William Ruto cancelled controversial deals with India’s Adani Group in November 2024 due to corruption concerns and intense public backlash. The deal, signed on Monday, December 15, […]
At least $750 million (Sh96.7 billion) in World Bank funding to Kenya remains frozen as the country works to meet...
The Bank of England has delivered a pre-Christmas boost to the struggling UK economy by cutting interest rates to 3.75%,...
The United States International Development Finance Corporation has finalized a $553 million loan with the Lobito Atlantic Railway consortium for...
The Kenyan government has issued an urgent call for applications under the World Bank-funded Kenya Jobs and Economic Transformation (KJET)...
