Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75% from 11.25%, in a bid to stimulate economic growth amid slowing expansion. The decision, announced by CBK Governor Kamau Thugge in an official statement on Wednesday, marks the lowest interest rate in nearly two years. […]
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European Union (EU). After imposing tariffs on China and threatening increased levies on Canada and Mexico, Trump has now declared that punitive tariffs on the 27-member bloc are “definitely happening” and will be implemented “pretty soon.” […]
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to 1.8%, citing improvements in energy supply and logistics infrastructure as key drivers. The latest South Africa Economic Update report, released on Tuesday, attributes these gains to structural reforms initiated by the government. Additionally, the World […]
A new report from the Kenya National Chamber of Commerce and Industry (KNCCI) paints a stark picture of Kenya’s job market, revealing that over 60% of businesses plan to freeze hiring in 2025. This projection is a sharp contrast to the relatively optimistic employment forecasts seen in the second half of 2024, signaling that the […]
In the interconnected global economy, trade between major economic players can be a source of tension, especially when tariffs and trade disputes threaten the status quo. Recent developments in U.S. trade relations with its neighbors, Canada and Mexico, along with the ongoing complexities of its trade relationship with China, highlight the delicate balance that underpins […]
In a significant move aimed at addressing long-standing pension arrears, Nigeria’s Federal Executive Council (FEC) has approved the issuance of a Federal Government bond worth N758 billion (approximately $509.3 million). This decision, which was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, marks a crucial step toward clearing the […]
In a recent revelation, National Treasury Cabinet Secretary John Mbadi disclosed that nearly half of the verified pending bills in Kenya are not authentic, casting doubt on the legitimacy of compensation claims submitted by suppliers. As of June 2022, the National Treasury reported that pending bills claims totaled Ksh663 billion, prompting the Cabinet to establish […]
In a dramatic escalation of trade tensions, China has retaliated against the United States’ latest tariff measures, imposing its own set of levies on American goods. This move intensifies the long-standing economic rivalry between the world’s two largest economies and raises concerns over the stability of global markets. U.S. Tariffs Take Effect At precisely 12:01 […]
In a significant economic development, Egypt’s non-oil private sector expanded in January 2025, marking its first growth since August and achieving its best performance in over four years. This positive trend is highlighted by S&P Global’s Purchasing Managers’ Index (PMI), which rose to 50.7 in January from 48.1 in December. A PMI reading above 50.0 […]
Kenya, like many countries around the world, is grappling with a growing unemployment crisis, with rising inflation and economic conditions further exacerbating the situation. The scarcity of job opportunities has left many young people feeling increasingly frustrated and hopeless. Despite their determination to succeed, thousands of Kenyan youth continue to face overwhelming challenges in finding […]
Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75%...
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European...
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to...
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the...