The Kenyan government is taking significant steps to acknowledge and enhance the role of village elders in governance and community development. A new policy framework has been proposed, aiming to provide a monthly allowance of up to Sh7,000 for village elders across the country. This initiative is seen as a crucial move to formalize and […]
In a decision that was widely anticipated by market observers, the Reserve Bank of India (RBI) held its key interest rate steady at 6.50% on Thursday, marking the ninth consecutive policy meeting without a change. The Monetary Policy Committee (MPC), consisting of three RBI officials and three external members, voted to maintain the repo rate, […]
The Lagos State Government is on the cusp of revolutionizing its revenue collection process with the imminent launch of the Lagos Revenue Portal (LRP), a robust digital platform designed to streamline tax and non-tax payments for residents and businesses alike. This move is poised to significantly enhance compliance, promote transparency, and drive efficient service delivery, […]
In a strategic move aimed at bolstering the growth of Small and Medium Enterprises (SMEs) in Kenya, the East African Development Bank (EADB) has announced a significant partnership with four key financial institutions. These institutions—Sidian Bank, HF Bank, Development Bank of Kenya (DBK), and Kenya Women’s Finance Trust Microfinance Bank (KWFT)—are set to channel Sh892 […]
In a widely anticipated move, the Reserve Bank of India (RBI) opted to keep its key interest rate unchanged on Thursday, signaling a continued focus on bringing inflation down despite the prevailing global market volatility that has other major central banks considering easing their policies. The Monetary Policy Committee (MPC) maintained the repo rate at […]
In a decisive move aimed at bolstering the Nigerian economy and stabilizing its currency, the Central Bank of Nigeria (CBN) has injected $876 million into the foreign exchange (forex) market. This latest intervention is part of the apex bank’s broader strategy to enhance market liquidity, promote transparency, and ensure that all legitimate foreign exchange demands […]
Kenya’s economy is navigating through uncertain global waters, but the Central Bank of Kenya (CBK) remains cautiously optimistic. Recently, the CBK adjusted its economic growth forecast for the country, slightly lowering it from 5.7 percent to 5.5 percent. This revision, though modest, highlights the dynamic challenges and necessary adjustments within Kenya’s economic landscape. Governor Dr. […]
Bangladesh is navigating through an unprecedented and tumultuous period as ongoing protests have thrown the nation into significant economic and political upheaval. The student protests that erupted on July 1st have dramatically changed the country’s landscape, resulting in Prime Minister Sheikh Hasina fleeing to New Delhi under the cover of darkness. The domestic economy has […]
In a bid to stabilize Ethiopia’s turbulent foreign exchange market, the National Bank of Ethiopia (NBE) held a special auction to sell U.S. dollars to commercial banks. This move is part of a larger effort to close the gap between the official exchange rate and the rates in the parallel market. The auction saw the […]
In a development that has stirred both excitement and speculation in financial circles, Kenya’s central bank has made a surprising move by cutting its benchmark interest rate for the first time in over four years. The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) announced on August 6, 2024, that it has […]
Kenya's agriculture sector recorded its slowest growth rate in over two years during the third quarter of 2025, expanding by...
India's economic trajectory continues to demonstrate resilience and momentum, with the National Statistics Office projecting that the country's economy will...
The United States has significantly expanded its controversial visa bond program, adding Uganda, Nigeria, and 23 other nations to a...
A longstanding commercial dispute has emerged as a potential obstacle to one of East Africa's largest corporate transactions, as Kenyan...
