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 […]
In a notable display of political unity, 120 members of Nigeria’s National Assembly have come out in strong support of President Bola Tinubu’s sweeping reforms in the country’s oil and gas sector. This collective endorsement from the House of Representatives signifies a pivotal moment for Nigeria’s energy industry, as the lawmakers are urging the Nigerian […]
In a significant move aimed at addressing Kenya’s economic challenges, President William Ruto has officially signed the Supplementary Appropriations Act. This new piece of legislation marks a crucial step in the government’s effort to implement austerity measures, reflecting a broader strategy to tackle the country’s budgetary constraints and economic issues. Background: The Need for Austerity […]
As global stock markets reel from a sharp sell-off, there’s growing pressure on the US Federal Reserve to lower interest rates more aggressively. With some analysts calling for an emergency rate cut before the Fed’s scheduled meeting in September, the situation is rapidly evolving. Just a week ago, futures markets were anticipating a modest quarter […]
In recent weeks, Nigeria has been hit hard by a widespread petrol shortage that has left many motorists waiting in long queues and facing skyrocketing fuel prices. As frustrations mount, independent marketers are now calling on President Bola Tinubu to take decisive action against what they describe as unfair practices by the Nigerian National Petroleum […]
The East African Community (EAC) is on the verge of a significant transformation as member states near the final stages of reviewing fees, levies, and charges on essential goods and services in the transport and agriculture sectors. This initiative aims to boost intra-regional trade, which has often been hindered by these costs, sparking trade wars […]
In a move that has sparked cautious optimism, the Bank of England (BoE) cut its benchmark interest rate to 5.0% on Thursday, down from a 16-year high of 5.25%. This marks the first rate cut in over four years and offers some relief to households and businesses still reeling from the inflationary shocks caused by […]
In a significant move to support Ethiopia’s economic recovery, the World Bank has approved $1.5 billion in financing for the country. This includes a $1 billion grant and a $500 million low-interest credit line, marking the first-ever direct budgetary support facility provided to Ethiopia by the global lender. This financial package is part of a […]
Kenya's external financial position deteriorated sharply in the third quarter of 2025, with the current account deficit expanding more than...
The United States trade deficit collapsed to its lowest level in more than 16 years during October 2025, delivering a...
Zimbabwe's tourism sector, still basking in the glow of being named the world's best country to visit in 2025 by...
The Nairobi Securities Exchange has opened 2026 with exceptional momentum, pushing total market capitalization to approximately KSh 3 trillion for...
