USAid has launched the ‘Safe Milk Kenya’ project in partnership with BioFood Products Limited, aiming to improve the quality and safety of Kenya’s dairy products. This initiative is part of USAid’s broader efforts to strengthen agricultural practices and promote economic growth in the region. Robert Kilonzo, USAid’s project management specialist for Kenya and East Africa, […]
India’s digital currency, the e-rupee, has seen a significant drop in usage following an initial peak, reflecting the broader challenges faced by many countries in gaining public support for digital currencies. The Reserve Bank of India (RBI) launched the e-rupee pilot in December 2022, aiming to establish it as a digital alternative to physical cash. […]
The Coalition of Civil Society Organisations has expressed strong support for the Central Bank of Nigeria’s (CBN) proposed recapitalization of commercial banks, viewing it as essential for strengthening the banking sector and attracting foreign investment. Alesta Wilcox Advocates for Recapitalization At a press conference in Ikeja, Lagos, Alesta Wilcox, past chairman of the Institute of […]
President William Ruto has expressed his willingness to engage in dialogue with thousands of young protesters who have demonstrated across Kenya in opposition to proposed tax increases. The protests, primarily led by Generation Z Kenyans, have highlighted growing dissatisfaction with the government’s economic policies. Speaking at a Summit on Peace in Ukraine in Switzerland, Ruto […]
China has called on the European Union to withdraw its decision to impose provisional tariffs on Chinese electric vehicles (EVs). This request follows high-level talks between Chinese Commerce Minister Wang Wentao and Valdis Dombrovskis, Executive Vice President of the European Commission, according to a report by the state media outlet Global Times. The discussions, aimed […]
In a strategic effort to enhance economic ties, a high-level Egyptian trade delegation, organized by the Egyptian Business Council for International Cooperation (EBCCI), recently visited Uzbekistan from June 3rd to 6th. The delegation included members of parliament, senators, and prominent business leaders from major Egyptian companies across various sectors. Moataz Raslan, Chairperson of the EBCCI, […]
The African Commission on Human and Peoples’ Rights (ACHPR) has expressed deep concerns over Kenya’s proposed finance bill, citing potential threats to socio-economic stability and privacy rights. In a statement issued by Hon Commissioner Solomon Ayele Derso, the ACHPR emphasized the need for extensive public consultation regarding the government’s introduction of new taxes. This move […]
GENEVA: The United Nations Conference on Trade and Development (UNCTAD) released its latest World Investment Report on June 20, revealing a 2% decrease in global foreign direct investment (FDI) to $1.3 trillion in 2023. The report highlights the influence of a slowing global economy and increasing geopolitical tensions on investment flows. Key Findings Global FDI […]
Ghana has reached a significant agreement in principle with its bondholders to restructure $13 billion of its international debt, sources told Reuters on Thursday. This agreement follows a recent accord with the country’s official creditors, providing a crucial step towards stabilizing Ghana’s financial situation. The restructuring deal will require bondholders to accept a reduction in […]
During the second Aquatic Resources and Blue Economy Conference (ARBEC) in Kisumu, stakeholders emphasized the crucial role of Kenya’s blue economy sector in driving economic growth. Deputy Governor Dr. Mathews Owili highlighted the sector’s potential, noting current disparities in contribution to GDP between Nairobi and riparian counties like Kisumu and Mombasa. Dr. Owili acknowledged recent […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
