China’s real estate market remains in a state of flux, with recent data pointing to continued struggles despite recent government interventions. According to the National Bureau of Statistics (NBS), prices for new homes in 70 major cities dropped by 0.7% in May compared to April, marking the largest monthly decline in nearly a decade. This […]
South Africa’s decision to increase tariffs on clothing imports from Chinese e-commerce giants Shein and Temu has sparked debate over its economic impact and implications for consumers. Set to take effect next month, the tariff hike from 20% to 60% aims to level the playing field for domestic retailers, addressing concerns of unfair competition enabled […]
In response to widespread public outcry, a Kenyan parliamentary panel has advised against implementing several proposed taxes included in the government’s funding bill for the 2024/25 fiscal year. These recommendations come amid growing protests in the capital. The proposed tax changes are part of President William Ruto’s efforts to increase revenue and reduce the country’s […]
The U.K. economy has reached a pivotal moment as inflation eased to the Bank of England’s targeted 2.0% in May, according to the latest Office for National Statistics (ONS) report. This milestone, coming just before the upcoming national elections in July, underscores a period of relative stability. In May, headline inflation retreated from 2.3% in […]
Africa will need $240 billion annually by 2030 to address its growing energy demands, according to a recent report by the International Energy Agency (IEA). The report, titled “Clean Energy Investment for Development in Africa,” underscores the urgent necessity of substantial investment in clean energy projects to alleviate the continent’s energy crisis. Current Energy Landscape […]
President William Ruto’s administration has unveiled the budget for the 2024-25 fiscal year, signaling strategic shifts in key sectors crucial to Kenya’s economy and societal well-being. Education Investments The administration has prioritized education with an increased budget of Sh656.6 billion, aimed at fostering skills development and upgrading junior secondary school teachers to permanent status. However, […]
Malaysia is set to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim announced in a recent interview with Chinese media outlet Guancha. This move highlights Malaysia’s efforts to align with a coalition aimed at reshaping the global economic landscape traditionally dominated by Western powers. BRICS, originally comprising Brazil, Russia, India, China, and […]
Nigeria’s official foreign exchange (FX) market is experiencing significant volatility, with turnover dropping sharply by 75.98% to a three-week low of $92.68 million on Thursday, down from $385.91 million at the close of trading on Tuesday. This marked decline, the second in recent weeks, underscores ongoing challenges in the nation’s FX market. On June 6, […]
Kenya’s Finance Minister, Njuguna Ndung’u, outlined today the strategic priorities of the upcoming 2024/25 budget, emphasizing a balanced approach to addressing the country’s debt burden while supporting its fragile economic recovery. The budget aims to build on projected economic growth of 5.5% for the year, following a modest increase from 5.6% in 2023, driven by […]
The Bank of Italy announced on Thursday that the Italian economy is expected to grow by 0.8% both this year and next. This projection aligns with the bank’s previous estimates from April, which anticipated a 0.8% expansion for 2024 and a slightly higher 0.9% growth for 2025. Adjusting for the number of working days, the […]
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...
