In a landmark gathering on May 9, 2025, President William Ruto of Kenya hosted H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the United Arab Emirates (UAE), in Nairobi. The two leaders reaffirmed a relationship that stretches back decades—hatched in historic trade caravans and bolstered by modern investments—and elevated it […]
On May 8, 2025, the Bank of England’s Monetary Policy Committee (MPC) voted 5–4 to cut its benchmark interest rate by 25 basis points, lowering it from 4.50 percent to 4.25 percent. This decision—its fourth reduction since August 2023 and second in 2025—reflects the Bank’s response to escalating global trade tensions, particularly the tariffs announced by U.S. President Donald Trump on […]
In early May 2025, global markets were rattled when JPMorgan Chase issued a $200 million margin call against Angola’s $1 billion loan facility, arranged as a Total Return Swap (TRS) last December. That request for additional collateral—triggered by a sudden drop in the price of Angolan government dollar bonds used as security—thrust the oil‐rich nation’s precarious public […]
Kenya’s economy experienced an encouraging surge in 2024 as diaspora remittances rose by an impressive 14%, reaching Sh674.1 billion. This rise has confirmed the growing importance of remittances as one of the country’s most reliable sources of foreign exchange, outpacing other key sectors such as tourism, tea exports, and horticulture. This trend is not only […]
In a significant move toward thawing frayed economic ties, China and the United States have confirmed plans to hold high-level trade and economic talks in Switzerland from May 9 to 12, 2025. At the invitation of the Swiss government, Chinese Vice Premier He Lifeng, a member of the Political Bureau of the Communist Party of […]
In a landmark move set to reshape the future of Nigeria’s power sector, the Federal Executive Council (FEC) has approved the long-awaited National Integrated Electricity Policy (NIEP), a pivotal roadmap aimed at reforming and modernizing the Nigerian Electricity Supply Industry (NESI). This strategic approval, which comes months after the policy’s initial submission in December 2024, […]
Kenya is on track to become East Africa’s largest economy in 2025, overtaking long‑time regional leader Ethiopia, according to the latest International Monetary Fund projections. While Ethiopia’s GDP is forecast at about $117 billion next year, Kenya’s output is expected to reach roughly $132 billion. This shift reflects contrasting policy decisions, financing strategies and economic resilience in two of […]
Britain and India sealed a landmark free trade agreement on May 6, 2025, after three years of stop‑start negotiations. As the world’s fifth‑ and sixth‑largest economies, they pledged to deepen their economic partnership at a time when global supply chains have been rattled by protectionist measures and volatility in major markets. The deal is hailed […]
In a decisive move to reshape Nigeria’s economic trajectory, the Federal Executive Council (FEC) on May 5, 2025, approved the Renewed Hope Nigeria First Policy, a sweeping framework designed to place homegrown businesses and manufacturers at the center of all federal procurement and investment decisions. Presided over by President Bola Ahmed Tinubu, the Council directed […]
A fresh warning from the United States Department of Agriculture’s Foreign Agricultural Service has cast a spotlight on Kenya’s sugar sector, predicting a sharp 19.8 percent drop in domestic sugar output for the 2025/2026 marketing year. Production is forecast to fall from 810,000 metric tonnes in 2024/2025 to just 650,000 metric tonnes, due to shrinking cane acreage, aging […]
In a pivotal moment for Kenya's economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills:...
In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred...
The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African...
A transformative era has dawned for chilli farmers in Kenya's coastal region with the official commissioning of a state-of-the-art Sh250...
