In a significant step towards sustainable development, key stakeholders in Kenya’s environmental conservation sector are gathering in Nairobi to strategize on unlocking the nation’s potential as a global hub for green jobs and digital work. This initiative is being led by the government in collaboration with Jacob’s Ladder Africa, International Labour Organisation (ILO), United Nations […]
Morocco has unveiled a plan to nearly double its installed energy capacity by 2027, aiming to add 9 gigawatts (GW) to the current 11 GW. This initiative, announced by Energy Minister Leila Benali at a recent battery technology conference in Rabat, involves a $7 billion investment, with a substantial focus on renewable energy. Out of […]
The International Monetary Fund (IMF) has approved a new framework allowing its members to allocate Special Drawing Rights (SDRs) towards hybrid capital bonds issued by multilateral development banks (MDBs). This strategic move aims to enhance the lending capacity of MDBs, potentially unlocking up to $80 billion for critical development projects. Hybrid bonds, which blend debt […]
President William Ruto has revealed a significant plan to raise Kenya’s tax revenue from the current 14% to 22%, a move aimed at bolstering the nation’s financial health and reducing dependence on external borrowing. Speaking to Harvard Business School’s Class of 2025 at State House on May 15, President Ruto detailed a phased approach to […]
Kenya and the European Union have solidified their economic partnership with the signing of the Economic Partnership Agreement (EPA) on Tuesday. The ceremony, hosted at Nairobi’s State House and attended by the EU Delegation led by Ambassador Henriette Geiger, marks a significant step towards enhancing trade and investment between the two regions. President William Ruto […]
Australia has introduced a forward-thinking budget designed to position the country as a global leader in renewable energy, while addressing its dependence on mining and fossil fuels. Treasurer Jim Chalmers announced a projected budget surplus of US$6 billion (Aus$9 billion) for this year, driven by high iron ore and coal prices. Renewable Energy Focus Chalmers […]
Nigeria has launched a new online portal aimed at providing detailed information about the country’s mineral resources to potential investors. The Nigeria Mineral Resources Decision Support System (NMDSS) is designed to streamline access to data on Nigeria’s geological and mineral wealth, making it easier for investors worldwide to make informed decisions. The mining minister, Dele […]
Today marks a pivotal moment in Kenya’s fiscal arena as the Finance Bill 2024 takes center stage in a special parliamentary session. This legislative initiative aims to introduce a series of tax reforms and empower the Kenya Revenue Authority (KRA) with newfound authority, sparking debates and discussions nationwide. The Finance Bill 2024 proposes significant changes […]
The global gold market witnessed a notable surge in prices over the past week, with gold prices climbing by 2.6% to reach $2,378 per ounce—a level not seen in the past two weeks. Analysts attribute this uptick to the enduring appeal of gold, buoyed by expectations of potential interest rate cuts in response to recent […]
In a move aimed at bolstering Nigeria’s informal sector, the Federal Government is set to introduce significant tax reforms. Mr. Taiwo Oyedele, chairing the Presidential Fiscal Policy and Tax Reforms Committee, unveiled this initiative during the committee’s closing session in Abuja. The proposed reforms target the bulk of businesses in the informal economy, offering tax […]
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...
