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 […]
In a dramatic turn of events that has reverberated through Kenya’s political and economic landscape, the Court of Appeal has declared the 2023 Finance Law unconstitutional. This landmark decision represents a significant setback for President William Ruto’s administration and further complicates the country’s already challenging economic environment. The ruling follows a series of massive protests […]
In a significant shift in monetary policy, the Bank of England (BoE) has reduced its main interest rate by 0.25%, bringing it down to 5% from the previous 16-year high of 5.25%. This marks the first rate cut since the early days of the COVID-19 pandemic in 2020, reflecting a response to easing inflationary pressures […]
In recent days, Ethiopia has witnessed a dramatic shift in its economic landscape following the central bank’s decision to float the national currency, the birr. The move, which saw the birr weaken by 28% against the US dollar, has led to a surge in commodity prices, prompting local authorities to crack down on businesses accused […]
Kenya has just embarked on an ambitious and exciting journey with the launch of the Association of Special Economic Zones (ASEZ). This new, independent body is set to reshape the country’s economic future by bringing together various stakeholders involved in Special Economic Zones (SEZs). ASEZ aims to be a unifying force for SEZ developers, operators, […]
In a surprising turn of events, the Bank of Japan (BOJ) made headlines today with a major policy shift that defies market expectations. For the first time since 2008, the BOJ has raised its interest rates and outlined a gradual plan to taper its extensive bond-buying program. This move represents a significant step towards winding […]
In a bold and unprecedented move, South Africa and the African Union are spearheading a global effort to impose taxes on the ultra-wealthy. This push marks the first serious attempt to establish an international standard for taxing individuals with assets exceeding $1 billion. Announced at a recent G20 finance ministers’ meeting in Rio de Janeiro, […]
In the midst of economic uncertainties, Nairobi’s property market is showing remarkable resilience. The latest report from HassConsult reveals that property transactions in the city have managed to maintain a steady pace, despite the challenging economic conditions and rising costs for developers. This ongoing stability is an encouraging sign for the market, as it continues […]
Starting May 1, 2026, Kenyan agricultural products will enter the Chinese market completely free of import duties — a development...
On Monday, March 16, 2026, Cuba's national electricity grid suffered a complete collapse, plunging the island nation of roughly 10...
African mining markets are experiencing an unprecedented surge in greenfield exploration, as governments and private investors race to secure new...
Kenya's Real Estate Investment Trusts market has reached a valuation that would have seemed improbable just five years ago. Data...
