Kenya’s recent $500 million oil import deal with Gulf states, including the UAE and Saudi Arabia, is making waves. This agreement, struck in March 2023, aims to tackle Kenya’s persistent dollar shortage, but it comes with its own set of opportunities and risks. Let’s break down the deal’s implications and what it means for Kenya […]
July 19th is a date that will be etched in memory as the day technology faltered and the world stood still. From grounded flights and halted medical services to paralyzed banking systems, the consequences of a massive tech outage reverberated across the globe. The culprit? A faulty software update from cybersecurity giant CrowdStrike, impacting machines […]
The dawn of South Africa’s new coalition government has sparked a wave of optimism as the nation looks to its leaders for a revival of economic fortunes and a reduction in joblessness. This momentous shift promises a fresh approach to tackling the country’s entrenched challenges, but turning these ambitious promises into reality will be no […]
Kenya’s recent move to extend the pay rise freeze to all public servants has stirred up quite a bit of concern and frustration. This article takes a closer look at the reasons behind this decision, exploring how Kenya’s fiscal woes, public sector pay, and the pursuit of sustainable economic growth intersect. Unpacking Kenya’s Fiscal Strain […]
The International Monetary Fund’s (IMF) recent call for the U.S. to raise taxes and delay rate cuts has ignited a crucial debate about tackling America’s fiscal challenges. While the focus is on the headline recommendations, understanding the deeper economic context and potential ramifications is essential. The Urgency of Fiscal Consolidation The IMF is sounding the […]
Zimbabwe’s financial landscape is entering a new chapter with the introduction of the Zimbabwe Gold (ZiG), the country’s latest attempt to stabilize its economy. This article explores the historical context, economic hurdles, and potential pathways for the ZiG’s success. A Legacy of Hyperinflation and Currency Woes To understand the ZiG’s prospects, it’s essential to consider […]
The Energy and Petroleum Regulatory Authority (EPRA) has implemented a Sh7 per litre increase in the road maintenance levy, raising it to Sh25 per litre from the previous Sh18. This decision follows a proposal by the Kenya Roads Board (KRB) for a 39% hike to address the funding gap in road infrastructure maintenance. Former Roads […]
Federal Reserve Chair Jerome Powell addressed the Economic Club of Washington D.C. on Monday, showing a proactive stance on interest rates given the changing economic landscape. Powell emphasized that the Fed wouldn’t wait for inflation to hit 2% before considering rate cuts, explaining the complexities involved in monetary policy. Powell highlighted the idea of “long […]
Nigeria is facing a significant economic challenge as its headline inflation rate surged to a new high of 34.19% in June 2024, up from 33.95% in May, according to the latest data from the National Bureau of Statistics (NBS). This increase of 0.24 percentage points highlights the growing financial strain exacerbated by steep rises in […]
Kenya’s exports to the Democratic Republic of Congo (DRC) have surged, making it the fastest-growing export market within the East African Community (EAC) bloc. This impressive growth comes even amidst recent diplomatic tensions between Nairobi and Kinshasa. In the first quarter of 2024, Kenya’s exports to the DRC jumped by 56.04%, reaching Ksh 8.62 billion […]
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...
