There’s promising news for emerging markets as the International Monetary Fund (IMF) reports a significant recovery in capital inflows. Last year, these inflows, excluding China, reached $110 billion, which is 0.6% of these countries’ economic output—the highest since 2018. This data comes from the IMF’s latest External Sector Report, which looks at currency movements, capital […]
Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) recently highlighted the significant impact of the bank’s ongoing economic reforms during the Business Day CEO Forum 2024. Cardoso emphasized that these measures have resulted in a noteworthy 50% reduction in month-on-month inflation between February and May. Speaking at the forum, Cardoso underscored the pivotal […]
Kenyan President William Ruto has taken decisive action in response to mounting public unrest and economic challenges by dismissing all Cabinet ministers and the Attorney General. The move, announced on Thursday, follows weeks of violent protests triggered by proposed tax hikes outlined in the Finance Bill 2024, a key component of Kenya’s agreement with the […]
The UK government has announced a bold plan to achieve the highest per-capita economic growth among G7 nations for two years in a row, aiming to reverse its recent economic struggles. If successful, this would mark a significant turnaround from Britain’s recent performance, where it has lagged behind other G7 countries in per-capita GDP growth. […]
In a promising move towards strengthening international relations, President Alexander Lukashenko of Belarus has expressed a strong interest in partnering with Nigeria across key economic sectors. This announcement was made during a visit from Nigeria’s First Lady, Oluremi Tinubu, in the Belarusian capital, Minsk. Building Stronger Ties President Lukashenko highlighted specific areas where Belarus is […]
Kenya is gearing up for a significant leap in healthcare accessibility as President William Ruto has confirmed the full rollout of the Social Health Insurance Fund (SHIF) under the Universal Health Coverage (UHC) programme, starting October 1, 2024. This move aims to ensure every Kenyan can access healthcare without financial barriers, following initial delays that […]
Japan’s Nikkei 225 index surged past the historic 42,000 mark for the first time, driven by a 0.97% gain powered by strong performances in technology stocks. This milestone coincided with a broader rally across Asia-Pacific markets, buoyed by optimism about potential Federal Reserve rate cuts. The Nikkei’s record-breaking rise highlighted positive economic signs, including a […]
Egypt’s government is forecasting a significant drop in petroleum exports, predicting they will fall to $7.95 billion for the fiscal year 2024-2025, down from $10.22 billion in the previous year. Economic Challenges Ahead This expected decline in petroleum exports comes amid broader economic challenges for Egypt. The central bank recently reported a shift in the […]
President William Ruto of Kenya is facing tough times following the rejection of a crucial finance bill aimed at tackling the country’s massive $80 billion debt. Deadly protests, driven by public frustration over proposed tax changes, led to the bill’s downfall, prompting President Ruto to issue stark warnings about its implications for the future. With […]
China’s post-COVID economic recovery hit another roadblock in June, as consumer inflation figures came in lower than expected. The consumer price index (CPI) for June increased by just 0.2% year-on-year, down from May’s 0.3% rise and below the 0.4% predicted by a Reuters poll. This marks the slowest inflation growth in three months, highlighting ongoing […]
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...
