Moody’s Ratings surprised few by cutting India’s real GDP growth forecast for the 2025 calendar year to 6.3 percent, down from its prior 6.5 percent projection. The announcement, made on May 6, 2025, comes against a backdrop of intensifying policy uncertainty in the United States—mainly over tariffs and trade restrictions—and mounting geopolitical stresses worldwide. While Moody’s left its 2026 […]
Eskom has delivered a message of optimism to South Africans ahead of the coming winter season, promising no load shedding for at least the next four months and warning that, even in a worst‑case scenario, rolling blackouts would be limited to brief, low‑level interruptions. At a pre‑winter media briefing on May 5, 2025, held at Megawatt […]
Kenya’s National Treasury has unveiled its Budget Policy Statement (BPS) for the fiscal year 2025/26, presenting an ambitious increase in the nation’s budget estimates to KSh 4.26 trillion, up from KSh 3.98 trillion in the 2024/25 fiscal year. This shift reflects the government’s continuing efforts to balance economic transformation and fiscal discipline, while also responding […]
A groundbreaking report from a leading UK charity has lifted the veil on the hidden economic toll of poverty and hunger, revealing that hardship costs the nation a staggering £75.6 billion each year. Far from being an abstract moral failing, this crisis exacts a concrete price in lost productivity, higher welfare bills, strained public services, and […]
Tanzania’s financial landscape has undergone a dramatic shift with the recent implementation of new regulations that prohibit the use of foreign currencies, including the US dollar, for local transactions. These new rules, announced by the Bank of Tanzania and published in the Government Gazette on March 28, 2025, have set the stage for a significant […]
Kenya’s President William Ruto has recently lauded the Finance Bill 2025, calling it a “carefully crafted” piece of legislation that will be instrumental in the country’s economic growth. During his address at the Uhuru Gardens on May 1, 2025, which coincided with the annual Labour Day celebrations, Ruto emphasized that the bill was designed to […]
As the world continues to rapidly evolve with technological advancements, artificial intelligence (AI) is increasingly positioned as a transformative force for the global economy. A recent report by PwC, titled Value in Motion, has revealed that AI could potentially drive a significant economic boost, increasing global economic output by as much as 15% by 2035. […]
The African Export-Import Bank (Afreximbank) has recently unveiled an ambitious $3 billion revolving credit line designed to facilitate easier access to fuel products for buyers across Africa and the Caribbean. This new initiative aims to tackle the continent’s longstanding reliance on imported fuels, offering a new avenue for sourcing petrol, diesel, jet fuel, and other […]
In a decisive move to rein in public spending and inject fresh momentum into Kenya’s economy, President William Ruto presided over a Cabinet meeting at State House, Nairobi, that approved the Finance Bill, 2025. The legislation, which now proceeds to Parliament, aims to sharpen tax administration, seal revenue leakages, and unlock growth—particularly for small businesses […]
West Texas Intermediate (WTI) crude continued its slide for a third straight session on Wednesday, trading near $59.50 a barrel during Asian hours. The benchmark is on track for its biggest monthly drop—down more than 15 percent—since November 2021, as mounting fears over slowing global growth, weakening fuel demand and rising supply combine to sap […]
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...
