Chancellor Jeremy Hunt expressed confidence that his strategy to combat rising inflation is yielding results and will soon relieve financial pressure on UK households. Hunt acknowledged the ongoing financial challenges faced by many households in the country, emphasizing the importance of sticking to the plan for reducing inflation. While the Bank of England initially predicted […]
In response to a significant revenue shortfall, South Africa’s National Treasury has unveiled a series of cost-cutting measures aimed at optimizing government expenditure. According to Reuters, these measures, articulated in a letter directed to national departments, provinces, and public entities, signify a proactive approach to addressing the country’s economic challenges. Among the key initiatives is […]
As the clock ticks closer to September 1, the business landscape braces for the impact of the second round of taxes introduced through the much-debated Finance Act 2023. The ripple effects of these new measures are set to reverberate across various sectors, including cement, steel, paper, digital and creative industries, and entertainment. Digital Assets Tax […]
The Eurozone’s core inflation displayed a slight moderation in August, adding an air of uncertainty to the upcoming policy considerations of the European Central Bank (ECB). The consumer price index for the 20 Eurozone nations maintained its level at 5.3%, underscoring the impact of soaring food, alcohol, and tobacco prices that escalated by 9.8% since […]
In an unprecedented move, the forthcoming African Climate Summit is set to transform how the continent addresses its climate challenges. With the aim of redirecting attention from Africa as a helpless victim of floods and famine, the summit, commencing in Nairobi next week, seeks to position the region as an active participant in climate finance […]
Analyzing Labor Market Trends The US labor market is showing signs of a gradual slowdown, with a decline in job openings and a decrease in resignations capturing attention and raising questions about economic dynamics and potential Federal Reserve actions. Job Openings: A Notable Decline In a shift that caught analysts by surprise, the month of […]
French mining company Eramet has swiftly announced its plans to resume manganese mining operations in Gabon, signaling a decisive move to restore normalcy following a temporary suspension in the wake of a recent coup. The abrupt decision to halt activities caused Eramet’s stock value to plunge by nearly 17% during Paris’s daily stock market trading. […]
In a significant move aimed at reshaping Kenya’s energy landscape, Members of Parliament (MPs) are pushing forward with a proposal to dismantle the monopoly held by Kenya Power. The plan, gaining momentum, seeks to introduce Independent Power Producers (IPPs) into the market, allowing them to directly sell tokens to consumers. The primary goals are to […]
Kenya’s energy sector faces a pivotal juncture as the government deliberates on the fate of its government-to-government (G-to-G) fuel import deal with Gulf nations. This Wednesday, a decision is expected to be unveiled that could reshape the country’s approach to energy procurement. Initiated earlier this year, the deal aimed to mitigate dollar pressure and provide […]
China has taken a significant step to revitalize its stock market by halving the stamp duty on stock trading, effective immediately. This strategic move comes as the country grapples with economic uncertainties stemming from the post-pandemic recovery and challenges within its property market. The Ministry of Finance, in partnership with the State Taxation Administration, announced […]
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...
