EU Infrastructure Fund Eyes African Clean Jet Fuel Projects The European Union is turning its attention to Africa, seeking to bolster sustainable air travel through clean jet fuel projects as part of its Global Gateway infrastructure fund. With growing demand for eco-friendly aviation, the EU’s strategic move aims to support both the aviation industry and […]
In a move that marks a significant transformation for the global economic landscape, the BRICS alliance is poised to expand its horizons by welcoming six new member nations. The decision was unveiled during the 2023 BRICS Summit held at Johannesburg’s esteemed Sandton Convention Centre on August 24, 2023. This expansion is set to fuel substantial […]
In a significant address, President Dilma Rousseff, the head of the New Development Bank established by BRICS nations, highlighted the institution’s potential in assisting African countries to confront their pressing challenges. During her speech in Johannesburg, the former Brazilian President emphasized the mutually beneficial partnership between BRICS countries and Africa. The New Development Bank, formed […]
Federal Reserve Chair Jerome Powell addressed the audience at the Jackson Hole Economic Symposium, shedding light on the central bank’s outlook for the economy and its approach to managing inflation. Powell acknowledged the progress made in tackling inflation, noting that it had eased from its peak of 7% last summer to 3.3%. Despite this improvement, […]
In a surprising and bold move, Turkey’s central bank has jolted global markets by announcing a substantial increase in its key interest rate by a staggering 750 basis points, propelling it to 25%. The unexpected decision has ignited an unprecedented surge in the Turkish lira’s value and has indicated a newfound commitment to tackle the […]
President William Ruto addressed a gathering during an interdenominational service in Bungoma County, pledging his administration’s commitment to resolving the long-standing challenges facing the sugar industry in the Western region. “We are dedicated to addressing the persistent issues affecting the sugar sector in this region. I assure you that we will work towards a comprehensive […]
In the first half of 2023, a remarkable shift has been observed in the borrowing habits of Kenyan individuals, with the Fuliza digital lending platform taking the lead. A daily average of more than Sh2.2 billion is being borrowed through Fuliza, underlining the increasing reliance on modern digital financial solutions. This trend is reflected in […]
In a bid to stabilize the Kenyan shilling against external pressures, the government has outlined an ambitious goal: to elevate the country’s foreign exchange reserves to a level equivalent to 6.1 months of import cover. This strategic move is a cornerstone of the Medium-Term Plan 4, a pivotal phase in the realization of Vision 2030. […]
Johannesburg, August 23, 2023 — The ongoing BRICS summit in Johannesburg, South Africa, has shifted its attention to critical matters that could shape the future course of these prominent developing economies. The summit, which brings together the leaders of Brazil, Russia, India, China, and South Africa, aims to tackle issues of expansion and the potential […]
In a groundbreaking move, South Africa and China have solidified their energy ties through a series of agreements inked during the BRICS summit held in Johannesburg. The partnership aims to revamp South Africa’s ailing energy sector, which has been grappling with a crippling energy crisis that has cast a shadow over its economy. The agreements, […]
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...
