In a significant legal twist, the High Court today has chosen not to suspend specific sections of the Finance Act, opting instead to streamline multiple petitions that challenge the legislation’s constitutionality. The court’s ruling, announced on August 7, has both disappointed and intrigued legal observers, as it signifies a pivotal juncture in the ongoing dispute […]
China has set the stage for a robust response to the escalating risks posed by its local government debt, unveiling a comprehensive package of strategies aimed at tackling the mounting crisis. This multifaceted approach includes initiatives such as special bond issuance, debt swaps, loan rollovers, and accessing the central budget, underscoring Beijing’s determination to address […]
Nigeria’s energy landscape is about to undergo a revolutionary transformation as the World Bank joins hands with the government and the private sector to fund the construction of 1,000 mini solar power grids. The ambitious initiative was unveiled by World Bank President, Ajay Banga, during his visit to a mini grid site on the outskirts […]
A sweeping technological revolution is underway in Kenya, driven by the government’s resolute determination to transform the nation into a digital powerhouse. The latest stride towards this audacious goal was marked by the inauguration of two public Wi-Fi hotspots, a pivotal stride towards the digital future that Kenya envisions. Eliud Owalo, the Minister of Information, […]
A recent survey by accounting firm BDO Global encompassing a diverse range of UK businesses, has unveiled a notable dip in business confidence as the nation grapples with a decelerating economy and a simultaneous rise in interest rates. The survey, which analyzed insights from over 4,000 companies, provides a glimpse into the prevailing challenges faced […]
In a remarkable turn of events, S&P Global Ratings has revised Nigeria’s outlook from negative to stable, attributing this positive shift to the decisive fiscal reforms championed by President Bola Tinubu. This significant alteration not only signals a potential turning point for the largest economy in Africa but also ignites a sense of optimism within […]
Global stock markets were rocked by turbulence when Fitch, a prominent ratings agency, downgraded the long-term credit rating of the United States. Fitch’s decision lowered the U.S. long-term foreign currency issuer default rating from AAA to AA+, citing concerns over anticipated fiscal deterioration in the next three years, governance issues due to repeated debt-limit political […]
Kenya’s tea industry is experiencing a significant upswing as tea export prices reach an eight-year high. In May, the average price for Kenya’s tea exports surged to Ksh 335,407 ($2,351) per tonne, driven by a weakened shilling and robust demand for the beverage. This positive development coincides with multinational companies and local tea firms engaged […]
n a groundbreaking move, the United Kingdom and Zambia have cemented a strategic economic partnership during the visit of British Foreign Secretary, James Cleverly, to Africa. This unprecedented collaboration promises significant economic gains for both nations, reinforcing their commitment to sustainable development and advancing the global clean energy transition. The UK-Zambia Green Growth Compact, a […]
In the aftermath of a military coup in Niger, the global uranium market has shown signs of potential upheaval, with the spot price of uranium experiencing a slight rise. As the world’s seventh-largest producer of uranium, Niger’s political situation has drawn the attention of experts and investors, who are closely monitoring the developments for potential […]
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...
