Argentina stands at a critical juncture as Javier Milei, an unconventional economist turned president, assumes office with a commitment to undertake profound economic reforms. In his inaugural address outside the Buenos Aires congress, the 53-year-old leader declared an end to the nation’s era of “decadence and decline” and outlined his vision for a comprehensive overhaul. […]
Nigeria has achieved a significant milestone in its economic journey as the Dangote Petroleum Refinery, backed by Africa’s wealthiest entrepreneur, Aliko Dangote, receives its first shipment of one million barrels of crude oil. This development signals progress in the launch of the much-anticipated 650,000 barrel-per-day refinery, set to become the largest of its kind in […]
The Council of Governors (CoG) is leading a concerted effort to drive ‘bottom-up’ economic growth by focusing on Micro, Small, and Medium Enterprises (MSMEs) through targeted policies and programs. Governor Susan Kihika, heading the CoG Trade, Industry, Manufacturing, and Enterprise Development Committee, shared the comprehensive strategy during a recent high-profile meeting in Naivasha. Central to […]
The average long-term U.S. mortgage rate has reached its lowest point in four months, bringing potential relief to homebuyers navigating a challenging market. Freddie Mac’s latest data showcases a substantial drop in the average 30-year mortgage rate, sliding from 7.22% to 7.03% over the past week. This is a notable shift from the 6.33% recorded […]
The Economic Community of West African States (ECOWAS) court has dismissed Niger’s junta’s plea to lift sanctions imposed by neighboring nations in response to the unconstitutional coup that ousted President Mohamed Bazoum in July. The swift response from ECOWAS included border closures, suspension of financial transactions, and freezing of assets, with Nigeria going so far […]
In response to the persistent depreciation of the shilling and the resulting economic challenges, Kenya’s Central Bank has taken a measured step by announcing a significant 2 percentage point interest rate hike. This decision comes as the shilling’s decline raises concerns about inflation, obstructs foreign investment, and impacts debt servicing. This move marks the first […]
Overview:Private payrolls in the United States witnessed a moderate increase of 103,000 workers in November, according to a report by ADP. The figure, falling slightly below the revised October count of 106,000, failed to meet the Dow Jones estimate of 128,000. Sector-Specific Insights:While the leisure and hospitality sector, a significant job creator since the pandemic’s […]
In a joint statement on Tuesday, military leaders of Mali and Niger announced the termination of tax cooperation treaties with France, citing persistent hostility and the imbalanced nature of existing agreements, which they argue have resulted in substantial revenue losses. The decision, effective within the next three months, signifies a pivotal moment in the evolving […]
The Kenyan High Court has imposed a temporary suspension on the government’s ambitious plan to privatize 11 strategic state-owned parastatals valued at Ksh200 billion ($1.31 billion). This decision comes in response to a legal challenge mounted by Raila Odinga’s Orange Democratic Movement (ODM) party, asserting that the proposed sale warrants broader public input. Represented by […]
India is on a trajectory to become the world’s third-largest economy by 2030, according to a report by S&P Global Ratings. The country, currently ranked fifth, is expected to maintain its status as the fastest-growing major economy for the next three years. S&P projects a growth rate of 6.4% for the ongoing fiscal year, with […]
Kenyans holding virtual assets such as cryptocurrencies and other digital tokens could soon have the option to insure them under...
Goldman Sachs has issued a stark warning about mounting risks to global supply chains of rare earth elements and other...
BP, one of the world's largest integrated energy companies, has confirmed the preliminary results of the Volans-1X exploration well in...
By Brian NzomoOctober 22, 2025 Tether, the company behind the world's largest stablecoin USDT, has made a strategic investment in...
