Japan’s economy delivered a pleasant surprise in the second quarter of 2025, growing much faster than economists anticipated despite mounting trade pressures from the United States. The robust performance has renewed confidence in the world’s fourth-largest economy and strengthened the case for potential interest rate increases by the Bank of Japan later this year. Push […]
A groundbreaking renewable energy initiative is taking shape in the heart of Africa as UAE-based Global South Utilities (GSU) officially breaks ground on a transformative 50-megawatt solar photovoltaic power plant in Sakaï, Central African Republic. This landmark project represents far more than an infrastructure development—it embodies hope for millions of Central Africans who have long […]
The dawn of the artificial intelligence (AI) era presents a transformative opportunity for nations worldwide, and Africa stands at a pivotal moment. The recent 2024 Oxford Insights Government AI Readiness Index provides a crucial snapshot of this landscape, ranking Kenya eighth in Africa and 93rd globally. While these figures may seem modest on a global […]
In a monumental development for the Indian economy, S&P Global Ratings has officially upgraded India’s long-term unsolicited sovereign credit ratings to “BBB” from “BBB-“. This significant revision, which also saw the short-term ratings rise to ‘A-2’ from ‘A-3’, reflects a powerful endorsement of India’s sustained economic resilience and prudent fiscal management. The outlook on the […]
The recent high-level talks between Minister of Investment and Foreign Trade Hassan El-Khatib and Ivorian Minister of Foreign Affairs Kacou Houadja Léon Adom mark a significant moment in the burgeoning relationship between Egypt and Côte d’Ivoire. The discussions, which centered on strengthening economic and investment cooperation, signal a strategic effort to move beyond traditional diplomatic […]
Iran has made a significant statement regarding its long-term economic strategy in Africa, declaring Kenya as its primary gateway to the lucrative East African market. This declaration, made by Iranian Agriculture Minister Qolamreza Nouri Ghezeljeh during a high-profile visit to Nairobi, marks a pivotal moment in the relationship between the two nations. At the heart […]
A recent report by Bank of Baroda has brought into sharp focus the complex dynamics of the global energy market, suggesting that while the global economy could face significant headwinds from a potential full embargo on Russian oil exports, India’s direct exposure remains surprisingly limited. The analysis estimates that India’s additional oil import expenditure would […]
Minister of Electricity and Energy, Dr. Kgosientsho Ramokgopa, has delivered a powerful message of hope to the nation, assuring South Africans that the country is finally on a path to definitively ending the long-standing load shedding crisis. Speaking at a recent media briefing, the minister conveyed a sense of cautious optimism, stating, “We are in […]
The Central Bank of Kenya (CBK) has announced a significant decision by its Monetary Policy Committee (MPC) to lower the benchmark lending rate, known as the Central Bank Rate (CBR), by 25 basis points. This move, which brings the rate down to 9.50 per cent from the previous 9.75 per cent, marks the latest step […]
The Organization of the Petroleum Exporting Countries (OPEC) has slightly increased its global oil demand forecast for 2026, expecting a tighter market amid economic momentum that is projected to continue next year. Demand for crude is now expected to grow by 1.4 million barrels per day (bpd), a slight upward revision from its previous forecast. […]
Kenya's fiscal deficit is projected to widen by 10.23 percent in the 2026/27 financial year (FY), signaling renewed pressure on...
Financial markets are experiencing a significant shift as the benchmark US 10-Year Treasury Yield has decisively fallen below the critical...
A comprehensive demographic research study conducted by the International Labour Organisation (ILO) has revealed alarming statistics about Nigeria's employment landscape,...
Africa's electric mobility story has long been characterized by unfulfilled promise rather than tangible progress. Infrastructure remains scarce across the...
