In a significant move to bolster economic collaboration, Kenya and China have agreed to expedite the conclusion of a free trade agreement (FTA) following high-level discussions between President William Ruto and Chinese Prime Minister Li Qiang. This development underscores the deepening partnership between the two nations, aiming to enhance market access and mutual economic growth. […]
Britain’s public finances have taken a serious hit, as new figures reveal a significantly larger budget deficit than expected for the 2024/25 financial year. The government borrowed nearly £152 billion — approximately £15 billion more than what was projected just a month ago — reigniting concerns over the sustainability of the country’s economic strategy and […]
South Africa’s Finance Ministry stunned markets and consumers alike on Thursday by announcing that it will not proceed with the planned increase in value-added tax (VAT) from May 1. The decision, delivered in a brief statement, follows intense political opposition within the governing coalition and mounting concerns about the measure’s social and economic impact. Finance […]
In a dramatic shift in regional economic fortunes, the International Monetary Fund now projects Kenya’s gross domestic product will reach USD 132 billion in 2025, surpassing Ethiopia’s forecast USD 117 billion and marking Kenya as East Africa’s largest economy. This reordering of the pecking order reflects contrasting currency moves, divergent policy trajectories, and broader global […]
As Beijing and Brussels find themselves under mounting pressure from Washington’s sweeping new trade levies, China has openly signaled its readiness to partner with the European Union in defending the rules-based multilateral trading system. In remarks delivered on April 23, Foreign Ministry Spokesperson Lin Jian denounced last week’s U.S. decision to impose punitive tariffs as […]
The International Monetary Fund has trimmed its 2025 growth forecast for Sub-Saharan Africa (SSA) from 4.2 percent to 3.8 percent, warning that recent tariff escalations by the United States and ensuing retaliatory measures are clouding the region’s recovery. In its April World Economic Outlook, the Fund also lowered its global growth projection to 2.8 percent […]
Kenyan President William Ruto arrived in Beijing on Monday for a five‑day state visit designed to cement Kenya’s role as China’s premier partner in Africa and to accelerate collaboration on trade, infrastructure, and investment. Over the coming days, President Ruto will co‑host the Kenya‑China Business Forum, engage in high‑level bilateral talks with President Xi Jinping, […]
In the wake of President Donald Trump’s abrupt roll‑out of tougher global tariffs on April 2, many leading U.S. multinationals are extending the duration of their foreign exchange (FX) hedges—shifting from the typical three‑ to six‑month tenors out to two‑ and even five‑year maturities—to shield their earnings and cash flows from heightened currency swings Reuters. […]
Despite Nigeria’s recent policy overhauls, millions remain trapped in poverty and chronic hunger. Following its 2025 Article IV Staff Mission, the International Monetary Fund (IMF) has lauded Abuja’s steps to stabilize public finances and unify foreign‑exchange markets—but sounded a stark warning: these gains have yet to reach the most vulnerable, as poverty and food insecurity […]
After a day of heated exchanges in Parliament over stalled constituency funding, Treasury Cabinet Secretary John Mbadi announced on April 16 that KSh 7 billion of the National Government Constituencies Development Fund (NG‑CDF) had been released, with another KSh 7 billion to follow before month’s end. His commitment aims to reduce funding arrears to one […]
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...
