In a recent report, Barclays Plc has warned that global bonds are poised for continued decline unless a significant downturn in equities sparks renewed interest in fixed-income assets. Analysts at the bank, led by Ajay Rajadhyaksha, assert that there is no magic yield level that can automatically attract enough buyers to initiate a sustained bond […]
Kenya has taken a significant step toward enhancing economic stability within the African continent by formally joining the Pan African Payments and Settlement System (PAPSS). Trade Cabinet Secretary Moses Kuria made this announcement highlighting the pivotal implications of this move. The primary benefit of Kenya’s inclusion in PAPSS is that it now enables Kenyan companies […]
Egypt’s financial markets were sent into turmoil today as global financial giant Morgan Stanley downgraded the nation’s sovereign credit rating. This significant move stems from a combination of factors that have sparked concerns among international investors. One primary reason behind Morgan Stanley’s decision is the upcoming presidential election in Egypt, which has introduced a high […]
In a significant move towards bolstering regional financial stability, the Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Egypt (CBE) have formally entered into a bilateral currency swap agreement worth more than $1 billion. This strategic collaboration announced on Thursday, stands as a testament to the strengthening economic ties between […]
Kenya is facing a substantial increase in interest payments on its loans, driven by a weakening shilling. The National Treasury expects these payments to rise sharply, reaching Ksh 918.9 billion for the fiscal year ending June 2024. This marks a significant 33.7 percent increase from the previous year’s Ksh 687.3 billion. The key factors contributing […]
The 10-year Treasury yield witnessed a remarkable spike, reaching its highest level in 16 years, briefly hitting nearly 4.57% before settling at 4.51%. This surge was triggered by increasing speculation surrounding the Federal Reserve’s upcoming interest rate decisions and comments made by JPMorgan’s CEO, Jamie Dimon. The main driver behind this abrupt surge in yields […]
United Bank for Africa (UBA), a leading pan-African financial institution, has unveiled a substantial $6 billion initiative aimed at bolstering the growth of Small and Medium Enterprises (SMEs) across the continent. UBA, known for its global presence with offices in the UAE, New York, London, and Paris, issued a statement on Monday outlining its plan […]
The Central Bank of Kenya (CBK) has initiated a strategic move to secure an additional Sh15 billion by reopening two September bonds. This decision comes as the fiscal agent for the government endeavors to maintain control over investor expectations and manage yields on government paper. In this offering, CBK is reopening two bonds with varying […]
In response to a growing fuel crisis and a pressing need to ensure a successful harvest season, the Russian government has strategically adjusted its export restrictions. This decision aims to alleviate the nation’s fuel woes, characterized by widespread shortages and rising wholesale prices. The newly introduced changes permit the export of fuel intended for bunkering […]
In a widely anticipated move, Ghana’s central bank announced today that it would keep its main interest rate steady at 30.00%. This decision, as forecast by a Reuters poll of analysts, comes against the backdrop of a complex economic landscape in the West African nation. Ghana, known for its production of cocoa, gold, and oil, […]
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...
