In a remarkable turn of events, Turkey’s economy has secured a current account surplus for the first time in 20 months, driven by a robust surge in tourism and a strategic pivot in economic management under the leadership of President Recep Tayyip Erdoğan. Official data released by the central bank on Friday revealed that Turkey’s […]
Amidst an atmosphere of clarity and purpose, the BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has firmly asserted its dedication to championing the interests of the developing world. The group’s message, delivered by South African diplomat Anil Sooklal at a recent conference hosted by Bloomberg in Johannesburg, resonates with a mission of […]
In a significant move that promises to revolutionize cross-border trade, Kenya and Uganda are on the brink of introducing a brand-new Customs post at the Suam border crossing. This development marks a remarkable stride in enhancing the economic connectivity of the region. Backed by the robust support of the African Finance Development Bank and in […]
Argentina’s political arena has been electrified by an unexpected turn of events as far-right libertarian candidate Javier Milei clinched a surprising victory in the country’s primary elections. The aftermath of his triumph has sent shockwaves through the nation’s economy, prompting a swift series of strategic maneuvers to stabilize the markets. Milei’s remarkable ascent, securing an […]
In a resounding testament to the burgeoning economic relations between South Africa and China, trade agreements worth a staggering $2.2 billion have been inked during the visit of Chinese Commerce Minister Wang Wentao. This landmark development, which unfolded last week, is poised to catalyze a new era of collaborative trade initiatives. The agreements materialized against […]
In a significant stride towards boosting agricultural productivity and enhancing livelihoods, Deputy President Rigathi Gachagua has unveiled an upcoming phase of farmer registration for fertilizer subsidy. The announcement, made during a dynamic address on Saturday, August 12, 2023, signifies the Kenyan government’s commitment to supporting its agricultural sector. Addressing a spirited crowd in the North […]
In a strategic bid to rejuvenate Kenya’s coffee production and amplify its global market presence, the government has unveiled an ambitious roadmap for the next five years. Patrick Kilemi, the Principal Secretary in the Department of Cooperatives, outlined the comprehensive plan, emphasizing the administration’s unwavering commitment to drive coffee production figures to new heights. With […]
China’s State Council has taken a significant stride towards revitalizing its economy by issuing a set of comprehensive guidelines aimed at enhancing the country’s appeal for foreign investments. These measures come as China faces economic hurdles, including sluggish export demand from key trade partners and ongoing turbulence in its property market. The central focus of […]
In an inspiring display of international engagement, South Korean Foreign Minister Park Jin embarked on a significant voyage to Rwanda, aimed at solidifying cooperation in cutting-edge technology and forward-looking domains. During this pivotal visit, Minister Park engaged in meaningful conversations with senior Rwandan officials, charting a new course of partnership between the two nations. A […]
President Bola Tinubu’s determination to reshape Nigeria’s economic trajectory has come to the forefront with the inauguration of the Presidential Committee on Fiscal Policy and Tax Reforms. The committee, led by Mr. Taiwo Oyedele, has a mandate that reflects President Tinubu’s commitment to steer Nigeria away from its reliance on foreign borrowing and toward sustainable […]
Kenya has enacted sweeping cybercrime legislation that imposes penalties of up to Sh20 million ($155,000) in fines or ten years...
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
