Kenya’s energy sector faces a pivotal juncture as the government deliberates on the fate of its government-to-government (G-to-G) fuel import deal with Gulf nations. This Wednesday, a decision is expected to be unveiled that could reshape the country’s approach to energy procurement. Initiated earlier this year, the deal aimed to mitigate dollar pressure and provide […]
China has taken a significant step to revitalize its stock market by halving the stamp duty on stock trading, effective immediately. This strategic move comes as the country grapples with economic uncertainties stemming from the post-pandemic recovery and challenges within its property market. The Ministry of Finance, in partnership with the State Taxation Administration, announced […]
EU Infrastructure Fund Eyes African Clean Jet Fuel Projects The European Union is turning its attention to Africa, seeking to bolster sustainable air travel through clean jet fuel projects as part of its Global Gateway infrastructure fund. With growing demand for eco-friendly aviation, the EU’s strategic move aims to support both the aviation industry and […]
In a move that marks a significant transformation for the global economic landscape, the BRICS alliance is poised to expand its horizons by welcoming six new member nations. The decision was unveiled during the 2023 BRICS Summit held at Johannesburg’s esteemed Sandton Convention Centre on August 24, 2023. This expansion is set to fuel substantial […]
In a significant address, President Dilma Rousseff, the head of the New Development Bank established by BRICS nations, highlighted the institution’s potential in assisting African countries to confront their pressing challenges. During her speech in Johannesburg, the former Brazilian President emphasized the mutually beneficial partnership between BRICS countries and Africa. The New Development Bank, formed […]
Federal Reserve Chair Jerome Powell addressed the audience at the Jackson Hole Economic Symposium, shedding light on the central bank’s outlook for the economy and its approach to managing inflation. Powell acknowledged the progress made in tackling inflation, noting that it had eased from its peak of 7% last summer to 3.3%. Despite this improvement, […]
In a surprising and bold move, Turkey’s central bank has jolted global markets by announcing a substantial increase in its key interest rate by a staggering 750 basis points, propelling it to 25%. The unexpected decision has ignited an unprecedented surge in the Turkish lira’s value and has indicated a newfound commitment to tackle the […]
President William Ruto addressed a gathering during an interdenominational service in Bungoma County, pledging his administration’s commitment to resolving the long-standing challenges facing the sugar industry in the Western region. “We are dedicated to addressing the persistent issues affecting the sugar sector in this region. I assure you that we will work towards a comprehensive […]
In the first half of 2023, a remarkable shift has been observed in the borrowing habits of Kenyan individuals, with the Fuliza digital lending platform taking the lead. A daily average of more than Sh2.2 billion is being borrowed through Fuliza, underlining the increasing reliance on modern digital financial solutions. This trend is reflected in […]
In a bid to stabilize the Kenyan shilling against external pressures, the government has outlined an ambitious goal: to elevate the country’s foreign exchange reserves to a level equivalent to 6.1 months of import cover. This strategic move is a cornerstone of the Medium-Term Plan 4, a pivotal phase in the realization of Vision 2030. […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
