Johannesburg, August 23, 2023 — The ongoing BRICS summit in Johannesburg, South Africa, has shifted its attention to critical matters that could shape the future course of these prominent developing economies. The summit, which brings together the leaders of Brazil, Russia, India, China, and South Africa, aims to tackle issues of expansion and the potential […]
In a groundbreaking move, South Africa and China have solidified their energy ties through a series of agreements inked during the BRICS summit held in Johannesburg. The partnership aims to revamp South Africa’s ailing energy sector, which has been grappling with a crippling energy crisis that has cast a shadow over its economy. The agreements, […]
Kenyans abroad have shattered expectations by sending an unprecedented Sh54.6 billion ($378.1 million) back home in July 2023, marking a remarkable surge in remittances amidst global economic uncertainties. In a surprising turn of events, the Central Bank of Kenya (CBK) has reported that remittances from Kenyans living abroad have reached an all-time high, defying inflation […]
In a significant development, global rice prices have surged to their highest levels in nearly 12 years, triggering apprehensions of a potential spike in food inflation across Asia. The surge comes as India’s export ban on rice and adverse weather conditions have constrained supplies of the region’s primary staple food. According to reports from the […]
In a groundbreaking move set to redefine the landscape of the African energy sector, Namibia has laid out plans for a monumental $2.1 billion port infrastructure expansion, signaling its determination to harness the newfound potential of its offshore oil discoveries. The project, which has garnered international attention, aims to supercharge the nation’s oil developments and […]
As leaders from the BRICS economic bloc comprising Brazil, Russia, India, China, and South Africa – gather for their 15th summit in Johannesburg, all eyes are on Russia and China, which are aiming to cement their political and economic foothold in the developing world. The summit, scheduled from August 22 to 24, will not only […]
In a significant market development, asking prices for homes in the United Kingdom have experienced their steepest August decline since 2018, indicating a possible slowdown in the property sector following four consecutive months of price decreases. According to data released by the property portal Rightmove, new sellers listed their homes for an average of £364,895 […]
A substantial uproar has arisen within Kenya’s banking sector as commercial banks voice their strong opposition to a government proposal aimed at raising the threshold for reporting significant cash transactions. The plan, which seeks to elevate the reporting threshold by 50 percent to $15,000 (Sh2.1 million), has ignited concerns among financial institutions regarding potential implications […]
China is implementing a comprehensive strategy to address the mounting risks associated with local government debt, as the country grapples with an escalating property crisis. In a statement released on Sunday, the People’s Bank of China (PBOC) pledged to coordinate financial support aimed at resolving local government debt issues. This move comes at a time […]
In a striking development, Kenya finds itself grappling with an unprecedented surge in its national debt, a trend that defies President William Ruto’s assurances to curb the nation’s borrowing appetite. Recent treasury figures unveiled on Tuesday underscored a staggering increase of 1.56 trillion shillings ($10.8 billion) during the financial year ending June 30. This ascent […]
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...
