Russia’s central bank has made a bold move to address the alarming collapse of the rouble, the country’s currency. In an unexpected decision, the bank has raised its key interest rate by a significant 3.5 percentage points, bringing it to 12 percent. This step aims to quell the recent slide of the rouble, which had […]
In a groundbreaking move set to redefine the copper export landscape, Ivanhoe Mines has announced a momentous memorandum of understanding (MOU) between Kamoa Copper S.A. and Lobito Atlantic International SARL. This heralds the commencement of exporting Kamoa-Kakula’s copper concentrate through the Lobito Atlantic Rail Corridor, marking a significant milestone in both export logistics and regional […]
Safaricom, a pioneering force in Kenya’s telecommunications and financial sectors, has received a green light from the Central Bank of Kenya to usher in a new era of M-PESA capabilities. Starting August 15, 2023, M-PESA users can revel in expanded account and daily transaction limits of KSh. 500,000. This strategic move is projected to energize […]
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 […]
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...
