In a move met with mixed reactions and public protests, Tanzania’s government officially signed a port management agreement with DP World, a Dubai-based logistics giant, on Sunday. The deal, endorsed in the presence of Tanzania’s President, Samia Suluhu Hassan, aims to enhance trade with neighboring landlocked countries and expedite operations at the nation’s largest port, […]
The US financial landscape has witnessed a significant milestone, as the yield on the benchmark 10-year U.S. Treasury note surged past the 5.0% threshold. This achievement hasn’t been seen since July 2007, and it comes on the heels of a notable but short-lived attempt last week. The 10-year Treasury bond, long-regarded as a safe haven […]
The Kenyan shilling, struggling under the weight of economic challenges, plunged to an all-time low, reaching 150 shillings to the US dollar on Monday. This depreciation has exacerbated existing problems, including soaring inflation rates and the implementation of new taxes, burdening Kenyan citizens. The shilling’s decline has been a consistent trend over recent years, with […]
S&P Global Ratings downgraded Egypt’s sovereign credit ratings. Egypt’s long-term foreign and local currency credit ratings have been lowered from “B” to “B-” with a stable outlook. The decision, communicated through an official statement on October 20th, is attributed to persistent delays in implementing essential monetary and structural reforms in the North African nation. The […]
Sri Lanka has taken a significant step towards economic recovery as the International Monetary Fund (IMF) announced the approval of a $330 million disbursal. This comes as part of a $3 billion loan agreement aimed at addressing the nation’s ongoing economic crisis. The IMF’s decision follows the successful completion of the first review of the […]
Kenya’s International Freight and Warehousing Association (Kifwa), representing cargo handlers, is implementing a strategic shift to counteract price undercutting and enhance earnings. The core of this strategy is the introduction of minimum service fees, set to be enforced from December 1, 2023. While this move aims to mitigate inflation’s impact, it will inevitably lead to […]
As geopolitical risks ripple across the world, Brazil’s economic outlook and, consequently, its credit score are increasingly influenced by the successful implementation of a new fiscal framework, according to Moody’s Investors Service. Despite global concerns, the domestic progress of the Brazilian economy remains the pivotal factor shaping the nation’s creditworthiness, stated senior analyst Samar Maziad […]
The Bank of Israel signaled a measured stance on reducing interest rates, expressing concerns about the potential for inflation and the impact on the shekel. This comes as Israel grapples with ongoing regional tensions, including the recent conflict with Hamas in Gaza. Interest rates have seen a significant rise, increasing from a mere 0.1% to […]
Kenya’s Petroleum Development Levy (PDL) faced a substantial decline in collections, falling by almost Sh1 billion for the fiscal year that concluded in June. The slump can be attributed to reduced consumption of super petrol and diesel, influenced by steadily rising fuel prices. Official data from the Ministry of Energy and Petroleum reports that the […]
Johannesburg, South Africa – Inflation in South Africa exhibited a notable uptick in September, primarily propelled by surging food and fuel prices, with transport costs also playing a contributing role. According to data released by Statistics South Africa, headline consumer inflation rose from 4.8% in August to 5.4% year-on-year in September. This has created new […]
Kenya's agriculture sector — the engine that directly powers 22.5% of the nation's GDP, employs more than 40% of its...
When Sanae Takaichi secured Japan's largest Lower House election victory since World War Two on February 8, 2026, financial markets...
On the morning of February 18, 2026, the Nigerian Exchange Limited quietly rewrote the rules of its own market. For...
The clock is ticking louder than the government had hoped. Kenya Pipeline Company's landmark Initial Public Offering — billed as...
