Kenya has taken a significant step towards bolstering fiscal transparency and prudent debt management by replacing its former numerical debt ceiling with a new limit set at 55% of the country’s Gross Domestic Product (GDP). This strategic change aims to address mounting concerns surrounding Kenya’s escalating debt burden. The enactment of this change came as […]
The Suez Canal Authority has announced plans to adjust transit fees for different vessel categories, with an upcoming 15% increase for petroleum and natural gas carriers and a 5% rise for dry bulk vessels. These changes are scheduled to take effect in mid-January 2024. In a bid to maintain the Suez Canal’s economic viability, the […]
Leaders from across the globe have gathered in Beijing for the Third Belt and Road (BRI) Summit, marking a significant juncture in China’s ambitious infrastructure initiative. Launched a decade ago with grand aspirations of bridging the East and West through massive projects, the BRI has faced headwinds and shifting priorities. Initially hailed for its potential […]
In a significant policy shift, Kenyan President William Ruto has revealed plans to construct 250,000 low-cost homes annually under his housing program. These homes will be divided into social, affordable, and market categories. Under the guidance of President Ruto and the State Department for Housing and Urban Development, these low-cost housing developments will offer a […]
In an attempt to address the pressing issue of surging inflation, the Pakistani government, led by caretaker Prime Minister Anwaar ul Haq Kakar, has implemented a bold plan involving substantial fuel price reductions and the initiation of a price-control mechanism. Pakistan’s economic recovery journey is at a critical juncture, with the nation operating under a […]
Nigeria’s annual inflation surged to 26.72% in September, up from 25.8% the previous month, as reported by the country’s Bureau of Statistics today. The primary drivers of this spike were identified as food and non-alcoholic beverages, causing significant financial strain on consumers. The catalyst for this latest inflationary surge can be traced back to President […]
In a positive economic development for Kenya, the nation’s trade deficit for the first eight months of 2023 has shown substantial improvement, with a notable reduction of Sh108 billion. This significant decline in the trade deficit can be attributed to decreased spending on materials for factories, machinery for infrastructure projects, and fuel imports. Official provisional […]
In a pivotal development at the annual IMF and World Bank meetings, U.S. Treasury Secretary Janet Yellen has conveyed optimism regarding a significant shift in the International Monetary Fund’s (IMF) lending resources. This plan, endorsed by the United States, seeks to establish a more balanced approach to quota-based lending resources within the IMF, reducing its […]
Zambia has reached a pivotal milestone by successfully negotiating a debt agreement with its foreign creditors. The official announcement was made during the IMF-World Bank annual meeting in Marrakesh, Morocco, signifying a major step toward the country’s financial recovery. Zambia faced a challenging financial journey, being the first African nation to default on its debt […]
In a strategic move to address concerns regarding its $2 billion 2024 international bond, Kenya is set to repurchase a substantial portion before year-end. Central Bank Governor Kamau Thugge unveiled this initiative during an exclusive interview with Reuters, emphasizing Kenya’s proactive approach to managing its fiscal responsibilities. Kenya is actively negotiating with the Trade & […]
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...
