Kenya has emerged at the forefront of a transformative economic development with the confirmation of its largest gold discovery in decades, a massive deposit valued at approximately Sh683 billion (US$5.29 billion) located in Kakamega County. The announcement by Shanta Gold Limited, a British mining firm listed on the London Stock Exchange, represents a watershed moment […]
India is poised to maintain its position as the world’s fastest-growing major economy, with Moody’s Ratings projecting a steady growth rate of 6.5% through 2027, according to the agency’s latest Global Macro Outlook 2026-27 report released on Wednesday. This optimistic forecast comes despite mounting concerns over potential U.S. tariff policies and persistent global economic uncertainties […]
Nigeria has taken a decisive step toward cementing its position as a digital economy leader in Africa with the advancement of the National Digital Economy and e-Governance Bill 2025 at a landmark public hearing held at the National Assembly Complex in Abuja. The joint session, convened by the Senate and House of Representatives Committees on […]
The United Bank for Africa (UBA) Group has made a landmark commitment of Sh19 billion ($150 million) to Kenya’s ambitious Road Infrastructure Securitisation Programme, marking a significant milestone in the nation’s quest to modernize its transport network and strengthen regional trade corridors. This substantial investment, announced during a high-profile meeting between President William Ruto and […]
In a landmark collaboration aimed at reshaping the global tourism landscape, the Ministry of Tourism of Saudi Arabia and the World Economic Forum announced the launch of Beyond Tourism on November 12, 2025. This ambitious multi-sector initiative seeks to transform the international tourism industry through coordinated, measurable action focused on sustainability, social inclusion, and economic […]
South Africa’s National Treasury has unveiled a significant strategic pivot in its debt management approach, signaling an increased reliance on the domestic bond market to address a mounting wave of maturing debt obligations. The announcement, detailed in the medium-term budget policy statement released on Wednesday, reflects the government’s efforts to navigate complex fiscal challenges while […]
The global debt landscape is undergoing a seismic shift as developing nations from Kenya to Sri Lanka increasingly turn their backs on traditional dollar-denominated loans in favor of Chinese yuan financing. While the immediate cost savings appear attractive, the International Monetary Fund has issued a stern warning about the potential long-term currency risks that could […]
Buenos Aires – In a revelation that ended days of speculation among economists and financial analysts, United States Treasury Secretary Scott Bessent confirmed on Tuesday that Argentina has activated the controversial US$20 billion currency swap line established by the Trump administration to stabilize the South American nation’s volatile peso. The announcement, made during an interview […]
In a significant diplomatic and economic development, Egypt has taken concrete steps to deepen its comprehensive strategic partnership with China through a high-level knowledge exchange program that brought together government officials from both nations. The initiative represents a pivotal moment in bilateral relations, marking the operational activation of a crucial agreement signed earlier this year […]
Kenya’s government has taken a major step toward restoring momentum in its road and transport infrastructure development by settling KSh 93 billion in long-standing arrears owed to contractors across the country. The payments were facilitated through part of a KSh 104 billion syndicated loan sourced from commercial banks, which served as a bridge facility while […]
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
Across Nigeria, Ghana, Kenya, and Uganda, a clear investment message is emerging: property has become the most preferred asset class,...
China’s government bond market has entered a critical phase, with the yield on the country’s benchmark 10-year sovereign bond slipping...
