In a groundbreaking display of unity and determination, the World Chambers Federation (WCF) Africa Summit 2025 has emerged as a crucial platform for South Sudan to map a sustainable and inclusive economic path. Held in Nairobi and drawing over 4,500 delegates from more than 70 countries, the summit provided South Sudanese officials and businesses with […]
The European Union (EU) Delegation to Kenya has unveiled plans for the second edition of the EU-Kenya Business Forum, scheduled to take place in Nairobi on May 12 and 13, 2025. This high-profile event comes as part of the EU’s Global Gateway strategy and builds on ongoing connectivity projects in Kenya. By bringing together policymakers, […]
In a surprising reversal from previous forecasts, the UK economy expanded by 0.5% in February, significantly outpacing the anticipated 0.1% growth predicted by a poll of City economists. This unexpected surge in GDP growth is being hailed as a bright spot for the government, with figures bolstering optimism among policymakers, including Chancellor Rachel Reeves. However, […]
In a significant milestone for Somalia’s long-suffering economy, the government in Mogadishu has signed a $306.5 million debt relief deal with the Arab Monetary Fund (AMF). The agreement, announced on April 10, 2025, in a ceremony held in Kuwait, is being celebrated as a critical step forward in Somalia’s ambitious economic reform programme. This deal […]
In a bold stride toward a sustainable future, Kenya and Israel have signed a five-year Memorandum of Understanding (MoU) to collaborate on renewable energy development. The groundbreaking deal, inked by Energy and Petroleum Cabinet Secretary Opiyo Wandayi and Israel Ambassador to Kenya Michael Lotem, sets the stage for a strategic partnership aimed at enhancing human […]
In a dramatic pivot that has left global markets reeling and trade analysts scrambling for answers, President Donald Trump announced a 90-day pause on higher tariffs for most countries—even as his administration simultaneously ramped up tariffs on Chinese goods to 125%. The revised policy comes amid intense market volatility following last week’s sweeping tariff impositions […]
South Africa, Africa’s largest economy, is at a crossroads. Amid persistent infrastructural deficits—especially in energy and logistics—and sluggish economic growth, the country is grappling with a crisis that has deepened over the past decade. Chronic issues such as load-shedding and inefficient transport networks have undermined productivity, leaving the nation with stagnant growth rates, soaring unemployment, […]
The Central Bank of Kenya (CBK), in a bid to rejuvenate lending activities and bolster economic momentum amid subdued credit growth, has reduced its benchmark lending rate by 75 basis points, bringing it down to 10.00 percent. The decision, delivered during Monday’s Monetary Policy Committee (MPC) meeting, comes amid a backdrop of easing inflation, a […]
The Reserve Bank of India (RBI) announced a further cut in its key repo rate by 25 basis points, bringing it down to 6.00%. This is the second consecutive rate cut implemented by the Monetary Policy Committee (MPC) since February, marking the first rate adjustment since May 2020. Alongside the rate reduction, the RBI altered […]
The African Development Bank (AfDB) is mobilizing $2.2 billion to develop agricultural processing zones in 28 states across the country. This ambitious project is aimed at creating state-of-the-art facilities that process agricultural produce much closer to the source—directly at or near the farms—to reduce post-harvest losses, strengthen value chains, and ultimately create millions of jobs […]
In a pivotal moment for Kenya's economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills:...
In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred...
The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African...
A transformative era has dawned for chilli farmers in Kenya's coastal region with the official commissioning of a state-of-the-art Sh250...
