In a significant development, the European Commission has given its nod to Kenya’s Economic Partnership Agreement (EPA) with the European Union. This move is a crucial step towards granting Kenyan goods duty-free access to the vast European market. The European Commission, responsible for negotiating trade deals on behalf of the EU, has formally endorsed the […]
In a noteworthy announcement, the International Monetary Fund (IMF) has highlighted a concerning financial consequence tied to climate change action. According to the IMF’s latest study, countries globally are on track to witness a substantial increase in their national debts by 2050, potentially reaching 45 to 50 percent of their GDP. This impending fiscal challenge […]
South Africa’s Department of Forestry, Fisheries, and the Environment has given its nod to TotalEnergies for offshore drilling operations targeting natural gas and oil reserves. This decision comes following the dismissal of an appeal by various individuals and interest groups who had raised concerns about the project. The rejected appeal aimed to stop TotalEnergies from […]
In a recent report, Barclays Plc has warned that global bonds are poised for continued decline unless a significant downturn in equities sparks renewed interest in fixed-income assets. Analysts at the bank, led by Ajay Rajadhyaksha, assert that there is no magic yield level that can automatically attract enough buyers to initiate a sustained bond […]
Kenya has taken a significant step toward enhancing economic stability within the African continent by formally joining the Pan African Payments and Settlement System (PAPSS). Trade Cabinet Secretary Moses Kuria made this announcement highlighting the pivotal implications of this move. The primary benefit of Kenya’s inclusion in PAPSS is that it now enables Kenyan companies […]
Egypt’s financial markets were sent into turmoil today as global financial giant Morgan Stanley downgraded the nation’s sovereign credit rating. This significant move stems from a combination of factors that have sparked concerns among international investors. One primary reason behind Morgan Stanley’s decision is the upcoming presidential election in Egypt, which has introduced a high […]
In a significant move towards bolstering regional financial stability, the Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Egypt (CBE) have formally entered into a bilateral currency swap agreement worth more than $1 billion. This strategic collaboration announced on Thursday, stands as a testament to the strengthening economic ties between […]
Kenya is facing a substantial increase in interest payments on its loans, driven by a weakening shilling. The National Treasury expects these payments to rise sharply, reaching Ksh 918.9 billion for the fiscal year ending June 2024. This marks a significant 33.7 percent increase from the previous year’s Ksh 687.3 billion. The key factors contributing […]
The 10-year Treasury yield witnessed a remarkable spike, reaching its highest level in 16 years, briefly hitting nearly 4.57% before settling at 4.51%. This surge was triggered by increasing speculation surrounding the Federal Reserve’s upcoming interest rate decisions and comments made by JPMorgan’s CEO, Jamie Dimon. The main driver behind this abrupt surge in yields […]
United Bank for Africa (UBA), a leading pan-African financial institution, has unveiled a substantial $6 billion initiative aimed at bolstering the growth of Small and Medium Enterprises (SMEs) across the continent. UBA, known for its global presence with offices in the UAE, New York, London, and Paris, issued a statement on Monday outlining its plan […]
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...
