The International Monetary Fund (IMF) has offered a pragmatic solution to address the mounting debt crisis in developing economies, particularly Malawi. The IMF’s recommendation comes after observing a concerning trend of escalating public debt in these nations over the last decade. In response to this growing crisis, the IMF has proposed a set of targeted […]
Kenya has reported a notable drop in its import expenditure for the first time since the COVID-19 pandemic, reflecting reduced spending on critical supplies such as factory materials, machinery, and fuel, according to official data. Between January and July this year, traders spent Ksh 1.43 trillion on foreign goods, down from Ksh 1.46 trillion during […]
The Organisation for Economic Development (OECD) has released its updated global economic growth outlook, revealing a complex tapestry of shifting dynamics. In a surprising turn, the OECD has upwardly revised its 2023 global Gross Domestic Product (GDP) growth forecast to 3.0%, up from the earlier 2.7% estimate provided in June. This unexpected boost is primarily […]
The African Development Bank (AfDB) and the South Korean Government have solidified their commitment to African development with a $28.6 million financial partnership. This collaboration is an extension of the Korea-Africa Energy Investment Framework, initiated in 2021, which has already provided $600 million in co-financing to bolster African nations’ human capacity and energy sectors. In […]
Encouraging news for Kenya’s economic outlook as the Parliamentary Budget Office releases its report projecting a 5.5 percent growth in the GDP for 2023, up from the 4.8 percent recorded in 2022. The anticipated expansion is driven by several key factors, chiefly the reduced cost of living and a rejuvenated agricultural sector. A significant catalyst […]
The International Monetary Fund (IMF) revealed in its latest update to the Global Debt Database that global debt as a percentage of economic output experienced a notable decrease in 2022. This marks the second consecutive year of decline, following strong growth and unexpected inflation trends. However, caution is warranted, as experts anticipate a potential reversal […]
Rwanda has taken a significant step towards diversifying its energy portfolio and reducing its reliance on fossil fuels by signing a crucial agreement with the German-Canadian start-up, Dual Fluid Energy, to construct an experimental civil nuclear reactor. According to Dual Fluid Energy’s CEO, Gotz Ruprecht, this cutting-edge reactor, set to undergo testing by 2026, is […]
Morocco is currently dealing with the aftermath of a devastating earthquake that struck on Friday, with initial assessments indicating that the nation’s Gross Domestic Product (GDP) could face damage equivalent to 8 percent according to the United States Geological Survey (USGS). The survey has expressed serious concerns about the widespread destruction and extensive economic losses […]
Recent data from the Bank of England’s quarterly survey reveals that residential mortgages in the UK have hit a seven-year high in arrears, totaling £16.9 billion in the three months leading up to June 2023. This figure reflects a notable 28.8% increase compared to the same period in the previous year. This concerning surge in […]
In a significant move towards sustainability, the UAE Carbon Alliance has unveiled plans to invest $450 million in African carbon credits by 2030. This strategic investment follows a non-binding Letter of Intent signed between the UAE Carbon Alliance and the Africa Carbon Markets Initiative’s (ACMI) Advance Market Signal during the COP27 summit in 2022. The […]
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...
