In a move that promises to transform Kenya’s entrepreneurial landscape, NCBA Group has renewed its strategic partnership with the African Guarantee Fund (AGF) by enhancing its credit guarantee facility to KES 3 billion for a period of 10 years. This renewed pact is designed to empower small and medium enterprises (SMEs), with a special focus […]
In the early hours of Monday, April 7, 2025, financial markets witnessed one of the most turbulent sessions in recent memory. Major indices like the S&P 500, the Dow Jones Industrial Average, and even global benchmarks were buffeted by wild swings as trade tensions and tariff escalations sent shockwaves through investor sentiment. The US economy, […]
In a climate of economic uncertainty and fiscal strain, Zimbabwe finds itself wrestling with a staggering US$1.2 billion debt owed to infrastructure contractors. This mounting arrears issue has sent ripples through the nation’s development agenda as stalled public projects—from major roadways to vital dam constructions—face delays due to liquidity challenges. Amid heightened public scrutiny and […]
Kenya is at a critical crossroads, struggling under the weight of unsustainable debt and rising fiscal pressures. National Treasury Cabinet Secretary John Mbadi recently delivered a stark assessment of the nation’s economic plight, warning that imprudent borrowing practices—especially the misuse of short-term loans to finance long-term development projects—have left the country with a debt burden […]
Goldman Sachs has raised its odds of a U.S. recession to 45%—up from 35% just a week ago. This marks the second consecutive hike in recession probability by the influential investment bank, reflecting growing anxiety over escalating trade tensions, a volatile global economy, and the uncertain outlook for U.S. economic growth. The revised forecast comes […]
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 is set to light up Abuja from August 12 to 14, 2025, as the continent’s top policymakers, business leaders, tech innovators, academics, and development partners converge to discuss how artificial intelligence (AI), robust digital infrastructure, and inclusive policies can drive Africa’s burgeoning digital economy. With projections […]
In a dramatic escalation of trade tensions, the United States has imposed a 10 percent reciprocal tariff on Kenyan exports, marking the latest move in President Donald Trump’s aggressive tariff campaign. Announced on April 3, 2025, this new tariff is part of a broader strategy by the Trump administration to recalibrate global trade relations by […]
In a dramatic statement that underscores the rising tensions between Washington and Tokyo, Japanese Prime Minister Shigeru Ishiba has described U.S. President Donald Trump’s tariffs on Japanese goods as a “national crisis.” Speaking ahead of cross-party talks aimed at mitigating the economic fallout, Ishiba’s comments came on Friday, as Japan’s economic landscape reels from sweeping […]
In a move that has sparked intense debate across the country, South Africa’s parliament approved a controversial budget framework on Wednesday, despite fierce opposition from the centre-right Democratic Alliance (DA). The budget, which includes a gradual increase in the Value Added Tax (VAT) that will see the rate rise to 16 percent by the fiscal […]
In a bold move to accelerate national development, President William Ruto has unveiled a Sh1.12 billion power project aimed at connecting over 9,000 households in Laikipia County to electricity. This announcement is part of a broader government drive to expand critical infrastructure across Kenya. During his recent visit to the region, the President not only […]
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...
