The influential OPEC+ alliance has announced a significant decision to increase its collective oil production by 547,000 barrels per day (bpd) in September. This move, confirmed in a statement released on Sunday, signals the group’s confidence in improved global economic prospects and what it describes as “stable market fundamentals.” The decision marks the final stage […]
South Africa is bracing for a significant economic blow as a 30% tariff on its exports to the United States is set to take effect next week. This punitive measure, announced in an executive order by U.S. President Donald Trump, follows South Africa’s failure to secure a favorable trade deal before a critical deadline. The […]
After nearly a year of welcome subdued inflation, Kenya’s consumer prices are once again on an upward trajectory, raising significant concerns about the hard-won economic gains and the durability of recent interest rate cuts. The latest data reveals a worrying trend: Kenya’s inflation rate rose to 4.1% in July 2025, marking a three-month high and […]
In a move that sent immediate ripples across international markets and diplomatic circles, U.S. President Donald Trump today escalated his “America First” trade agenda, slapping steep tariffs on exports from dozens of trading partners, including key allies and economic powerhouses like Canada, Brazil, India, and Taiwan. This aggressive push, coming just ahead of a self-imposed […]
In a landmark economic revelation, Nigeria’s real estate sector has officially surpassed crude oil and natural gas to become the third-largest contributor to the nation’s Gross Domestic Product (GDP). This significant shift, unveiled through the recent rebasing of Nigeria’s GDP figures, signals a profound reorientation of the country’s economic landscape, moving beyond its traditional reliance […]
In a significant boost for Kenya’s vibrant but often underserved business landscape, Family Bank has announced it has secured a Ksh 2.6 billion (approximately $20 million USD) trade finance facility from the British International Investment (BII). This crucial injection of capital is specifically earmarked to expand lending to Kenyan businesses, with a keen focus on […]
The United States central bank, the Federal Reserve, announced on Wednesday that it would hold its benchmark interest rate steady, maintaining the federal funds rate within the 4.25%-4.50% range for the fifth consecutive meeting. This decision, while widely anticipated by many analysts, immediately dampened market expectations for a rate cut as early as September, a […]
The International Air Transport Association (IATA), the global trade association for the world’s airlines, has issued a powerful call to action for African governments: prioritize aviation as a fundamental engine for economic expansion, robust job creation, and transformative social progress across the continent. This urgent appeal underscores the sector’s immense, yet often untapped, potential to […]
In a bold move signaling a significant shift in its domestic economic policy, the Tanzanian government has issued a directive effectively banning Kenyans and other foreign nationals from engaging in 15 specific business activities. These sectors, traditionally dominated by small and medium-sized enterprises (SMEs), are now exclusively reserved for Tanzanian citizens. The directive aims to […]
The International Monetary Fund (IMF) today delivered a cautiously optimistic update to its global economic outlook, projecting revised growth rates of 3.0% for 2025 and 3.1% for 2026. This marks an upward revision from its previous forecasts in the April 2025 World Economic Outlook (WEO), signaling a more favorable, albeit still fragile, global economic environment. […]
Kenya's fiscal deficit is projected to widen by 10.23 percent in the 2026/27 financial year (FY), signaling renewed pressure on...
Financial markets are experiencing a significant shift as the benchmark US 10-Year Treasury Yield has decisively fallen below the critical...
A comprehensive demographic research study conducted by the International Labour Organisation (ILO) has revealed alarming statistics about Nigeria's employment landscape,...
Africa's electric mobility story has long been characterized by unfulfilled promise rather than tangible progress. Infrastructure remains scarce across the...
