In a dramatic turn for one of the world’s most vital industries, India’s gems and jewellery sector – valued at approximately $32 billion – is bracing for a severe setback as the United States imposes a 26% reciprocal tariff on its exports. This decision, announced as part of a broader US trade strategy, has sent […]
In a significant development for global energy markets, Asia is poised to receive an additional shipment of fuel oil from Nigeria’s flagship Dangote refinery this April. This move, announced via the refinery’s latest tender, underscores Nigeria’s expanding role as a key supplier of refined petroleum products to Asia’s energy-hungry markets. With the cargo scheduled for […]
In a groundbreaking collaboration set to reshape the cultural and digital landscape of Kenya, the Nakuru County Government and Safaricom have signed a strategic deal to support investments in technology aimed at enhancing the creative sector and the arts. The partnership is designed to provide critical digital infrastructure and incentives that will empower artists and […]
In a powerful demonstration of international economic collaboration, the China-Brazil Economic and Trade Forum convened in São Paulo on March 28, 2025. The high-profile event brought together government officials, industry leaders, and business delegations from both countries, setting the stage for a new era of strengthened bilateral ties. Against a backdrop of evolving global trade […]
In a bold stride toward redefining Africa’s economic future, Afrik—a pioneering decentralized finance and governance platform—made headlines at the Global AI Summit in Rwanda. Set against the vibrant backdrop of Rwanda’s emerging digital landscape and hosted by President Paul Kagame alongside the Centre for the Fourth Industrial Revolution (C4IR), the summit gathered top leaders, policymakers, […]
In a determined move to drive economic transformation and development in one of Kenya’s most vibrant regions, President William Ruto has embarked on a development tour across Mt. Kenya. The tour—an integral part of his Bottom-Up Economic Transformation Agenda—aims to commission completed projects, inspect ongoing ones, and launch new initiatives that promise to reshape the […]
In a bold and calculated move that could reshape international trade dynamics, President Donald Trump is reportedly considering a two-step approach to imposing a new tariff regime. Sources familiar with the discussions reveal that the administration is exploring rarely used legal provisions to deploy emergency duties immediately, while simultaneously launching in-depth investigations into its trading […]
In a decisive move to help one of Africa’s smallest economies weather fiscal challenges and transition toward a more sustainable future, the African Development Bank Group (AfDB) has approved a $7.9 million grant to support São Tomé and Príncipe’s economic recovery. The funding, awarded under the Transitional Support Facility, comes as part of the country’s […]
In a landmark event that underscores the deepening economic ties between Kenya and China, the Kenya National Chamber of Commerce & Industry (KNCCI) actively participated in the China (Chongqing) – Kenya Economic & Trade Cooperation Exchange Meeting. The event, held in Chongqing—a bustling economic hub in southwest China—brought together business leaders, policymakers, and trade experts […]
In a move that has sent shockwaves through global markets and reignited simmering trade tensions, U.S. President Donald Trump announced a sweeping 25% tariff on imported vehicles, effective April 3, 2025. The measure, unveiled against a backdrop of escalating global economic uncertainty, has ignited fears of a broader trade war and is already prompting retaliatory […]
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...
