The Kenya Revenue Authority (KRA) has recorded a stunning 256.7 % increase in tax collections at Kisumu Port for the 2024/25 fiscal year, up to Kenyan Shilling 107 million from Sh30 million prior year. (KRA) The surge is attributed primarily to tighter surveillance by the KRA’s Marine Unit, the closure of revenue loopholes along Lake […]
In a dramatic turn of events at the Asia‑Pacific Economic Cooperation (APEC) summit in Busan, South Korea, U.S. President Donald Trump and Chinese President Xi Jinping emerged from a tête-à-tête described by Trump as an “amazing meeting,” announcing a significant recalibration of sweeping tariffs on Chinese imports. Under the deal, tariffs that had surged to […]
South Africa’s long-running conversation about preparing young people for the digital economy has moved decisively from pilots to national scale. Microsoft South Africa, working with Germany’s international cooperation agency GIZ and in coordination with South Africa’s higher-education authorities, has launched Ikamva Digital—a learning platform designed to put industry-aligned, mobile-first training in the hands of students, […]
Kenya’s electricity sector has reached a critical juncture as the nation recorded unprecedented peak demand of 2,411.98 megawatts (MW) and the highest-ever daily energy consumption of 44,122.60 megawatt-hours (MWh) on Friday, October 24, 2025. This milestone, while indicative of robust economic growth and expanding electricity access, has simultaneously exposed a concerning vulnerability in Kenya’s power […]
The Federal Reserve announced a quarter-point reduction to its benchmark interest rate on Wednesday, bringing the federal funds rate to a range between 3.75% and 4%—the lowest level in three years. However, this latest monetary policy decision was marked by extraordinary complications, including the absence of critical economic data due to an ongoing government shutdown […]
The United Arab Emirates has solidified its position as one of Africa’s most strategic economic partners, ranking fourth globally in continental investments behind only the United States, China, and the European Union. Between 2019 and 2023, Emirati companies invested more than $110 billion in new projects across Africa, positioning the nation as a transformative force […]
President William Ruto has unveiled an ambitious infrastructure development plan that will see the Nairobi-Nakuru-Mau Summit Highway extended to cover major towns in western Kenya, including Kericho, Kisumu, Eldoret, and Busia. The announcement comes amid intensifying public discourse over the Public-Private Partnership (PPP) model being employed to finance what is set to become one of […]
In a significant policy announcement that has captured the attention of global financial markets, the People’s Bank of China (PBOC) has revealed plans to resume its treasury bond purchase operations in the open market, marking a strategic pivot in the country’s monetary policy approach. The announcement, delivered by PBOC Governor Pan Gongsheng during the Annual […]
In a landmark achievement for African climate resilience, Mozambique has received a $2 million insurance premium for drought protection covering the 2025-2026 agricultural season, representing the country’s third consecutive year of coverage under the African Development Bank’s Africa Disaster Risk Financing Programme (ADRiFi). The announcement, made during the 2025 Climate and Disaster Risk Financing Forum […]
Kenya is embarking on a transformative journey to unlock the vast economic potential of its ocean resources through the development of an ambitious National Marine Spatial Plan (MSP), a comprehensive 20-year strategic framework that promises to revolutionize how the country manages and benefits from its marine and coastal assets. The groundbreaking initiative, which received Cabinet […]
Kenya’s monetary policy cycle has entered a defining phase. The Central Bank of Kenya (CBK) has lowered its benchmark rate...
In a development that signals a deeper convergence between traditional finance and digital assets, Binance, the world’s largest cryptocurrency exchange...
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
