India’s economic growth is anticipated to range between 6.3% and 6.8% in the upcoming fiscal year starting April 1, 2025, as detailed in the annual Economic Survey presented to Parliament by Finance Minister Nirmala Sitharaman. This projection follows an expected growth rate of 6.4% for the current fiscal year, marking the slowest expansion in four […]
In a move that has sparked international controversy, former President Donald Trump has announced his intention to halt U.S. aid to South Africa, citing the country’s controversial land expropriation policies. Trump’s remarks have already had significant economic repercussions, with the South African rand plunging by 2% in Asian trading on Monday, as concerns mount over […]
Introduction: A Major Boost for Kenya’s Electrification Agenda The Government of Kenya has secured a $386 million investment aimed at increasing national electricity coverage to 80%, significantly improving access to power for millions of Kenyans. Principal Secretary for Energy Alex Wachira announced this ambitious initiative, which aligns with the government’s goal of reducing reliance on […]
India’s economy is projected to grow between 6.3% and 6.8% in the 2025-26 financial year, according to early government estimates ahead of the annual budget announcement. This forecast suggests a slowdown compared to previous years, as economic activity faces multiple headwinds, including subdued domestic demand, slower corporate investments, and a weaker manufacturing sector. The economy […]
Introduction: A Major Step Toward Energy Access The Nigerian government has secured a $1.1 billion loan from the African Development Bank (AfDB) to provide electricity to 5 million people by the end of 2026. This funding is part of a broader effort to tackle Nigeria’s energy access deficit, which has long hampered economic growth and […]
The Government of Kenya, in collaboration with the International Fund for Agricultural Development (IFAD), has issued a grant worth Sh124 million to fish farmers in 15 counties across the country. This initiative is part of the Aquaculture Business Development Programme (ABDP), which aims to foster sustainable smallholder fish farming and improve the livelihoods of individuals […]
The U.S. Federal Reserve held interest rates steady during its latest meeting, signaling a cautious approach to monetary policy despite some promising signs in the economy. Fed Chair Jerome Powell’s comments after the decision made it clear that the central bank sees no immediate need to lower rates further. Instead, officials plan to remain patient […]
Namibia, a country of about three million people, has officially recorded an unemployment rate of 36.9% for the year 2023, marking a concerning increase from 33.4% in 2018. With this figure, Namibia joins the ranks of nations with some of the highest unemployment rates in the world, a statistic that raises alarm about the country’s […]
Introduction The Kenya Revenue Authority (KRA) has demonstrated resilience in the face of challenging economic conditions, collecting Sh1.243 trillion in revenue by the end of December 2024. This represents a modest growth of 4-5% over the previous year’s revenue of Sh1.189 trillion. Despite various economic hurdles, including a slowdown in GDP growth, subdued domestic demand, […]
Introduction The Georgian Economy Minister, Levan Davitashvili, on Tuesday, January 28, 2025, highlighted the significance of a newly signed $6 billion investment agreement between Georgia and a real estate group from the United Arab Emirates (UAE). The deal, finalized during a visit by Georgian Prime Minister Irakli Kobakhidze to Abu Dhabi on Monday, underscores Georgia’s […]
Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75%...
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European...
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to...
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the...