The United States officially assumed the presidency of the Group of 20 major economies on December 1, 2025, signaling a dramatic shift in priorities for the world’s premier forum for international economic cooperation. The transition comes amid unprecedented diplomatic friction with outgoing host South Africa, marking one of the most contentious presidential handovers in the […]
A groundbreaking industrial partnership between Egypt and Saudi Arabia is poised to reshape the medical supply landscape across the Middle East and North Africa region. The initiative, centered on localizing hemodialysis filter manufacturing, represents a significant step toward achieving medical self-sufficiency and reducing dependency on imports in critical healthcare supplies. Saudi Deputy Minister of Industry […]
Kenya has officially cemented its position as a rising force on the global economic landscape, making a landmark debut in the International Institute for Management Development (IMD) World Competitiveness Ranking (WCR) 2025. The results, published by the IMD World Competitiveness Center, have placed Kenya as Africa’s Most Competitive Economy, securing the 56th position globally out […]
India’s latest quarterly growth figure has significantly surpassed even the most optimistic forecasts, positioning the nation as the world’s fastest-growing major economy. For the July–September quarter of Financial Year 2026 (Q2 FY26), the economy expanded by a staggering 8.2% in real terms year-on-year (YoY), marking the fastest pace recorded in six quarters, according to data […]
The global discourse on economic development is witnessing a seismic shift, nowhere more acutely than in Africa. This pivot was the central theme as international and local economic policy leaders converged in Nairobi for a high-level, three-day Research and Policy Summit hosted by the African Economic Research Consortium (AERC). The gathering, held under the ambitious […]
Kenya has officially launched a transformative $1.5 billion highway expansion project with two Chinese state-owned firms, marking a significant realignment in the country’s infrastructure financing strategy following the collapse of U.S.-backed development initiatives. The groundbreaking ceremony held on Friday represents Beijing’s return to major infrastructure development in East Africa after years of cautious lending, while […]
Prime Minister Mark Carney signed a landmark memorandum of understanding with Alberta Premier Danielle Smith on Thursday that fundamentally reshapes Canada’s approach to energy development and climate policy, scrapping several signature environmental regulations implemented under his predecessor Justin Trudeau in exchange for commitments to strengthen industrial carbon pricing and advance what would be the world’s […]
Senegal’s financial credibility has collapsed under the weight of a massive hidden debt scandal that has exposed billions of dollars in unreported liabilities, triggered multiple credit downgrades, frozen international lending programs, and sparked an increasingly contentious standoff between the West African nation’s new government and the International Monetary Fund over how to resolve the crisis. […]
Mars Wrigley has unveiled a transformative $33 million investment in its Kenyan operations, launching a state-of-the-art sugar-free gum production line at its Athi River facility that marks a strategic break from the confectionery giant’s long-standing reliance on European manufacturing. The Sh4.3 billion commitment over the next three years represents a significant vote of confidence in […]
The European Commission has announced plans to provide financial assistance in 2026 to Baltic countries and Finland that have suffered collateral economic damage from the European Union’s extensive sanctions regime against Russia. The initiative, led by Regional Commissioner Raffaele Fitto, aims to revitalize economies that have been particularly hard hit by the downturn in tourism […]
In a groundbreaking shift in foreign health assistance architecture, Kenya has become the first country to sign a comprehensive Health...
Argentina is confronting an unprecedented tourism crisis that threatens to drain up to $13 billion from the country's foreign currency...
A landmark regional fisheries initiative has transformed aquatic resource management across Southern Africa, improving the lives of nearly three million...
The Kenyan government has finalized a landmark sale of its 15 percent stake in Safaricom PLC to Vodafone Kenya Limited...
