In an extraordinary display of presidential pressure on the nation’s independent central bank, U.S. President Donald Trump made a rare visit to the Federal Reserve headquarters on Thursday, engaging in a visibly tense exchange with Chair Jerome Powell. The encounter, unfolding amidst the backdrop of a multi-billion dollar renovation project at the Fed’s Washington D.C. […]
The Port of Lomé, Togo’s dynamic maritime gateway and now officially recognized as Africa’s fourth busiest container port, is rapidly emerging as a critical nexus for international trade, drawing significant and renewed attention from the United States. Positioned strategically on West Africa’s Atlantic coast, the port is being championed by U.S. officials as an indispensable […]
Kenya has officially unveiled the Kenya Digital Token (KDT), a groundbreaking initiative built on the high-performance Solana blockchain. This launch positions Kenya as a continental leader in blockchain-driven economic innovation, joining a growing list of nations exploring digital public infrastructure beyond traditional finance. While privately developed, the KDT is closely aligned with the government’s ambitious […]
A new study by the influential German Economic Institute (IW) has ignited fresh concerns across Europe, alleging that China’s persistent currency undervaluation is placing immense pressure on European companies and deepening the Eurozone’s trade deficit with the Asian economic powerhouse. As European Union leaders converge in Beijing for a critical summit aimed at navigating escalating […]
In a significant statistical overhaul, Nigeria, Africa’s most populous nation, has announced a substantial recalculation of its Gross Domestic Product (GDP), revealing an economy approximately 30% larger than previously estimated. This marks the first major statistical “rejig” in over a decade for the West African powerhouse, aiming to provide a more accurate and contemporary reflection […]
The Kenya National Bureau of Statistics (KNBS), the nation’s premier statistical agency, has officially embarked on a monumental nationwide exercise: the 2025/26 Kenya Integrated Household Budget Survey (KIHBS). In a public notice, the bureau confirmed that its highly trained officials would commence visits to selected households across the country this July. This year-long endeavor, set […]
U.S. President Donald Trump has announced a new 19% tariff rate on goods imported from the Philippines. This declaration followed what President Trump described as a “beautiful visit” by Philippine President Ferdinand Marcos Jr. to the White House. The announcement, shared via Trump’s Truth Social media platform, also stated that U.S. goods entering the Philippines […]
Nigerian billionaire Aliko Dangote, Africa’s richest man and industrial titan, has issued a stark warning: a deluge of discounted Russian petroleum products is inundating African markets, posing a significant threat to the continent’s nascent and emerging refining industry. This influx, driven by Western sanctions on Moscow, risks undermining Africa’s long-held ambition for energy self-sufficiency and […]
In a significant boost for entrepreneurship and gender equality in East Africa, Equity Bank Kenya and the International Finance Corporation (IFC) have announced a landmark partnership to bring the renowned Goldman Sachs ‘10,000 Women’ online business course to women entrepreneurs across Kenya. This collaboration, unveiled on July 21, 2025, aims to equip thousands of women-owned […]
A new wave of European Union sanctions targeting Russian crude oil, slated to take full effect on January 21 next year, is casting a long shadow over India’s thriving fuel export industry. While initially offering a temporary reprieve, the latest EU package introduces a stringent definition of “Russian-origin fuels” that could significantly complicate operations for […]
In a bold move signaling a significant shift in its domestic economic policy, the Tanzanian government has issued a directive...
The International Monetary Fund (IMF) today delivered a cautiously optimistic update to its global economic outlook, projecting revised growth rates...
In a pivotal step towards a sustainable and equitable energy future, South Africa and the African Development Bank (AfDB) have...
In a monumental boost for energy access and digital inclusion across Kenya, Sun King, a global leader in off-grid solar...
