The International Monetary Fund (IMF) has sounded a clear alarm: escalating military action by the United States against Iran carries the serious risk of amplifying global economic uncertainty, with potential reverberations extending far beyond the immediate sphere of energy markets. Speaking to Bloomberg on Monday, June 23, 2025, IMF Managing Director Kristalina Georgieva emphasized that […]
A new chapter is unfolding in East Africa’s ambitious quest for modern infrastructure and enhanced regional trade. On parallel tracks, Uganda is signaling the imminent start of its Standard Gauge Railway (SGR) construction from Malaba to Kampala, backed by significant funding from the Islamic Development Bank (IsDB) and a consortium of lenders. Meanwhile, neighboring Kenya […]
Kenya’s economic resilience continues to be underpinned by the unwavering support of its vast diaspora, as remittances hit a remarkable US$440.08 million in May 2025. This figure represents the second-largest monthly inflow ever recorded, narrowly trailing the December 2024 peak of US$445.39 million, signalling robust and consistent growth from Kenyans living and working abroad. The […]
A deepening crisis in the Middle East, fueled by recent US military strikes on Iran’s nuclear facilities, has brought the world to the brink of a potentially devastating economic shock. Iran’s renewed threat to close the Strait of Hormuz, one of the planet’s most vital maritime chokepoints, could send global oil and gas prices spiraling, […]
The Economic Community of West African States (ECOWAS) is embarking on a decisive journey to redefine its economic future, with regional leaders reaffirming a steadfast commitment to reshaping economic diplomacy and forging a truly integrated and prosperous West Africa. At the heart of this renewed resolve is a clear recognition that the region’s long-standing narrative […]
In a momentous step marking a new era for Kenya’s maritime industry and regional connectivity, the construction of a state-of-the-art 29-metre ferry has officially commenced at the Kisumu Shipyard. This ambitious undertaking, a collaborative effort between Kenya Shipyards Limited (KSL) and Bangladesh-based Karnafuly Ship Builders Limited, is set to revolutionize passenger and vehicle transport across […]
Benchmark Chicago Board of Trade (CBOT) wheat futures experienced a significant rally on Wednesday, surging by more than 4%. This sharp upward movement was primarily driven by mounting weather concerns impacting key growing regions in the United States and Europe, coupled with fresh signals of robust global export demand. The confluence of these factors triggered […]
In a powerful testament to its escalating commitment to Africa’s economic development, China has significantly intensified its engagement with the continent, injecting more than US$22.85 billion in fresh investments and funding within the first five months of 2025 alone. This unprecedented financial flow coincides with a record-high trade volume of US$134 billion between China and […]
In a significant announcement that reverberates across Kenya’s financial landscape, the Central Bank of Kenya (CBK) has unveiled a pivotal change to the country’s banking operations. Effective July 1, 2025, the working hours for the Kenya Electronic Payment and Settlement System (KEPSS), the nation’s Real-Time Gross Settlement (RTGS) system, will be dramatically extended from its […]
The U.S. central bank, the Federal Reserve, announced today its decision to maintain the benchmark overnight interest rate at its current range of 4.25%-4.50%. While policymakers still project potential rate cuts later in 2025, Federal Reserve Chair Jerome Powell issued a stark warning: the looming threat of new import tariffs by the Trump administration is […]
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...
