In a significant development that underscores the evolving energy dynamics of North Africa and the broader Middle East, Algeria has successfully negotiated a $5.4 billion production-sharing agreement with Saudi Arabia’s Midad Energy to explore and develop substantial oil and gas reserves in the strategically important Illizi Basin. The landmark deal, which partners the Saudi company […]
National Treasury and Economic Planning Cabinet Secretary John Mbadi is leading Kenya’s high-level delegation to the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, scheduled to take place from Monday, October 13, 2025 to Saturday, October 18, 2025 in Washington, D.C., marking a crucial opportunity for Kenya to engage with […]
The Trump administration has executed an extraordinary $20 billion financial rescue package for Argentina, a move that critics across the political spectrum are characterizing as politically motivated rather than driven by legitimate economic necessity or clear American strategic interests. The bailout has ignited fierce debate about the appropriate use of taxpayer dollars, particularly given the […]
Nigerian business stakeholders and government officials have enthusiastically applauded President Bola Tinubu’s sweeping economic reforms following a substantial $300 billion Foreign Direct Investment (FDI) commitment from Qatari investors targeting key strategic sectors of Africa’s largest economy. The landmark commitment was announced during a high-profile reception for a delegation from Future Union Group, Qatar, led by […]
Kenya and Burundi have reaffirmed their commitment to deepening economic collaboration by enhancing bilateral trade, expanding cross-border investment, and strengthening regional cooperation, as East and Southern African leaders convene in Nairobi for the 24th Common Market for Eastern and Southern Africa (COMESA) Summit of Heads of State and Government. The renewed economic partnership was announced […]
France’s political turmoil has entered a critical new phase as Sébastien Lecornu, the country’s fifth prime minister in less than two years, announced his resignation on Monday after a mere 27 days in office, leaving the eurozone’s second-largest economy without a functioning government and its mounting debt crisis unresolved. Lecornu’s abrupt departure came after he […]
The International Monetary Fund (IMF) has uncovered a significant discrepancy in Zimbabwe’s external debt figures, revealing that the southern African nation’s debt burden exceeds official government estimates by more than $2 billion—a finding that casts serious doubt on the country’s prospects for securing desperately needed debt relief from international creditors. According to the IMF’s newly […]
NAIROBI, October 8, 2025 — Kenya stands on the threshold of regulatory history as Parliament has overwhelmingly passed the Virtual Asset Service Providers (VASP) Bill, 2025, at its third and final reading, positioning the East African nation to become one of the continent’s first countries with comprehensive cryptocurrency regulation. The legislation now awaits President William […]
BEIJING, October 8, 2025 — China’s economic trajectory has prompted the World Bank to significantly revise its growth projections upward, forecasting that the world’s second-largest economy will expand by 4.8 percent in 2025 and 4.2 percent in 2026, according to the institution’s latest East Asia and Pacific Economic Update released on Tuesday. The revised figures […]
JOHANNESBURG, October 8, 2025 — South African President Cyril Ramaphosa has taken the extraordinary step of declaring an “economic emergency,” unveiling an ambitious 10-point recovery plan alongside the establishment of a dedicated “Economic War Room” within the Presidency as Africa’s most industrialized nation confronts converging crises threatening economic stability and social cohesion. The dramatic announcement […]
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
n a significant geopolitical and economic development, the United States and Australia have announced a comprehensive critical minerals agreement that...
