The financial landscape of the United Arab Emirates (UAE) continues to demonstrate remarkable strength and strategic foresight, as evidenced by the latest statistical bulletin from the Central Bank of the UAE (CBUAE). During the first quarter of 2025, the CBUAE significantly boosted its gold reserves by an impressive 19.3%, underscoring a deliberate move to reinforce […]
Pretoria, South Africa – In a pivotal and highly anticipated event poised to significantly reshape the landscape for small and medium-sized enterprises (SMEs) across the Rainbow Nation, SME South Africa hosted its inaugural Funding Summit on June 12, 2025. Held at the sophisticated Empire Conference and Events Venue in Parktown, Johannesburg, this full-day summit served […]
In a significant boost to Kenya’s Technical and Vocational Education Training (TVET) sector, a German-based organization, Chancen International (CI), has announced a pioneering initiative to provide comprehensive tuition fee funding for 6,000 students across the country. This strategic intervention, revealed on June 23, 2025, aims to dismantle financial barriers, ensuring that vulnerable and low-income students […]
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 significant strategic development for both Kenya and the broader African continent, the European Bank for Reconstruction and Development...
In a significant diplomatic and trade breakthrough, China on Friday officially signaled its approval for the export of critical rare...
In a comprehensive assessment of Nigeria's economic trajectory, the African Development Bank (AfDB) has released its 2025 Nigeria Country Focus...
East Africa's leading investment powerhouse, Centum Investment Company PLC, has sent ripples across the regional financial markets with a recent...
