In a move aimed at easing the financial strain on businesses and residents, the County Government of Makueni has unveiled a series of tax reforms and relief measures. These initiatives, announced by Governor Mutula Kilonzo Jr. on Thursday, November 28, promise to bring significant economic benefits to traders, motorists, and other stakeholders within the county. […]
The Saigon River bustles with cargo ships, delivering materials to factory hubs in and around Ho Chi Minh City, Vietnam’s main financial center. Overhead, a steady stream of planes lands at the crowded airport, mirroring the frenetic activity in the city’s industrial zones. Much of this vibrancy is driven by Chinese manufacturers, who have increasingly […]
The South African Reserve Bank (SARB) has issued an optimistic update on the country’s financial stability, highlighting significant economic improvements driven by political and structural changes. Key developments such as a stabilized coalition government, reduced power outages, and the SARB’s proactive monetary policies have bolstered investor confidence. Strengthened Currency Performance Notably, the South African rand […]
Overview of the Proposed Law The Kenyan banking sector faces significant upheaval following a proposed law to increase the minimum core capital requirement for banks from Ksh. 1 billion to Ksh. 10 billion. The proposal, tabled during discussions before the National Assembly’s Finance Committee, could result in the closure of 24 banks and put the […]
Global leaders and economic analysts are responding with concern and warnings following President-elect Donald Trump’s announcement of sweeping new tariffs targeting America’s three largest trading partners—Canada, Mexico, and China. The proposed tariffs, which include 25% on goods from Canada and Mexico and 10% on Chinese imports, are intended to address illegal immigration and drug trafficking, […]
The International Monetary Fund (IMF) and Ethiopian authorities have reached a staff-level agreement to conclude the second review of the four-year, USD 3.4 billion Extended Credit Facility (ECF) arrangement. Formal approval by the IMF Executive Board would release approximately USD 251 million to Ethiopia, marking significant progress in the nation’s economic reform agenda. Ethiopia’s ambitious […]
Ride-hailing app Uber Kenya has significantly influenced the country’s economy, contributing an estimated KSh 14 billion in 2023, according to its first Economic Impact Report. Launched on November 26, 2024, at the Fairmont Norfolk Hotel in Nairobi, the report details Uber’s contributions to job creation, income generation, tourism, and more. Compiled by Public First, a […]
Emerging markets are bracing for a challenging and uncertain year ahead, with economic shifts in the United States and fluctuating growth in China shaping a complex landscape for 2025, according to JPMorgan’s annual outlook. The Wall Street bank forecasts a significant slowdown in growth across developing nations, projecting a dip from 4.1% this year to […]
Egypt and Liberia have signed a memorandum of understanding (MOU) to collaborate on aquaculture development, officials announced. The agreement, signed Monday by the Egyptian Lake Protection and Fish Resources Development Authority (LPRDA) and Liberia’s National Fisheries and Aquaculture Authority (NFAA), aims to boost sustainable development and economic integration in the fisheries sector. Strengthening African Partnerships […]
President William Ruto has established a high-level Economic Partnership Agreement (EPA) Council to oversee the implementation of Kenya’s landmark trade deal with the European Union (EU). This move marks a significant step in deepening economic ties between Kenya and the EU, creating new opportunities for trade, investment, and sustainable development. Leadership of the EPA Council […]
German Vice Chancellor and Minister of Economic Affairs, Robert Habeck, has highlighted significant opportunities for German investments in Kenya's energy...
In the latest salvo of the intensifying US-China trade war, Beijing has imposed a ban on the export of critical...
As part of its ongoing efforts to deepen economic collaboration with African nations, the Central Bank of Egypt (CBE) has...
Executives at Safaricom Ethiopia, a subsidiary of Kenya's telecommunications giant Safaricom, have expressed concerns over what they describe as "monopolistic...