Kenya Railways is redefining the landscape of regional development through its innovative integration of modern transport solutions and revitalized rail networks. The recent introduction of a stopover for the Madaraka Express Passenger train at Voi station has sparked a notable uptick in economic activity, particularly in the Taita Taveta region. This development is part of […]
The latest data from the euro zone is painting a cautiously optimistic picture for Europe’s economic landscape. According to a preliminary composite Purchasing Managers’ Index (PMI) compiled by S&P Global and reported by Reuters, business activity in the common currency bloc grew at its fastest pace in seven months in March. The composite PMI rose […]
In a landmark move that could redefine its economic trajectory, Ethiopia has reached an agreement with its official creditors to restructure $8.4 billion of public debt. Announced on March 23, 2025, by the Ministry of Finance, the deal represents a critical step in the country’s long-standing efforts to stabilize its economy and restore financial credibility […]
In an exciting display of innovation and entrepreneurial spirit, nine startups from the inaugural cohort of the Safaricom Spark Accelerator Programme pitched their groundbreaking ideas at an investor demo day held on March 24, 2025. The event, which took place against the backdrop of Kenya’s thriving tech ecosystem, showcased a diverse array of ventures spanning […]
In a landmark move aimed at stabilizing a pivotal ally in the Arab world, the European Union has unveiled a €7.4 billion aid package for Egypt. Announced on March 24, 2025, this multifaceted financial package—comprising both grants and loans—comes at a time when Egypt faces mounting economic pressures and regional instability. The initiative, set to […]
In a bold demonstration of its commitment to fueling Africa’s economic transformation, the Tony Elumelu Foundation (TEF) has unveiled a $15 million grant program designed to empower 3,000 budding entrepreneurs across 52 African countries. Announced by TEF Founder Tony Elumelu during a high-profile event in Abuja on March 23, 2025, this initiative underscores the foundation’s […]
In a candid and thought-provoking interview on Citizen TV, National Treasury Cabinet Secretary John Mbadi warned that Kenya is burdened with an extraordinarily expensive government. According to Mbadi, the high costs of running the national administration, particularly through enormous salary payments and hefty debt servicing obligations, are choking the country’s fiscal space and slowing down […]
Outstanding government and corporate bonds have now surpassed the $100 trillion mark, according to the latest annual debt report from the Organisation for Economic Co-operation and Development (OECD). This dramatic milestone comes amid an environment of rising interest costs, complex geopolitical tensions, and mounting fiscal pressures. With central banks beginning to cut interest rates after […]
In a powerful demonstration of Africa’s commitment to a sustainable future, the African Development Bank Group (AfDB) actively participated in the third edition of Africa’s Green Economy Summit (AGES), held in Cape Town, South Africa, from 18 to 21 February 2025. Hosted by the African Union (AU), this annual summit brought together a diverse array […]
In a landmark move that underscores the growing importance of sustainable agriculture in Kenya, Proparco, the French development finance institution, together with Equity Group, has signed a groundbreaking agreement. The grant—totaling Sh141,260,000 in technical assistance—is earmarked for the implementation of the “Climate Resilient Agri-Food Systems” (CRAFS) project by the Equity Group Foundation (EGF). The initiative […]
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...
