In a striking display of resilience, the economies of the Gulf Cooperation Council (GCC) are forecast to grow by 4% in 2025 despite rising global protectionism and geopolitical tensions. This upbeat projection, detailed in the latest ICAEW Economic Insight report prepared by Oxford Economics, comes at a time when many regions are grappling with uncertain […]
In a decisive move to foster a more conducive business environment, Zimbabwe’s government has announced an extensive review of taxes and regulatory fees that will be completed within the next six months. The overhaul aims to cut costs for businesses by reducing some fees by half and eliminating others entirely, as part of a broader […]
Sudan has taken a dramatic diplomatic step by suspending all imports from Kenya—a move that signals a deepening rift between the two nations. The decision comes in the wake of Kenya hosting representatives of the Rapid Support Forces (RSF) last month, during which these controversial figures signed a charter to establish a parallel government in […]
The United Arab Emirates (UAE) and the European Union (EU) are entering a new phase of economic cooperation, marked by renewed diplomatic engagement and a strategic focus on boosting trade and investment. A high-level UAE delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Ahmed Al Sayegh, Minister […]
In a sign of cautious optimism amid a challenging fiscal environment, ratings agency Moody’s expects South Africa’s coalition government to eventually forge a compromise that will allow the long-delayed budget to pass—albeit with some adjustments to contentious fiscal measures. The anticipated compromise comes as the Government of National Unity (GNU) grapples with internal disagreements over […]
Kenya announced on Monday its ambitious plan to boost its dairy product exports to nine billion Kenyan shillings—approximately $69.5 million—in 2025, a substantial jump from 7.3 billion Kenyan shillings in 2023. This bold target comes as the country works to consolidate its growing reputation as a key player in the global dairy market. The Kenya […]
Global trade reached an all-time high of $33 trillion in 2024—a record expansion of 3.7%, or an additional $1.2 trillion—according to the latest Global Trade Update by UN Trade and Development (UNCTAD). This unprecedented growth was largely driven by the services sector, which surged by 9% and contributed a whopping $700 billion—nearly 60% of the […]
In a stunning policy shift that is sending shockwaves through Rwanda’s development community, the Trump administration has announced the closure of 83 percent of USAID programs. The decision, which affects approximately 5,200 contracts worldwide—including several key initiatives in Rwanda—is already inflicting severe consequences on local humanitarian and development projects. With hundreds of jobs on the […]
Kenya and the International Monetary Fund (IMF) have reached a significant turning point in their economic engagement as formal talks on a new lending programme commence. This development comes after both sides mutually agreed to forgo the ninth review of the current $3.6 billion programme under the Extended Fund Facility (EFF) and Extended Credit Facility […]
The transatlantic economic relationship—worth an astounding $9.5 trillion annually—is now at a critical juncture as escalating tariff measures threaten to upend decades of interlinked business and investment flows. In a dramatic turn of events, the American Chamber of Commerce to the European Union (AmCham EU) has warned that the recent imposition of tariffs on steel […]
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...
