Kenya has unveiled an ambitious and comprehensive plan to dramatically improve the efficiency and operational speed of the Port of Mombasa through a strategic partnership between the Kenya Ports Authority (KPA) and the Kenya Revenue Authority (KRA). The landmark agreement is expected to significantly ease chronic congestion, accelerate cargo clearance processes, and strengthen coordination among […]
The Dogger Bank wind farm, positioned to become the world’s largest offshore wind facility, is forecast to deliver a £6.1 billion economic boost to the United Kingdom over its operational lifetime, according to a newly released economic impact report commissioned by the project’s developers. The massive renewable energy installation, situated in the North Sea off […]
Nigeria’s economy is poised to maintain a moderate growth trajectory in the final quarter of 2025, with the Gross Domestic Product (GDP) projected to expand by 3.7 percent, according to a comprehensive economic analysis released by Cowry Asset Management. The anticipated growth reflects the measurable impacts of fiscal and monetary reforms that are beginning to […]
Trade between Kenya and the United Kingdom has entered one of its strongest phases in recent years, with the latest figures showing that total bilateral trade has surpassed Sh340 billion. The performance underscores a period of renewed commercial collaboration, investment flow, and policy alignment between the two economies following intensified diplomatic and trade engagements. The […]
Børge Brende, President of the World Economic Forum (WEF), has issued a stark warning about the potential formation of three major global economic bubbles that could reshape financial markets and trigger economic instability in the coming months. Speaking at a press conference in São Paulo, Brazil’s financial hub, Brende cautioned that artificial intelligence (AI), cryptocurrency, […]
Africa stands at the cusp of an unprecedented digital transformation, with the continent’s rapidly expanding digital economy projected to reach an impressive $1.5 trillion by 2030, according to groundbreaking projections revealed at the Mastercard Africa Edge Summit. This momentous forecast underscores Africa’s emergence as a formidable player in the global digital economy, driven by unprecedented […]
Kenya has intensified its diplomatic engagement with the World Bank as the East African nation navigates a complex economic landscape marked by mounting debt pressures, public skepticism over international lending conditions, and an urgent need for development financing. The high-stakes meeting between National Treasury Cabinet Secretary John Mbadi and World Bank Managing Director for Operations […]
The Council of the European Union has approved a substantial $1.89 billion fifth tranche of funding for Ukraine under the comprehensive Ukraine Facility program, marking a significant milestone in the EU’s ongoing commitment to support Ukraine’s economic stability and governance reforms amid the ongoing conflict. The announcement, made on November 4, 2025, comes as Ukraine […]
After seven decades of exploration, political upheaval, and corporate maneuvering, Guinea’s monumental Simandou iron ore project is finally transitioning from promise to production. Valued at $23 billion, this undertaking represents not only Africa’s largest-ever mining venture but also a potential game-changer for global iron ore markets and China’s strategic resource security. The project’s advancement signals […]
The telecommunications giant Safaricom PLC, under the leadership of its Chief Executive Officer Peter Ndegwa, has publicly committed to an ambitious KSh 30 billion (approximately US $232 million) education-investment plan that spans the next five years in Kenya. This wide-ranging initiative, branded “Citizens of the Future”, will seek to modernise infrastructure, integrate digital technologies into […]
Africa's payments ecosystem has long presented a paradox: one of the fastest-growing digital commerce markets on the planet, yet one...
Malaysia is stepping up its climate and sustainability ambitions with a bold financial strategy designed to channel billions of ringgit...
Several Chinese automakers including BYD, Forthing, Changan and GAC took center stage at Cambodia’s largest annual auto show, which opened...
Tunisia’s Ministry of Industry, Energy and Mines has launched a tender for the development of a 300 megawatt (MW) solar...
