In a decisive move aimed at transforming its automotive landscape, South Africa is set to invest R1 billion (approximately $54.27 million) to support the local production of new energy vehicles (NEVs) and batteries, along with related manufacturing projects. Announced by the National Treasury on March 14, 2025, this strategic initiative is designed not only to […]
Kenya is at a critical crossroads in its fight against HIV. With key drugs rapidly depleting and several HIV clinics forced to close, the country now urgently requires an additional Sh5.24 billion to sustain its HIV response until June. Over the longer term, Kenya will need Sh13.5 billion for the 2025/2026 fiscal year. This desperate […]
President Trump’s sweeping tariffs on imported steel and aluminum went into effect Wednesday, marking the latest move in a controversial trade policy that has already sparked significant international backlash and set the stage for an escalating global trade war. The administration’s decision to impose a 25 percent tariff on metal imports from every country supplying […]
In a stark warning of a deepening humanitarian and economic crisis, the World Bank has projected that South Sudan will experience universal poverty in 2025. According to its latest “South Sudan Economic Monitor” report, the combination of a steep decline in oil production, severe external shocks, skyrocketing inflation, and the aftermath of natural disasters is […]
The Energy and Petroleum Regulatory Authority (Epra) is finalizing its review of a groundbreaking deal that could reshape East Africa’s power trade. The agreement involves transporting 100MW of electricity from Ethiopia to Tanzania, with Kenya’s transmission infrastructure playing a pivotal role in the transit. If approved, the deal will mark another milestone in the region’s […]
Moody’s Ratings on Wednesday projected that India’s economic growth will surpass 6.5% in the next fiscal year (FY26), up from 6.3% in FY25. The upbeat outlook is anchored in a combination of higher government capital expenditure, consumption support through tax cuts, and monetary easing by the Reserve Bank of India (RBI). This forecast comes on […]
Africa’s economic recovery appears set to continue, with the United Nations Economic Commission for Africa (UNECA) projecting that the continent’s gross domestic product (GDP) growth will rebound to 3.8% in 2025 and further accelerate to 4.1% in 2026. The report, released during the 57th session of the Economic Commission for Africa: Conference of African Ministers […]
In a decisive move to transform Kenya’s economic landscape and foster gender equality, the Cabinet has approved the National Policy on Women’s Economic Empowerment. This landmark initiative aims to dismantle systemic barriers, create an enabling environment for women entrepreneurs, and drive sustainable development across the country. Aligned with Kenya’s Constitution, Vision 2030, and the Bottom-up […]
In a dramatic escalation of the global trade and economic conflict, former President Donald Trump is spearheading a new initiative aimed at curbing China’s near-monopoly in the shipbuilding industry. The administration’s proposal to impose steep levies on Chinese-made container ships arriving at U.S. ports is not only a direct challenge to Beijing’s dominance but also […]
In a landmark move aimed at deepening regional integration and boosting economic resilience, the Economic Community of West African States (ECOWAS) Commission and the West African Institute for Financial and Economic Management (WAIFEM) have reaffirmed their commitment to collaborative reform. This partnership seeks to enhance financial governance, promote sustainable growth, and prepare the region for […]
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...
