In a major step towards enhancing financial connectivity and promoting intra-African trade, KCB Group in Kenya and the Bank of Kigali in Rwanda have officially integrated the Pan-African Payment and Settlement System (PAPSS) into their operations. This integration marks a significant milestone in the digital transformation of Africa’s financial services sector, enabling faster, cheaper, and […]
Stock markets across the US and Asia experienced sharp declines on Monday as investors reacted to renewed concerns about the potential economic fallout from President Donald Trump’s tariff policies. The turmoil comes amid heightened uncertainty over whether the tariffs—aimed at pressuring key trade partners—will trigger inflation, slow economic growth, and possibly even lead to a […]
In a bold move aimed at addressing widespread concerns over mismanagement and inefficiencies in the housing sector, the Nigerian House of Representatives has mandated its Committee on Public Assets to investigate the Family Homes Fund Limited. The probe comes amid growing alarm over the utilisation of N1.5 trillion (approximately $662 million) approved for the construction […]
In a landmark move to bolster Kenya’s vibrant micro, small, and medium enterprises (MSMEs) sector, the Kenya Revenue Authority (KRA) has unveiled its new Micro & Small Taxpayers (MST) Department. This strategic initiative is designed to simplify tax compliance, provide customized support, and stimulate economic growth among small businesses—a critical engine of Kenya’s economy. Under […]
US President Donald Trump has, once again, sparked debate by refusing to definitively rule out the possibility of a recession in 2025. During an interview on Fox News, Trump expressed vague reassurances amid signs of market instability, stating, “I hate to predict things like that. There is a period of transition, because what we’re doing […]
On March 10, 2025, the operational phase of the African Continental Free Trade Area (AfCFTA) was officially launched—a landmark moment poised to redefine economic integration across the continent. This pivotal event, which builds on years of diplomatic negotiations and strategic planning, signals the beginning of a new era for African trade. Leaders at the summit, […]
In a major policy shift aimed at accelerating progress toward Universal Health Coverage (UHC) and rebuilding public trust in its revamped health insurance system, Kenya’s Ministry of Health has announced significant enhancements to the Social Health Authority (SHA) benefits. The recent upgrade sees oncology care coverage per household increased by KSh 150,000—from KSh 440,000 to […]
China’s trade data for January and February has sent shockwaves through global markets as imports unexpectedly tumbled, while export momentum slowed considerably. The unexpected decline in trade activity comes as escalating tariff pressures and renewed trade war measures between the United States and China continue to cast a long shadow over the world’s second-largest economy. […]
In a significant development for bilateral economic relations, the United Arab Emirates and the Central African Republic have signed a Comprehensive Economic Partnership Agreement (CEPA) that is projected to boost trade between the two nations to over AED3.67 billion in the next five to seven years. Announced on March 7, 2025, by Dr. Thani bin […]
Last week, Kenya took a bold step toward transforming its industrial and logistics landscape with the inauguration of The Link Warehousing and Logistics Park at Tatu City in Ruiru. As the nation’s first SME logistics park with Special Economic Zone (SEZ) benefits, the facility is poised to revolutionize how small and medium enterprises (SMEs) store […]
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...
