The United States labor market delivered a robust performance in June, with job growth surpassing economists’ forecasts and the unemployment rate unexpectedly dipping. This latest data, released by the Labor Department’s Bureau of Labor Statistics (BLS) in its closely watched employment report on Thursday, paints a picture of resilience, potentially reshaping the Federal Reserve’s timeline […]
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone for this continental shift. A new benchmark study, the ADCA INSIDER SURVEY 2025, unveiled by the Africa Data Centres Association (ADCA) during the recent Data Centres in Africa event in Johannesburg, reveals an optimistic outlook: […]
The International Monetary Fund (IMF) has wrapped up a crucial two-week governance scrutiny mission in Kenya, a pivotal exercise aimed at bolstering the integrity and efficiency of public offices. Conducted from June 16 to 30, 2025, the review sought to meticulously identify weaknesses in governance and pinpoint corruption vulnerabilities that could significantly impede Kenya’s economic […]
In a dramatic late-night session, the U.S. Senate Republicans have narrowly passed President Donald Trump’s colossal tax-cut and spending bill, setting the stage for a contentious final battle in the House of Representatives. The legislation, a cornerstone of the Trump administration’s economic agenda, aims to slash taxes, significantly reduce social safety net programs, and boost […]
The robust economic ties between Egypt and Germany continue to strengthen, with their bilateral cooperation portfolio now reaching an impressive €1.6 billion (approximately $1.74 billion). This significant figure, announced by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr. Rania Al-Mashat, underscores a deepening strategic partnership aimed at fostering sustainable economic development across a […]
The financial pulse of East Africa is beating with a mix of historic achievements, profound digital transformations, and critical institutional challenges. From Kenya’s record-breaking foreign exchange reserves to Tanzania’s surging digital payments and Uganda’s central bank navigating a period of intense scrutiny, recent developments highlight a dynamic and increasingly complex financial landscape across the region. […]
The European Central Bank (ECB) finds itself navigating a precarious economic landscape, caught between a strengthening euro and the looming threat of punitive U.S. tariffs. At the ECB’s annual Forum on Central Banking in Sintra, Portugal, two prominent policymakers issued stark warnings on Tuesday, highlighting the potential “hit” from a further appreciation of the euro […]
In a pivotal moment for South Africa’s economic future, the African Development Bank (AfDB) has approved a substantial $474.6 million (approximately R8.8 billion) loan to support critical upgrades to the country’s transport and energy infrastructure. This significant financial injection, announced on Tuesday, July 1, 2025, arrives at a crucial juncture, signaling renewed confidence from international […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania, with power seamlessly transmitted through Kenya’s robust high-voltage network. This successful pilot marks a significant milestone in regional energy trade, establishing a new corridor for power flow and solidifying Ethiopia’s burgeoning role as a regional […]
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed the “One Big Beautiful Bill Act” by President Donald Trump. This legislation is a cornerstone of the Trump administration’s agenda, aiming to reshape the nation’s fiscal policy through extensive tax breaks and significant cuts to […]
Kenya's fiscal deficit is projected to widen by 10.23 percent in the 2026/27 financial year (FY), signaling renewed pressure on...
Financial markets are experiencing a significant shift as the benchmark US 10-Year Treasury Yield has decisively fallen below the critical...
A comprehensive demographic research study conducted by the International Labour Organisation (ILO) has revealed alarming statistics about Nigeria's employment landscape,...
Africa's electric mobility story has long been characterized by unfulfilled promise rather than tangible progress. Infrastructure remains scarce across the...
