A recent study by Public First has revealed that the rise of digital nomad schemes among British citizens is costing the UK economy over £3bn in lost consumer spending—and £320m in missed VAT revenue—each year. As more UK professionals opt for long-term work visas abroad, drawn by the promise of lower living costs and enhanced […]
Last week marked a historic turning point for South Africa and the global economic community as the nation not only launched the Business 20 (B20) forum but also hosted the inaugural meeting of G20 Finance Ministers and Central Bank Governors in Cape Town. These high-profile events signal a new era in global economic governance and […]
Kenya Power’s latest warning of a potential 30% hike in electricity tariffs has sent ripples across Kenya’s business and industrial sectors. The warning comes as the state-owned utility braces for additional financial pressures stemming from proposed wayleave charges by county governments. In a candid disclosure, Kenya Power’s CEO, Joseph Siror, stated that if counties impose […]
U.S. President Donald Trump’s administration has implemented sweeping new tariffs that experts warn could spark a full-scale trade war with America’s top trading partners. The new measures, which took effect on March 4, 2025, impose a 25% tariff on most imports from Mexico and Canada and increase tariffs on Chinese goods to 20%. The tariffs […]
In recent years, the South African government has intensified efforts to formalise the informal economy, with a particular focus on spaza shops—the small convenience stores that are the lifeblood of many townships. These businesses, which provide essential goods and services to low-income communities, are now at the centre of a policy drive aimed at boosting […]
In a decisive move aimed at bolstering transparency and restoring investor confidence, Kenya’s government has initiated a governance diagnostic assessment in collaboration with the International Monetary Fund (IMF). The assessment seeks to pinpoint corruption risks that have long undermined the nation’s economic performance. Launched by Prime Cabinet Secretary Musalia Mudavadi on Monday alongside the IMF’s […]
Oil prices have tumbled to a 12‑week low as global market participants brace for the impact of an imminent output increase by the OPEC+ alliance. In New York on Monday, Brent crude futures dropped approximately 1.6%—settling at $71.62 per barrel—while U.S. West Texas Intermediate (WTI) crude declined about 2.0% to close at $68.37 per barrel. […]
In a climate where political alliances and economic imperatives are more intertwined than ever, South Africa finds itself at a critical juncture over a proposed increase in the value-added tax (VAT). The debate centers on a contentious budget proposal that could raise the VAT rate from 15% to as much as 17%. The ruling African […]
Kenya’s Finance Minister John Mbadi announced that the government will delay drawing down funds from a $1.5 billion privately placed bond arranged in the United Arab Emirates. Speaking on February 28, 2025, Mbadi explained that the decision is driven by the need to align the loan with the nation’s fiscal framework for the current financial […]
Ukrainian President Volodymyr Zelensky has reiterated his readiness to sign a US-Ukraine minerals deal—a strategic economic partnership intended to bolster Ukraine’s security ties with the United States. Speaking to the BBC’s Laura Kuenssberg, Zelensky insisted that despite a fraught meeting with US President Donald Trump at the White House last week, he remains committed to […]
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...
