Taiwo Oyedele—the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms—stressed that the new tax proposals would not reintroduce an inheritance tax. Speaking before the House of Representatives Committee on Finance, chaired by Hon. James Faleke Oyedele sought to clarify misunderstandings that have circulated in the media and among stakeholders. His remarks come […]
In a significant boost for regional integration and economic growth, Kenya and Somalia are on the verge of finalizing a trade facilitation agreement designed to eliminate irregular non-tariff barriers and streamline commerce between the two neighboring countries. This landmark Memorandum of Understanding (MoU) is expected to not only bolster trade relations but also contribute to […]
New U.S. steel tariffs, championed by President Donald Trump’s legacy policies and now taking effect this March, are set to upend a multi-billion dollar supply chain that has long seen Chinese steel flowing into the United States via transshipment through third countries. The move is expected to trigger a cascade of trade disruptions, intensify global […]
In a move that underscores its long-standing commitment to promoting financial stability and sustainable development in developing countries, the Qatar Fund for Development (QFFD) has signed a landmark loan and grant agreement with the Ministry of Economy and Finance of the Republic of Mali. The agreement, valued at $50 million, is designed to help Mali […]
In a bold move to transform Kenya’s transport infrastructure and stimulate regional economic growth, President William Ruto has officially launched the Ksh10 billion Kwa Jomvu-Mariakani Road. Spanning 30 kilometers between Mombasa and Kilifi counties, the project is poised to ease traffic congestion, improve connectivity, and enhance the operational efficiency of the Port of Mombasa. The […]
As the global economy faces renewed turbulence, a new UNDP policy paper warns that the debt crisis plaguing the world’s poorest economies is reaching unprecedented levels. In a stark message issued ahead of the G20 finance ministers and central bank governors meeting in South Africa, the United Nations Development Programme (UNDP) called for a comprehensive […]
As global diamond sales continue to falter, Botswana and De Beers have unveiled a strategic marketing initiative aimed at reviving consumer interest in natural diamonds. This move comes at a crucial time, as the diamond industry faces a historic downturn, with natural diamond prices falling by 26% over the past two years and lab-grown diamonds […]
In a major boost to Kenya’s rural electrification drive, President William Ruto has officially launched the Sh1.4 billion Last Mile Phase IV Connectivity Project in Kwale County. The ambitious initiative, aimed at connecting over 12,700 households to the national electricity grid, is expected to transform the lives of thousands of Kenyans by unlocking significant economic […]
A new study by the World Bank, United Nations, European Commission, and the Ukrainian government has revealed that Ukraine now requires an estimated $524 billion to rebuild its economy—a figure that is nearly three times its expected economic output for 2024. The study, which incorporates data from Russia’s invasion starting three years ago through December […]
In a statement amid growing public discontent, the South African Communist Party (SACP) has firmly rejected the government’s proposed Value-Added Tax (VAT) increase and is calling for a comprehensive overhaul of the nation’s tax system. At a recent Political Bureau meeting, the SACP expressed its full backing for SARS commissioner Edward Kieswetter’s proposal for the […]
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...
