A new titan has emerged in the global tea industry. Browns Plantations PLC, a subsidiary of Sri Lanka’s diversified conglomerate LOLC Holdings Group, has officially cemented its position as the world’s largest tea producer. This monumental achievement follows the strategic acquisition of James Finlay Kenya’s tea estates business and, implicitly, a significant portion of the […]
In an era defined by persistent global uncertainties, from geopolitical flashpoints to shifting trade dynamics, India’s economy continues to stand out, demonstrating remarkable resilience across its diverse sectors. The latest Monthly Economic Bulletin for June 2025 from the Reserve Bank of India (RBI) paints a comprehensive picture of robust economic momentum. The central bank’s assessment […]
The Africa Export-Import Bank (Afreximbank), a leading multilateral financial institution dedicated to promoting and financing intra- and extra-African trade, has announced a monumental achievement: the mobilization of over $250 billion for Africa’s growth and development. This significant disclosure was made by the bank’s President, Professor Benedict Oramah, during the 32nd Afreximbank Annual Meetings (AAM), currently […]
In a landmark commitment to safeguarding the environment and uplifting rural communities, the International Fund for Agricultural Development (IFAD) and the Government of Kenya have formally signed a transformative US$126.8 million agreement. This significant co-financing initiative is earmarked for a comprehensive investment project specifically designed to build resilience against the escalating impacts of climate change […]
The financial landscape of the United Arab Emirates (UAE) continues to demonstrate remarkable strength and strategic foresight, as evidenced by the latest statistical bulletin from the Central Bank of the UAE (CBUAE). During the first quarter of 2025, the CBUAE significantly boosted its gold reserves by an impressive 19.3%, underscoring a deliberate move to reinforce […]
Pretoria, South Africa – In a pivotal and highly anticipated event poised to significantly reshape the landscape for small and medium-sized enterprises (SMEs) across the Rainbow Nation, SME South Africa hosted its inaugural Funding Summit on June 12, 2025. Held at the sophisticated Empire Conference and Events Venue in Parktown, Johannesburg, this full-day summit served […]
In a significant boost to Kenya’s Technical and Vocational Education Training (TVET) sector, a German-based organization, Chancen International (CI), has announced a pioneering initiative to provide comprehensive tuition fee funding for 6,000 students across the country. This strategic intervention, revealed on June 23, 2025, aims to dismantle financial barriers, ensuring that vulnerable and low-income students […]
The International Monetary Fund (IMF) has sounded a clear alarm: escalating military action by the United States against Iran carries the serious risk of amplifying global economic uncertainty, with potential reverberations extending far beyond the immediate sphere of energy markets. Speaking to Bloomberg on Monday, June 23, 2025, IMF Managing Director Kristalina Georgieva emphasized that […]
A new chapter is unfolding in East Africa’s ambitious quest for modern infrastructure and enhanced regional trade. On parallel tracks, Uganda is signaling the imminent start of its Standard Gauge Railway (SGR) construction from Malaba to Kampala, backed by significant funding from the Islamic Development Bank (IsDB) and a consortium of lenders. Meanwhile, neighboring Kenya […]
Kenya’s economic resilience continues to be underpinned by the unwavering support of its vast diaspora, as remittances hit a remarkable US$440.08 million in May 2025. This figure represents the second-largest monthly inflow ever recorded, narrowly trailing the December 2024 peak of US$445.39 million, signalling robust and consistent growth from Kenyans living and working abroad. The […]
Kenyans holding virtual assets such as cryptocurrencies and other digital tokens could soon have the option to insure them under...
Goldman Sachs has issued a stark warning about mounting risks to global supply chains of rare earth elements and other...
BP, one of the world's largest integrated energy companies, has confirmed the preliminary results of the Volans-1X exploration well in...
By Brian NzomoOctober 22, 2025 Tether, the company behind the world's largest stablecoin USDT, has made a strategic investment in...
