A deepening crisis in the Middle East, fueled by recent US military strikes on Iran’s nuclear facilities, has brought the world to the brink of a potentially devastating economic shock. Iran’s renewed threat to close the Strait of Hormuz, one of the planet’s most vital maritime chokepoints, could send global oil and gas prices spiraling, […]
The Economic Community of West African States (ECOWAS) is embarking on a decisive journey to redefine its economic future, with regional leaders reaffirming a steadfast commitment to reshaping economic diplomacy and forging a truly integrated and prosperous West Africa. At the heart of this renewed resolve is a clear recognition that the region’s long-standing narrative […]
In a momentous step marking a new era for Kenya’s maritime industry and regional connectivity, the construction of a state-of-the-art 29-metre ferry has officially commenced at the Kisumu Shipyard. This ambitious undertaking, a collaborative effort between Kenya Shipyards Limited (KSL) and Bangladesh-based Karnafuly Ship Builders Limited, is set to revolutionize passenger and vehicle transport across […]
Benchmark Chicago Board of Trade (CBOT) wheat futures experienced a significant rally on Wednesday, surging by more than 4%. This sharp upward movement was primarily driven by mounting weather concerns impacting key growing regions in the United States and Europe, coupled with fresh signals of robust global export demand. The confluence of these factors triggered […]
In a powerful testament to its escalating commitment to Africa’s economic development, China has significantly intensified its engagement with the continent, injecting more than US$22.85 billion in fresh investments and funding within the first five months of 2025 alone. This unprecedented financial flow coincides with a record-high trade volume of US$134 billion between China and […]
In a significant announcement that reverberates across Kenya’s financial landscape, the Central Bank of Kenya (CBK) has unveiled a pivotal change to the country’s banking operations. Effective July 1, 2025, the working hours for the Kenya Electronic Payment and Settlement System (KEPSS), the nation’s Real-Time Gross Settlement (RTGS) system, will be dramatically extended from its […]
The U.S. central bank, the Federal Reserve, announced today its decision to maintain the benchmark overnight interest rate at its current range of 4.25%-4.50%. While policymakers still project potential rate cuts later in 2025, Federal Reserve Chair Jerome Powell issued a stark warning: the looming threat of new import tariffs by the Trump administration is […]
In a move reflecting a cautious stance amidst a complex global economic landscape, the Bank of Namibia (BoN), the nation’s central bank, announced on Wednesday its decision to keep its main interest rate, the repo rate, unchanged at 6.75%. This marks the second consecutive Monetary Policy Committee (MPC) meeting where the rate has been held […]
In a move poised to significantly bolster its agricultural export sector, Kenya has received a major vote of confidence from the European Union (EU), which has officially classified the East African nation as a “low-risk” country under its stringent new anti-deforestation regulations. This critical reclassification is set to provide a substantial boost to Kenyan exporters, […]
Japanese Prime Minister Shigeru Ishiba’s high-stakes bid to persuade U.S. President Donald Trump to ease punitive tariffs on Japanese automotive exports appears to have fallen flat at the recent G7 Leaders’ Summit in Calgary, Alberta. Ishiba’s diplomatic setback, underscored by a lack of tangible progress on a critical trade dispute, casts a long shadow over […]
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...
