In a recent high-stakes address in Washington, Maros Sefcovic, the European Commissioner for Trade and Economic Security, delivered a stern warning to U.S. policymakers amid escalating trade tensions. Speaking at the American Enterprise Institute on February 19, 2025, Sefcovic declared that the European Union (EU) would respond “firmly and swiftly” to protect its interests if […]
A new report by Sauti East Africa—a women-led social enterprise based in Kenya—has highlighted the crucial role that agricultural value chains play in driving East Africa’s economic growth. The study, published on February 20, 2025, at 10:09 am by journalist Madhumita Paul, provides an in-depth look at how micro, small, and medium enterprises (MSMEs) across […]
Kenya’s economy faces fresh concerns following the latest Kenya National Bureau of Statistics (KNBS) Economic Indicators Report for December 2024, which revealed a sharp decline in tea and coffee exports. These two commodities are among Kenya’s top foreign exchange earners, contributing significantly to the country’s revenue. The decline in their export volumes raises serious questions […]
In a landmark move to enhance its global presence and responsiveness, the World Bank has announced a major restructuring initiative that will see its regional management teams relocated from Washington, D.C., to various hubs across the world. The move is part of a broader strategy to improve efficiency, facilitate quicker decision-making, and bring senior leadership […]
In a move aimed at restoring international trust and addressing decades-old disputes, Zimbabwe has announced plans to compensate 94 former white farmers of foreign origin who were displaced during the land reform program initiated under former President Robert Mugabe in the early 2000s. The government will pay a total of $146 million in compensation to […]
The Kenya Power and Lighting Company (KPLC) has recorded a historic peak in electricity demand, reaching 2,316 megawatts (MW) on Wednesday, February 12, 2025. This milestone marks a steady rise in power consumption, driven by industrial growth, infrastructure expansion, and increasing household connections. According to KPLC’s National Control Centre, peak electricity demand has been on […]
The AlUla Conference for Emerging Market Economies, held in AlUla, Saudi Arabia, on February 16-17, 2025, brought together prominent policymakers, financial experts, and global economic leaders to discuss pressing economic challenges and strategies for resilience. The event, organized by the Saudi Ministry of Finance and the International Monetary Fund’s (IMF) Regional Office in Riyadh, served […]
The 2025 Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank (AfDB) on Friday, February 14, 2025, presents a cautiously optimistic picture of Africa’s economic trajectory. Despite facing global economic uncertainties, inflationary pressures, and structural weaknesses, the continent is expected to see real GDP growth of 4.1% in 2025 and 4.4% in […]
In a strategic move to manage its fiscal responsibilities, Kenya has announced the deferral of Sh88.1 billion in funding from the International Monetary Fund (IMF) to the next financial year. This decision comes as the National Treasury initiates discussions for a new financing programme to succeed the current arrangement set to expire in April. The […]
In a significant diplomatic and economic milestone, India and the United States have set a target to increase bilateral trade to $500 billion by 2030, more than doubling the current trade volume. This announcement came during Indian Prime Minister Narendra Modi’s visit to Washington, D.C., where he met with U.S. President Donald Trump at 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...
