What’s Happening? A pivotal round of trade discussions between the United States and China is scheduled for Monday, June 9, 2025, in London. According to U.S. President Donald Trump, the delegation will include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. From China, Vice Premier He Lifeng will lead the […]
The Nigerian equities market continued its strong momentum in early June 2025, as bullish sentiment among investors pushed the Nigeria Exchange (NGX) market capitalization past the ₦71 trillion ($45 billion) mark. This rise signals renewed confidence in the country’s stock market amid positive macroeconomic developments and corporate earnings reports. Key stocks such as Oando Plc, […]
Francis Atwoli, the Secretary General of the Central Organisation of Trade Unions (COTU), has issued a powerful warning over the deepening unemployment crisis not only in Kenya but across many nations worldwide. Speaking at the 113th International Labour Conference (ILC) in Geneva, Atwoli revealed a worrying disconnect between Kenya’s economic growth and the failure to […]
The European Central Bank (ECB) is widely expected to cut interest rates again this Thursday as part of its ongoing efforts to support the eurozone economy amid fluctuating inflation and global economic uncertainty. However, despite the likely rate cut, policymakers and analysts are increasingly discussing the possibility of a pause in the ECB’s year-long easing […]
Fitch Ratings downgraded the African Export-Import Bank (Afreximbank) from BBB to BBB-, placing it just one notch above “junk” status, with a negative outlook. This move highlights growing concerns about the bank’s loan portfolio quality, risk management practices, and exposure to sovereign debt restructuring in key African economies. The implications could ripple across Africa’s financial […]
The Central Bank of Kenya (CBK) has made a significant move by officially joining a constitutional petition challenging the legality of Kenya’s public debt. This legal action, spearheaded by civil rights activist and Senator Okiya Omtatah along with eight other petitioners, accuses past and present government officials of engaging in what is described as “odious […]
The Organisation for Economic Co-operation and Development (OECD) has warned that both high government debt interest payments and rising US tariff barriers will dampen the United Kingdom’s economic expansion over the coming years. In its latest Economic Outlook, published on 3 June 2025, the OECD trimmed its forecast for UK growth in 2025 from 1.4% […]
South Africa’s economy showed signs of stagnation in the first quarter of 2025, recording only a marginal quarter-on-quarter growth of 0.1%, highlighting the ongoing struggles facing Africa’s most industrialized economy. This slow growth came despite some pockets of strength, particularly in the agriculture sector, which grew robustly. However, contractions in other critical sectors, such as […]
The World Bank has recommended that the Kenyan government impose a carbon tax on fuel, estimating that such a levy could generate up to Sh40.5 billion (approximately US $305 million) annually. The proposal is part of the Bank’s 2025 Kenya Public Finance Review and aims to accelerate Kenya’s transition to a low-carbon economy, support its […]
In a significant breakthrough during the ongoing budget negotiations between Pakistan and the International Monetary Fund (IMF), Islamabad has secured a commitment from the Fund to provide relief to the salaried class in the upcoming fiscal year 2025-26. According to sources cited by ARY News, the IMF has agreed to reduce income tax rates across […]
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...
