Introduction Nigeria’s external debt burden is poised to escalate significantly as the naira continues its sharp depreciation against the US dollar. Economic analysts warn that the prolonged slide of the local currency will increase the cost of servicing foreign debts, adding pressure to the country’s fiscal position and raising concerns over long-term economic sustainability. A […]
Kenyan Deputy President Kithure Kindiki has unveiled an ambitious seven-pillar plan to revitalize Kenya’s economy under President William Ruto’s leadership. The plan, presented during the 26th Ordinary Session of the Intergovernmental Budget and Economic Council (IBEC) held at Kindiki’s Karen office, reflects the Kenya Kwanza administration’s commitment to fostering economic growth, creating jobs, and improving […]
In a landmark move aimed at strengthening bilateral relations, Italy and Saudi Arabia have signed strategic partnership agreements worth approximately $10 billion. The announcement was made following a meeting between Italian Prime Minister Giorgia Meloni and Saudi Arabian Crown Prince Mohammed bin Salman Al Saud in the historic city of AlUla, Saudi Arabia, on January […]
Ghana’s central bank has maintained its benchmark interest rate at 27.00% for the second consecutive meeting, signaling a cautious approach as the nation awaits detailed economic policy plans from the newly elected administration of President John Dramani Mahama. This decision comes amid heightened inflationary pressures and lingering economic challenges as Ghana seeks to recover from […]
In a significant vote of confidence for the Kenya Kwanza government, global ratings agency Moody’s Investors Service has upgraded Kenya’s credit outlook from negative to positive. The announcement, made on January 25, 2025, reflects improved debt affordability and a reduced likelihood of liquidity risks. This upgrade comes at a critical time as the government, under […]
The World Economic Forum (WEF) concluded its annual meeting in Davos, Switzerland, on Friday, leaving policymakers, business leaders, and global citizens with a clearer roadmap for navigating an era defined by technological innovation and societal challenges. Under the theme “Collaboration for the Intelligent Age,” the meeting revolved around five pivotal areas: reimagining growth, industries in […]
The operational phase of the African Continental Free Trade Area (AfCFTA) was launched on July 7, 2019, during the 12th Extraordinary Summit of the African Union (AU) held in Niamey, Niger. This historic moment marked a significant milestone in Africa’s journey toward economic integration and development, as it aimed to establish a single market for […]
The Kenya Investment Authority (KenInvest) and the Kenya Private Sector Alliance (KEPSA) have announced a groundbreaking partnership aimed at enhancing Kenya’s economic growth through strategic public-private collaboration. The partnership is expected to streamline investment processes, advocate for business-friendly policies, and position Kenya as a premier destination for sustainable investments. This collaboration comes at a time […]
The Bank of Japan (BOJ) made a historic move on Friday by raising its short-term interest rates to 0.5%, the highest level since the 2008 global financial crisis. This marks the second rate hike in under a year and reflects the central bank’s confidence that rising wages and steady inflation will sustain Japan’s economic recovery. […]
On January 20, 2025, U.S. President Donald Trump issued an executive order that has sent shockwaves through the global health community. The order, which suspends all U.S. foreign aid for 90 days pending a review, has cast uncertainty over crucial HIV/AIDS programs funded by the U.S., particularly in sub-Saharan Africa. This includes the President’s Emergency […]
Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75%...
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European...
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to...
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the...