Minister of Electricity and Energy, Dr. Kgosientsho Ramokgopa, has delivered a powerful message of hope to the nation, assuring South Africans that the country is finally on a path to definitively ending the long-standing load shedding crisis. Speaking at a recent media briefing, the minister conveyed a sense of cautious optimism, stating, “We are in […]
The Central Bank of Kenya (CBK) has announced a significant decision by its Monetary Policy Committee (MPC) to lower the benchmark lending rate, known as the Central Bank Rate (CBR), by 25 basis points. This move, which brings the rate down to 9.50 per cent from the previous 9.75 per cent, marks the latest step […]
The Organization of the Petroleum Exporting Countries (OPEC) has slightly increased its global oil demand forecast for 2026, expecting a tighter market amid economic momentum that is projected to continue next year. Demand for crude is now expected to grow by 1.4 million barrels per day (bpd), a slight upward revision from its previous forecast. […]
The official unemployment rate in South Africa has risen for the second consecutive quarter, reaching 33.2% in the April-June period of 2025. This increase, up from 32.9% in the first quarter, places the country among those with the highest jobless rates in the world and underscores one of the most formidable challenges facing its year-old […]
The East African Community (EAC) has long been hailed as a beacon of regional integration, with its aspirations for a common market, monetary union, and a political federation. However, the bloc’s progress has been consistently hampered by a persistent and deep-seated challenge: a chronic financial crisis stemming from its funding model. For years, the EAC […]
In a move that has brought a temporary sigh of relief to global markets and supply chains, the United States and China have once again extended their tariff truce. U.S. President Donald Trump, via his social media platform Truth Social, announced an executive order suspending the imposition of higher duties for another 90 days, until […]
In a compelling study published in the journal Agrekon, researchers from Stellenbosch University and Mendel University in Brno, Czech Republic, have issued a strategic warning: South Africa’s current approach to agri-food exports to the European Union may be reaching its limit. The report highlights that despite South Africa’s status as the EU’s largest trading partner […]
The Higher Education Loans Board (HELB) plays an indispensable role in Kenya’s education system, serving as the primary financier for thousands of university and technical college students. The board’s recent assurance that it has enough funds to cover the upcoming September university intake, despite a reported deficit for the 2025/2026 financial year, has been met […]
The Bank of England has announced its fifth consecutive interest rate cut in a year, lowering the base rate from 4.25% to 4%. This decision, announced on a Thursday, marks a significant moment for the UK economy, signaling a shift in the central bank’s focus from taming inflation to stimulating growth. For millions of households, […]
Nigeria has marked a significant milestone in its journey toward economic diversification, reporting a total of 663 million metric tonnes of non-oil products exported to 11 member states of the Economic Community of West African States (ECOWAS) in the first half of 2025. This impressive figure, announced by the Nigeria Export Promotion Council (NEPC), underscores […]
Substantial Interest Rate Reduction Expected The proposed currency conversion could deliver significant financial relief to Kenya's strained public finances. Treasury...
Pakistan and China have pledged to significantly expand economic cooperation and investment under the China-Pakistan Economic Corridor (CPEC), marking what...
In a significant development highlighting Japan's expanding interest in Africa's emerging technology landscape, specialist venture capital firm Uncovered Fund has...
Executive Summary Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural...
