Mozambique’s Port of Maputo, the country’s largest maritime gateway, achieved a historic milestone in 2025 by handling a record 32 million metric tons of cargo, marking a 3.4% increase from the previous year’s 30.9 million metric tons and cementing its position as a critical regional logistics hub for Southern Africa. The achievement comes despite significant […]
The United Nations has issued an urgent appeal for increased international support to Kenya as the East African nation struggles to sustain one of the world’s largest refugee populations amid what officials describe as the most severe global humanitarian funding crisis in decades, threatening the wellbeing of more than 800,000 displaced people who have sought […]
United States President Donald Trump announced Monday that any country engaging in commercial activity with Iran will face an immediate 25 percent tariff on all trade with the United States, dramatically escalating Washington’s economic pressure campaign against Tehran amid the largest anti-government demonstrations to convulse the Islamic Republic in years. “Effective immediately, any Country doing […]
The Government of Ghana has cleared a staggering $1.47 billion in legacy energy sector debts during 2025, representing the most decisive financial intervention in the West African nation’s power sector in nearly a decade and marking a critical turning point for an industry that had been pushed to the brink of collapse by years of […]
Small businesses, bolstered by expanding access to credit, are emerging as critical pillars of economic resilience across Kenya’s 47 counties, providing a crucial buffer against unemployment and uneven regional development in an economy where formal sector opportunities remain limited for millions of citizens. Data from the Kenya National Bureau of Statistics’ Gross County Product 2025 […]
The global economy is projected to grow by just 2.7% in 2026, marking a modest deceleration from the 2.8% estimated for 2025 and falling well short of the 3.2% pre-pandemic average that characterized the decade leading up to COVID-19, according to the United Nations’ World Economic Situation and Prospects 2026 report released on Thursday. The […]
Kenya and Ethiopia are poised to serve as the primary engines of Africa’s economic expansion in 2026, driving East Africa to a projected 5.8% growth rate—the highest among all African sub-regions—according to the United Nations’ World Economic Situation and Prospects 2026 report. This performance comes amid a complex landscape of improving macroeconomic stability in several […]
Kenya’s external financial position deteriorated sharply in the third quarter of 2025, with the current account deficit expanding more than threefold to reach Sh135.3 billion—a three-year high that underscores mounting pressures on the country’s balance of payments and signals intensifying challenges for policymakers attempting to maintain macroeconomic stability amid robust economic growth. The widening deficit, […]
The United States trade deficit collapsed to its lowest level in more than 16 years during October 2025, delivering a dramatic validation of President Donald Trump’s tariff-centric trade strategy while simultaneously raising questions about the sustainability and broader economic implications of this historic trade policy transformation. According to data released Thursday by the Department of […]
Zimbabwe’s tourism sector, still basking in the glow of being named the world’s best country to visit in 2025 by Forbes magazine, now faces a critical challenge that industry operators warn could undermine years of recovery efforts and damage the nation’s hard-earned reputation among international travelers. The introduction of a 15.5% value-added tax on tourism […]
The Kenya Revenue Authority has announced an 8 percent market interest rate for fringe benefits and low-interest employee loans for...
Turkey's Central Bank of the Republic of Türkiye delivered a more cautious than expected 100 basis point reduction in its...
The European Union has positioned Nigeria and other African countries as major beneficiaries of its 2026 humanitarian response, allocating €557...
In a significant boost to Kenya's climate finance infrastructure, the World Bank has committed approximately Sh5.5 billion ($43 million) to...
