In a momentous declaration signaling its ambitious future, Tanzania has officially unveiled its comprehensive long-term development blueprint, Vision 2050. Launched this week by President Samia Suluhu Hassan in the capital Dodoma, the visionary plan sets an audacious target: transforming the East African nation into an upper middle-income country with a staggering $1 trillion GDP by […]
Kenya’s public debt has escalated to an unprecedented KSh 11.5 trillion (approximately USD 88.5 billion) as of May 2025, marking a staggering increase of KSh 951 billion in just eleven months from June 2024’s KSh 10.56 trillion. This alarming surge underscores a deepening fiscal crisis and a mounting pressure on the country’s borrowing appetite, raising […]
The United Kingdom’s commitment to a sustainable future is yielding tangible results in its labor market. New data from the Office for National Statistics (ONS) reveals a remarkable surge in “green jobs,” with employment in sectors such as renewable energy, energy efficiency, and recycling increasing by a significant 34.6% in under a decade. In 2023, […]
The Nigerian equities market has once again captured headlines, with its capitalization soaring past the N82 trillion mark (approximately $53 billion, based on prevailing exchange rates) on Thursday. This remarkable surge, driven by a sustained rally in bellwether stocks, underscores a period of heightened investor confidence and strategic positioning within Africa’s largest economy. The Nigerian […]
In a strategic move set to significantly bolster its food security and reduce a hefty import bill, Kenya has embarked on a groundbreaking partnership with the Republic of Korea to dramatically boost local rice production. This collaboration, spearheaded by the Kenya Agricultural and Livestock Research Organisation (KALRO) and Korea’s Rural Development Administration (RDA) through its […]
Despite a complex global landscape marked by persistent uncertainties and mounting external pressures, China’s economy has demonstrated remarkable resilience, achieving a steady and robust growth of 5.3 percent year-on-year in the first half of 2025. This impressive performance, confirmed by data released Tuesday by the National Bureau of Statistics (NBS), underscores the nation’s strategic pivot […]
Angola, long recognized as a powerhouse in African oil production, is now poised to emerge as a significant player in the global natural gas sector following a groundbreaking discovery in the offshore Lower Congo Basin. The exploration well, named “Gajajeira-01,” has uncovered substantial natural gas reserves and associated condensates, signaling a pivotal shift in the […]
Kenya is embarking on a bold and transformative economic journey, with its Special Economic Zone (SEZ) program taking center stage as a key driver for attracting both local and international investment. At the forefront of this ambitious agenda is Tatu City, the sprawling 5,000-acre mixed-use development, which the government has lauded as the quintessential blueprint […]
Japan’s financial markets are experiencing significant turbulence as the nation’s benchmark 10-year government bond yield surged to its highest level since 2008 on Tuesday. This dramatic climb, alongside record highs for 30-year and multi-decade highs for 20-year Japanese Government Bonds (JGBs), signals mounting investor apprehension. The primary catalyst for this unease? Growing concerns over potential […]
South Africa has officially lifted its import ban on live poultry and poultry products from Brazil. The decision, follows the successful containment of a Highly Pathogenic Avian Influenza (HPAI) outbreak in Brazil’s Rio Grande do Sul state, a critical poultry-producing region. This resolution comes after a series of intensive bilateral discussions and a thorough review […]
In a bold move signaling a significant shift in its domestic economic policy, the Tanzanian government has issued a directive...
The International Monetary Fund (IMF) today delivered a cautiously optimistic update to its global economic outlook, projecting revised growth rates...
In a pivotal step towards a sustainable and equitable energy future, South Africa and the African Development Bank (AfDB) have...
In a monumental boost for energy access and digital inclusion across Kenya, Sun King, a global leader in off-grid solar...
