The European Commission has announced significant changes to its environmental regulations, aiming to simplify green laws that have drawn criticism for stifling industrial growth. This move marks a dramatic shift in the EU’s Green Deal policies, as Europe grapples with an economic slowdown, heightened global competition, and political pressures to reduce regulatory burdens. The reforms […]
The Bank of Tanzania (BoT) is intensifying its efforts to regulate digital lending in the country, targeting unlicensed operators in an industry that has rapidly gained traction. The move seeks to protect consumers, maintain market stability, and uphold ethical practices within the digital microfinance sector. BoT’s Crackdown and Licensing Requirements As of November 14, the […]
Investment in advanced technology by Kwale International Sugar Company (KISCOL) has rejuvenated sugarcane farming in Kenya’s coastal region, bringing hope to over 1,500 outgrowers. This development has not only extended the sugarcane crushing season but has also aligned with the government’s long-term goals for food security and economic growth in the agricultural sector. Revitalization through […]
Japan’s government is deliberating a plan to raise the basic income tax threshold, introducing effective permanent tax cuts estimated at $51 billion. This move, a key component of a 39 trillion yen ($253 billion) economic stimulus package, aims to address persistent labor shortages, increase disposable income, and encourage private consumption. However, the proposal has sparked […]
The South African housing market has received a significant boost following a reduction in the repo rate, signaling optimism for both first-time buyers and established homeowners. This move comes amidst a favorable economic environment, characterized by declining inflation and positive fiscal developments. The Monetary Policy Committee’s (MPC) decision to cut the repo rate by 25 […]
Kenyan President William Ruto has hailed his administration’s achievements in stabilizing the economy, citing a significant reduction in inflation as one of the highlights of his two-year tenure. Inflation dropped from 9.6% in September 2022 to 2.7% in October 2024, the lowest rate recorded in the country in 17 years. During his State of the […]
Germany’s economic performance in the third quarter of 2024 has been revised downward, with the country’s gross domestic product (GDP) growing by a mere 0.1% compared to the previous quarter. This modest growth figure, released by Germany’s federal statistics office, falls short of the earlier estimate of 0.2%, further highlighting the economic challenges faced by […]
South Africa’s annual consumer price inflation (CPI) eased to 2.8% in October 2024, surpassing market expectations of 3.0% and marking a significant decline from the 3.8% recorded in September. The latest figure is the lowest since June 2020, when inflation was 2.2% during the COVID-19 pandemic. This milestone offers relief to South African households and […]
Kenya Power has unveiled an ambitious Sustainability Strategy, marking a significant step in aligning its operations with sustainable business practices to combat climate change and enhance resilience. The launch highlights the company’s commitment to environmental stewardship, responsible resource utilization, and socio-economic well-being. Overview of the Sustainability Strategy The Sustainability Strategy aims to embed sustainability into […]
Inflation in the United Kingdom surged to a six-month high in October, climbing to 2.3%, up from 1.7% in September, driven largely by increased domestic energy bills and persistent inflation in the services sector. The rise pushes inflation back above the Bank of England’s target rate of 2%, complicating efforts to ease borrowing costs amid […]
German Vice Chancellor and Minister of Economic Affairs, Robert Habeck, has highlighted significant opportunities for German investments in Kenya's energy...
In the latest salvo of the intensifying US-China trade war, Beijing has imposed a ban on the export of critical...
As part of its ongoing efforts to deepen economic collaboration with African nations, the Central Bank of Egypt (CBE) has...
Executives at Safaricom Ethiopia, a subsidiary of Kenya's telecommunications giant Safaricom, have expressed concerns over what they describe as "monopolistic...