In a significant economic development, Egypt’s non-oil private sector expanded in January 2025, marking its first growth since August and achieving its best performance in over four years. This positive trend is highlighted by S&P Global’s Purchasing Managers’ Index (PMI), which rose to 50.7 in January from 48.1 in December. A PMI reading above 50.0 […]
Kenya, like many countries around the world, is grappling with a growing unemployment crisis, with rising inflation and economic conditions further exacerbating the situation. The scarcity of job opportunities has left many young people feeling increasingly frustrated and hopeless. Despite their determination to succeed, thousands of Kenyan youth continue to face overwhelming challenges in finding […]
India’s economic growth is anticipated to range between 6.3% and 6.8% in the upcoming fiscal year starting April 1, 2025, as detailed in the annual Economic Survey presented to Parliament by Finance Minister Nirmala Sitharaman. This projection follows an expected growth rate of 6.4% for the current fiscal year, marking the slowest expansion in four […]
In a move that has sparked international controversy, former President Donald Trump has announced his intention to halt U.S. aid to South Africa, citing the country’s controversial land expropriation policies. Trump’s remarks have already had significant economic repercussions, with the South African rand plunging by 2% in Asian trading on Monday, as concerns mount over […]
Introduction: A Major Boost for Kenya’s Electrification Agenda The Government of Kenya has secured a $386 million investment aimed at increasing national electricity coverage to 80%, significantly improving access to power for millions of Kenyans. Principal Secretary for Energy Alex Wachira announced this ambitious initiative, which aligns with the government’s goal of reducing reliance on […]
India’s economy is projected to grow between 6.3% and 6.8% in the 2025-26 financial year, according to early government estimates ahead of the annual budget announcement. This forecast suggests a slowdown compared to previous years, as economic activity faces multiple headwinds, including subdued domestic demand, slower corporate investments, and a weaker manufacturing sector. The economy […]
Introduction: A Major Step Toward Energy Access The Nigerian government has secured a $1.1 billion loan from the African Development Bank (AfDB) to provide electricity to 5 million people by the end of 2026. This funding is part of a broader effort to tackle Nigeria’s energy access deficit, which has long hampered economic growth and […]
The Government of Kenya, in collaboration with the International Fund for Agricultural Development (IFAD), has issued a grant worth Sh124 million to fish farmers in 15 counties across the country. This initiative is part of the Aquaculture Business Development Programme (ABDP), which aims to foster sustainable smallholder fish farming and improve the livelihoods of individuals […]
The U.S. Federal Reserve held interest rates steady during its latest meeting, signaling a cautious approach to monetary policy despite some promising signs in the economy. Fed Chair Jerome Powell’s comments after the decision made it clear that the central bank sees no immediate need to lower rates further. Instead, officials plan to remain patient […]
Namibia, a country of about three million people, has officially recorded an unemployment rate of 36.9% for the year 2023, marking a concerning increase from 33.4% in 2018. With this figure, Namibia joins the ranks of nations with some of the highest unemployment rates in the world, a statistic that raises alarm about the country’s […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
