The Bank of Japan (BOJ) made a historic move on Friday by raising its short-term interest rates to 0.5%, the highest level since the 2008 global financial crisis. This marks the second rate hike in under a year and reflects the central bank’s confidence that rising wages and steady inflation will sustain Japan’s economic recovery. […]
On January 20, 2025, U.S. President Donald Trump issued an executive order that has sent shockwaves through the global health community. The order, which suspends all U.S. foreign aid for 90 days pending a review, has cast uncertainty over crucial HIV/AIDS programs funded by the U.S., particularly in sub-Saharan Africa. This includes the President’s Emergency […]
Kenya is increasingly at risk of debt distress, despite successfully raising $2 billion from a Eurobond sale last year. A new report by the Institute of Public Finance (IPF) reveals the country has surpassed key debt sustainability thresholds set by the International Monetary Fund (IMF). This troubling development places Kenya’s fiscal health under heightened scrutiny, […]
In his first week back in the White House, U.S. President Donald Trump reignited his aggressive trade agenda by targeting the European Union (EU) and China with fresh tariff threats. Trump’s latest remarks underscore his long-standing belief that tariffs are a key tool to address trade imbalances, curb illicit drug trafficking, and strengthen U.S. economic […]
Nigeria’s Central Bank (CBN) has announced an optimistic economic outlook for 2025, projecting a Gross Domestic Product (GDP) growth of 4.17%, up from 3.36% in 2024. This forecast comes at a time when the country is navigating complex domestic and global economic landscapes, including fiscal and monetary reforms, fluctuating oil prices, and efforts to diversify […]
Hours into his second term as U.S. President, Donald Trump issued a series of executive orders that have sparked widespread debate regarding their global implications, particularly in Africa and specifically in Kenya. These orders, which focus on foreign aid, climate policy, and immigration, could significantly reshape Kenya’s economic and geopolitical ties with the United States. […]
For the second time in his political career, US President Donald Trump has initiated the process of withdrawing the United States from the Paris Agreement, a landmark global accord designed to combat climate change. Announced during his inauguration, this decision has reignited global debates over America’s role in climate action and the future of global […]
The South African economy, the most industrialized on the African continent, is showing signs of improvement, with growth projected to reach nearly 2% in 2025 compared to a forecast of 1.1% for 2024. This optimistic outlook was presented by South African Reserve Bank (SARB) Governor Lesetja Kganyago during an interview at the World Economic Forum’s […]
Introduction to the Kenya-UAE CEPA Kenya has taken a monumental step toward economic growth and global competitiveness with the signing of the Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) on January 14, 2025. This historic agreement, the first between the UAE and a mainland African nation, aligns with Kenya’s ambitious Bottom-Up […]
A Milestone in Trade Diplomacy In a significant development for international trade, Malaysia and the European Union (EU) have resumed negotiations for a free trade agreement (FTA) after a 12-year hiatus. This renewed effort was announced following Malaysian Prime Minister Anwar Ibrahim’s recent working visit to Brussels, signaling a mutual commitment to strengthening economic ties. […]
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...
