The Organization of the Petroleum Exporting Countries (OPEC) has slightly increased its global oil demand forecast for 2026, expecting a tighter market amid economic momentum that is projected to continue next year. Demand for crude is now expected to grow by 1.4 million barrels per day (bpd), a slight upward revision from its previous forecast. […]
The official unemployment rate in South Africa has risen for the second consecutive quarter, reaching 33.2% in the April-June period of 2025. This increase, up from 32.9% in the first quarter, places the country among those with the highest jobless rates in the world and underscores one of the most formidable challenges facing its year-old […]
The East African Community (EAC) has long been hailed as a beacon of regional integration, with its aspirations for a common market, monetary union, and a political federation. However, the bloc’s progress has been consistently hampered by a persistent and deep-seated challenge: a chronic financial crisis stemming from its funding model. For years, the EAC […]
In a move that has brought a temporary sigh of relief to global markets and supply chains, the United States and China have once again extended their tariff truce. U.S. President Donald Trump, via his social media platform Truth Social, announced an executive order suspending the imposition of higher duties for another 90 days, until […]
In a compelling study published in the journal Agrekon, researchers from Stellenbosch University and Mendel University in Brno, Czech Republic, have issued a strategic warning: South Africa’s current approach to agri-food exports to the European Union may be reaching its limit. The report highlights that despite South Africa’s status as the EU’s largest trading partner […]
The Higher Education Loans Board (HELB) plays an indispensable role in Kenya’s education system, serving as the primary financier for thousands of university and technical college students. The board’s recent assurance that it has enough funds to cover the upcoming September university intake, despite a reported deficit for the 2025/2026 financial year, has been met […]
The Bank of England has announced its fifth consecutive interest rate cut in a year, lowering the base rate from 4.25% to 4%. This decision, announced on a Thursday, marks a significant moment for the UK economy, signaling a shift in the central bank’s focus from taming inflation to stimulating growth. For millions of households, […]
Nigeria has marked a significant milestone in its journey toward economic diversification, reporting a total of 663 million metric tonnes of non-oil products exported to 11 member states of the Economic Community of West African States (ECOWAS) in the first half of 2025. This impressive figure, announced by the Nigeria Export Promotion Council (NEPC), underscores […]
The financial stability of Kenya, a key economic hub in East Africa, has come under scrutiny as the nation’s foreign exchange (forex) reserves have experienced a significant drop. Data from the Central Bank of Kenya (CBK) highlights a decrease of $509 million (KSh 65.8 billion) over the past three weeks alone. This substantial decline is […]
In a significant revision to its economic outlook, J.P. Morgan now expects the U.S. Federal Reserve to cut interest rates at its September meeting. This new forecast, which brings the anticipated action forward by several months, is a direct response to recent shifts in both the economic and political spheres. The brokerage had previously predicted […]
Kenya’s monetary policy cycle has entered a defining phase. The Central Bank of Kenya (CBK) has lowered its benchmark rate...
In a development that signals a deeper convergence between traditional finance and digital assets, Binance, the world’s largest cryptocurrency exchange...
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
