Historic Agreement Signed in Abu Dhabi In a significant milestone for Middle Eastern and African economic relations, the UAE and Kenya signed a Comprehensive Economic Partnership Agreement (CEPA) in Abu Dhabi on January 15, 2025. The signing ceremony, held at Qasr Al Bahr, was attended by UAE President His Highness Sheikh Mohamed bin Zayed Al […]
Overview of Inflation Data The United Kingdom’s inflation rate dropped to 2.5% in December, marking an unexpected cooling in consumer prices, according to data released by the Office for National Statistics (ONS). This decrease comes as a relief to policymakers and households grappling with the high cost of living. Economists had expected the consumer price […]
Economic Outlook for Sub-Saharan Africa Sub-Saharan Africa is poised for economic growth of 4.2% in 2025, up from an estimated 3.8% in 2024, according to a recent report by Moody’s Ratings. This anticipated growth exceeds the region’s average performance over the past decade, which was constrained by multiple global and regional challenges, including the 2014-2016 […]
President William Ruto embarked on a significant diplomatic mission to the United Arab Emirates (UAE) on Monday evening to attend the Abu Dhabi Sustainability Week (ADSW) Summit. The summit, a leading global platform for advancing sustainability initiatives, provides a venue for world leaders to explore actionable solutions for the global energy transition. Kenya’s Leadership in […]
The United Nations’ latest economic report has projected that global economic growth will remain at 2.8% in 2025, consistent with the 2024 figure. This stagnant growth rate reflects a combination of structural challenges, subdued investment, and slowing momentum in the world’s largest economies, the United States and China. Global Economic Overview The World Economic Situation […]
Nigeria’s economy has faced an unprecedented crisis over the last eight years, losing an estimated $300 billion in Gross Domestic Product (GDP). This decline has pushed the country from its former position as Africa’s largest economy to the fourth, trailing Egypt, South Africa, and Algeria. Tilewa Adebajo, CEO of CFG Advisory, unveiled these findings in […]
Teleperformance, a global leader in digital business services, has announced the expansion of its operations in Kenya with the opening of a state-of-the-art center at the Two Rivers International Finance and Innovation Centre (TRIFIC). This strategic investment will create between 4,000 and 5,000 new jobs, solidifying Kenya’s position as a premier outsourcing destination in Africa. […]
Global economic growth is expected to remain at a modest 2.8% in 2025, matching the growth rate for 2024, according to the latest World Economic Situation and Prospects report released by the United Nations. While some regions demonstrate resilience, ongoing structural challenges and a slowdown in the world’s largest economies—the United States and China—are holding […]
The China Development Bank (CDB) has approved the release of a $254.76 million loan to Nigeria for the construction of the Kano-Kaduna railway project. This funding comes as part of China’s broader engagement with African nations through its Belt and Road Initiative (BRI), aimed at fostering infrastructure development and economic integration. The announcement of the […]
Kenya has experienced a remarkable surge in tea export volumes and earnings, marking a significant milestone for the country’s agriculture sector. According to the Tea Board of Kenya (TBK), tea export volumes increased by 20.8% in the first ten months of 2024, compared to the same period in 2023. This growth was attributed to heightened […]
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...
