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 […]
Indonesia officially marked its entry into the BRICS economic bloc, heralding the membership as a significant milestone in its global economic and diplomatic journey. The Indonesian Foreign Ministry described the move as a “strategic step” towards deeper collaboration with developing economies and reaffirmed its commitment to fostering an equitable and inclusive global order. This development, […]
Zambia’s national currency, the kwacha, remains under significant strain, hitting a series of record lows as the nation grapples with severe drought conditions and their cascading economic effects. As a copper-dependent Southern African economy, Zambia’s challenges are compounded by falling copper production, debt pressures, and disrupted power generation. Currency Under Pressure The kwacha has depreciated […]
Kenya’s economy expanded by 4% in the third quarter of 2024, marking a notable slowdown from the 6% growth recorded during the same period in 2023, as per the latest data released by the Kenya National Bureau of Statistics (KNBS). The downturn highlights the mounting challenges faced by key sectors, such as construction and mining, […]
Malaysia and Singapore have embarked on a landmark initiative to strengthen their economic ties with the establishment of a Special Economic Zone (SEZ) in Johor, Malaysia. This ambitious project, announced during the annual leaders’ summit in Putrajaya, marks a significant step toward enhancing investment cooperation, fostering economic growth, and creating new opportunities for both nations. […]
South Sudan has officially resumed oil production in Blocks 3 and 7 in Upper Nile State, marking a significant milestone for its struggling economy. This development follows the lifting of a nearly yearlong force majeure by Sudan’s government and the Basher Pipeline Company (Bapco), enabling the transport of crude oil to Port Sudan on the […]
President William Ruto has announced significant progress in stabilizing Kenya’s economy, positioning the country to focus on transformative development projects. Speaking at the Kerio Valley Interdenominational Prayer Service in Tot, Elgeyo-Marakwet County, the President reflected on the challenges faced over the past two years and outlined his administration’s plans to address them. The President emphasized […]
As 2025 begins, Goldman Sachs has outlined its global macroeconomic forecast, offering a detailed roadmap of key trends likely to influence global markets. From robust U.S. growth to geopolitical uncertainties, the insights provide a window into the economic trajectory for the year. Here’s a comprehensive breakdown of their predictions and their implications for investors and […]
The financial pulse of East Africa is beating with a mix of historic achievements, profound digital transformations, and critical institutional...
The European Central Bank (ECB) finds itself navigating a precarious economic landscape, caught between a strengthening euro and the looming...
In a pivotal moment for South Africa's economic future, the African Development Bank (AfDB) has approved a substantial $474.6 million...
In a landmark moment for bilateral relations, Kenyan President William Ruto and United Kingdom Prime Minister Sir Keir Starmer on...
