The International Monetary Fund (IMF) today delivered a cautiously optimistic update to its global economic outlook, projecting revised growth rates of 3.0% for 2025 and 3.1% for 2026. This marks an upward revision from its previous forecasts in the April 2025 World Economic Outlook (WEO), signaling a more favorable, albeit still fragile, global economic environment. […]
In a pivotal step towards a sustainable and equitable energy future, South Africa and the African Development Bank (AfDB) have formally signed a $474.6 million loan agreement. This significant financial commitment is earmarked to bolster the implementation of South Africa’s ambitious Just Energy Transition (JET) initiatives, reinforcing the nation’s drive to enhance energy security, accelerate […]
Kenya’s daily electricity demand has surged to an unprecedented record high of 2,362.28 megawatts (MW) on July 23, signaling robust economic activity and a growing appetite for power across the nation. This significant increase from the 2,325MW recorded just weeks earlier on July 2 underscores the country’s accelerating industrial expansion, rapid urbanization, and rising domestic […]
The British retail sector continues to grapple with a protracted downturn, extending its period of declining sales into a tenth consecutive month in July. While the pace of the fall showed a slight moderation compared to June, the latest survey from the Confederation of British Industry (CBI) paints a clear picture of persistent weakness in […]
In a landmark economic achievement that signals a potential turning point for the region’s global trade position, the East African Community (EAC) has recorded its first-ever trade surplus with the rest of the world in the quarter ending March 2025. This historic shift, driven predominantly by a remarkable surge in exports to China, marks a […]
Kenya’s vibrant coffee industry, a cornerstone of its agricultural economy and a source of livelihood for hundreds of thousands of smallholder farmers, is currently engaged in a frantic race against time. A stringent new trade requirement from the European Union, the Deforestation-Free Regulation (EUDR), looms large, threatening to lock out a significant portion of Kenyan […]
The global economic landscape is currently a complex tapestry woven with threads of cautious optimism, persistent inflationary pressures, and a reshaped trade order dictated by evolving geopolitical dynamics. A pivotal moment this week came from the European Central Bank (ECB), which for the first time in over a year, opted to hold its key interest […]
Nigeria, Africa’s largest economy and most populous nation, has taken a decisive step to integrate digital assets into its financial mainstream with the unveiling of a formal regulatory framework for stablecoins. This landmark announcement by the Securities and Exchange Commission (SEC) marks a significant pivot from years of cautious, at times restrictive, approaches to cryptocurrencies, […]
A stark and unsettling admission from the Kenyan Treasury has sent ripples of concern through households across the nation: the government can no longer fully afford free education in public primary and secondary schools. Treasury Cabinet Secretary John Mbadi, appearing before the National Assembly Committee on Education on Thursday, laid bare the grim financial reality, […]
In an extraordinary display of presidential pressure on the nation’s independent central bank, U.S. President Donald Trump made a rare visit to the Federal Reserve headquarters on Thursday, engaging in a visibly tense exchange with Chair Jerome Powell. The encounter, unfolding amidst the backdrop of a multi-billion dollar renovation project at the Fed’s Washington D.C. […]
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...
