President William Ruto has announced that the World Bank has endorsed Kenya’s ambitious plan to establish a National Infrastructure Fund aimed at expanding the country’s road and rail networks, irrigation systems, and energy generation capacity. The announcement came following a meeting with World Bank Africa Executive Director of Africa Group One, Zarau Kibwe, at State […]
The Syrian Petroleum Company has signed a significant memorandum of understanding with two prominent global energy firms, ConocoPhillips and Novaterra Energy, marking a major step toward revitalizing Syria’s battered natural gas sector. The agreement, announced on Tuesday by the Ministry of Energy through its official Telegram channel, encompasses the development of several existing gas fields […]
A high-level panel of financial experts and economists has issued a compelling call for the Group of 20 (G20) major economies to significantly strengthen their oversight and regulation of global credit rating agencies, following mounting evidence that these institutions employ methodologically flawed assessment frameworks that systematically disadvantage African governments and artificially inflate their borrowing costs […]
A groundbreaking report from the e-commerce giant Jumia has officially declared rural Kenya as the new frontier for digital commerce, revealing a profound and historic shift in consumer behavior across the nation. The report, titled E-commerce in Rural Kenya: Expanding Access, Driving Inclusion, Connecting Border to Border, shows that the country’s vast network of counties […]
The news broke with the authoritative resonance expected of the world’s largest customer for wide-body aircraft: Emirates’ blockbuster $38 billion order for 65 Boeing 777X aircraft on the opening day of the Dubai Airshow 2025. This deal has not merely cemented a commercial relationship; it has injected fresh geopolitical momentum into U.S.–UAE strategic ties, reaffirming […]
The Democratic Republic of Congo (DRC) has achieved a major milestone, completing the integration of its customs data exchange system with the East African Community’s (EAC) Single Customs Territory (SCT). This technical readiness means that, beginning November 28, the DRC will formally join Kenya, Uganda, Tanzania, and Rwanda on the centralized customs platform, dramatically altering […]
Kenya’s critical Sh97 billion financial lifeline from the World Bank remains suspended in limbo as the international lender maintains its demand for sweeping reforms across governance, fiscal management, and economic transparency. The standoff, now extending into its third month since the initial July 2025 agreement, underscores mounting tensions between Kenya’s aggressive borrowing strategy and increasingly […]
New York Federal Reserve President John Williams convened an urgent meeting with major Wall Street banks this week to address growing concerns about the utilization and effectiveness of a critical short-term lending facility designed to provide emergency liquidity during periods of market stress. The high-level discussions, which brought together the central bank’s primary trading counterparties, […]
The Federal Government of Nigeria has announced a landmark 60 percent increase in the nation’s health budget, marking one of the most significant healthcare funding commitments in recent Nigerian history and signaling President Bola Ahmed Tinubu’s administration’s determination to revitalize a health sector that has long struggled with chronic underfunding, infrastructure deficits, and workforce challenges. […]
Kenya has emerged at the forefront of a transformative economic development with the confirmation of its largest gold discovery in decades, a massive deposit valued at approximately Sh683 billion (US$5.29 billion) located in Kakamega County. The announcement by Shanta Gold Limited, a British mining firm listed on the London Stock Exchange, represents a watershed moment […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
