In a moment charged with both expectation and trepidation, Kenya’s Finance Minister, John Mbadi, rose before parliament on Thursday to unveil the nation’s budget for the 2025/26 fiscal year. With the ceremonial briefcase by his side, Mbadi articulated a vision of sustained economic growth, projecting a lower fiscal deficit and an unwavering commitment to financial […]
The delicate equilibrium of global energy markets was shattered early Friday as news broke of Israeli strikes against targets in Iran, sending oil prices surging by more than 9% and pushing crude to its highest levels in almost five months. This dramatic escalation of tensions in the Middle East has sent a palpable tremor through […]
Across East Africa, a palpable sense of anticipation filled legislative chambers as finance ministers from the East African Community (EAC) member states presented their national spending plans for the 2025/26 fiscal year. From Kenya’s bustling capital to Rwanda’s hills, Uganda’s resource-rich plains, and Tanzania’s vibrant coast, these budgets are more than just numbers on a […]
Today, the Kenyan Parliament stands poised for a pivotal moment as Treasury Cabinet Secretary John Mbadi unveils the KSh 4.2 trillion (approximately $32.3 billion) budget for the 2025/2026 financial year. This announcement marks a critical juncture for President William Ruto’s administration, setting the nation’s fiscal direction amidst a complex global economic landscape and pressing domestic […]
The British economy has hit a snag, contracting by a notable 0.3% in April 2025, a performance worse than many economists had feared. This unexpected dip, following modest growth in the preceding months, signals growing challenges for the UK, caught between the escalating global trade tensions ignited by Donald Trump’s “liberation day” tariffs and persistent […]
In a powerful declaration of global solidarity and economic partnership, China has announced the full implementation of zero-tariff treatment on 100 percent of tariff lines for products from 53 African countries, including Kenya. This monumental move, taking effect last December, was unveiled by Chinese Foreign Affairs Minister Wang Yi on Wednesday, June 11, 2025, during […]
In a significant move signaling a renewed commitment to economic stimulus, the Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) has announced a reduction in its benchmark interest rate by 25 basis points, bringing it down to 9.75%. This decision marks a pivotal moment, returning the rate to single digits for the first time […]
In a significant diplomatic development, U.S. and Chinese officials announced a framework deal in London on Tuesday, aimed at easing their protracted trade tensions. The agreement, forged after two days of intensive negotiations, promises to remove China’s recent export restrictions on crucial rare earths and magnets, reciprocated by the U.S. lifting some of its own […]
In a pivotal stride towards redefining its role as a bedrock of national development, Nigeria’s Federal Inland Revenue Service (FIRS) has officially unveiled its revised Standard Operating Procedure (SOP). This comprehensive update, announced by FIRS officials on Monday, is far more than a bureaucratic adjustment; it is a strategic declaration designed to inject unprecedented levels […]
The Central Depository and Settlement Corporation (CDSC) has successfully completed the immobilisation of an astounding 16 billion Safaricom PLC shares belonging to Vodafone Limited. This monumental shift, announced on Monday, June 9, 2025, now brings the total number of Safaricom shares held in electronic format to 40 billion, up from a previous 24 billion. This […]
In a pivotal moment for Kenya's economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills:...
In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred...
The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African...
A transformative era has dawned for chilli farmers in Kenya's coastal region with the official commissioning of a state-of-the-art Sh250...
