Kenya’s economy experienced an encouraging surge in 2024 as diaspora remittances rose by an impressive 14%, reaching Sh674.1 billion. This rise has confirmed the growing importance of remittances as one of the country’s most reliable sources of foreign exchange, outpacing other key sectors such as tourism, tea exports, and horticulture. This trend is not only […]
In a significant move toward thawing frayed economic ties, China and the United States have confirmed plans to hold high-level trade and economic talks in Switzerland from May 9 to 12, 2025. At the invitation of the Swiss government, Chinese Vice Premier He Lifeng, a member of the Political Bureau of the Communist Party of […]
In a landmark move set to reshape the future of Nigeria’s power sector, the Federal Executive Council (FEC) has approved the long-awaited National Integrated Electricity Policy (NIEP), a pivotal roadmap aimed at reforming and modernizing the Nigerian Electricity Supply Industry (NESI). This strategic approval, which comes months after the policy’s initial submission in December 2024, […]
Kenya is on track to become East Africa’s largest economy in 2025, overtaking long‑time regional leader Ethiopia, according to the latest International Monetary Fund projections. While Ethiopia’s GDP is forecast at about $117 billion next year, Kenya’s output is expected to reach roughly $132 billion. This shift reflects contrasting policy decisions, financing strategies and economic resilience in two of […]
Britain and India sealed a landmark free trade agreement on May 6, 2025, after three years of stop‑start negotiations. As the world’s fifth‑ and sixth‑largest economies, they pledged to deepen their economic partnership at a time when global supply chains have been rattled by protectionist measures and volatility in major markets. The deal is hailed […]
In a decisive move to reshape Nigeria’s economic trajectory, the Federal Executive Council (FEC) on May 5, 2025, approved the Renewed Hope Nigeria First Policy, a sweeping framework designed to place homegrown businesses and manufacturers at the center of all federal procurement and investment decisions. Presided over by President Bola Ahmed Tinubu, the Council directed […]
A fresh warning from the United States Department of Agriculture’s Foreign Agricultural Service has cast a spotlight on Kenya’s sugar sector, predicting a sharp 19.8 percent drop in domestic sugar output for the 2025/2026 marketing year. Production is forecast to fall from 810,000 metric tonnes in 2024/2025 to just 650,000 metric tonnes, due to shrinking cane acreage, aging […]
Moody’s Ratings surprised few by cutting India’s real GDP growth forecast for the 2025 calendar year to 6.3 percent, down from its prior 6.5 percent projection. The announcement, made on May 6, 2025, comes against a backdrop of intensifying policy uncertainty in the United States—mainly over tariffs and trade restrictions—and mounting geopolitical stresses worldwide. While Moody’s left its 2026 […]
Eskom has delivered a message of optimism to South Africans ahead of the coming winter season, promising no load shedding for at least the next four months and warning that, even in a worst‑case scenario, rolling blackouts would be limited to brief, low‑level interruptions. At a pre‑winter media briefing on May 5, 2025, held at Megawatt […]
Kenya’s National Treasury has unveiled its Budget Policy Statement (BPS) for the fiscal year 2025/26, presenting an ambitious increase in the nation’s budget estimates to KSh 4.26 trillion, up from KSh 3.98 trillion in the 2024/25 fiscal year. This shift reflects the government’s continuing efforts to balance economic transformation and fiscal discipline, while also responding […]
The Capital Markets Authority (CMA) has taken a definitive step to deepen Kenya’s financial markets, announcing on November 26, 2025,...
The rapidly accelerating digital transformation of the financial services sector in Africa is forcing a fundamental shift in regulatory paradigms,...
Standard Chartered Bank Kenya (SCBK) Limited, a prominent subsidiary of the UK-based Standard Chartered Plc, finds itself navigating a turbulent...
The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari...
