Kenya’s domestic debt has officially crossed the formidable KSh 6.1 trillion mark, reaching KSh 6.311 trillion as of July 4, 2025. This significant milestone, revealed by the latest figures from the Central Bank of Kenya (CBK), underscores the government’s increasing reliance on the local financial market to fund its operations. This surge, representing a nearly […]
In a move that has sent shockwaves across international markets and diplomatic circles, President Trump announced on Saturday, July 12, 2025, that he would impose a sweeping 30 percent tariff on all goods imported from the European Union and Mexico. The announcement, made via letters posted to his social media platform, Truth Social, upends months […]
In a monumental stride forward for its economic liberalization and financial modernization, Ethiopia today officially launched its long-awaited securities exchange. This historic event marks the introduction of a secondary market for government treasury bills (T-bills) in electronic form, signaling a profound transformation in how the nation mobilizes domestic capital and integrates into the global financial […]
In a significant triumph for fiscal management and national development, the Kenya Revenue Authority (KRA) has announced that it has successfully surpassed its revenue target for the Financial Year 2024/2025. Despite a challenging economic landscape, the taxman collected an impressive Kshs. 2.571 Trillion, exceeding the revised target of Kshs. 2.555 Trillion. This remarkable achievement represents […]
The Organization of the Petroleum Exporting Countries (OPEC) has released its highly anticipated World Oil Outlook 2050 report, presenting a revised and notably bullish forecast for global oil and overall energy demand in the medium and long term. This optimistic projection, however, comes alongside a cautious reduction in short-term oil demand projections for the next […]
South Africa’s vital agricultural sector is bracing for significant headwinds following the recent announcement by the U.S. government of a steep 30% tariff on South African exports, effective August 1, 2025. This move, described by AgriSA as a “wake-up call” for the nation’s trade policy and agricultural sector, casts a long shadow over high-value commodities […]
Global consumer goods giant Unilever and leading East African financial institution Equity Bank have announced a strategic partnership to roll out a comprehensive Distributor Financing Solution. This groundbreaking initiative, backed by an annual investment of KES 2.4 billion (approximately $18.5 million USD), is meticulously designed to strengthen manufacturing supply chains, dramatically improve product availability, and […]
President Donald Trump has once again sent shockwaves through the global economic and geopolitical landscape, announcing on Tuesday that the United States would “pretty soon” impose a 10% tariff on imports from all BRICS nations. This declaration, made just days after Brazil hosted the bloc’s annual summit in Rio de Janeiro, immediately drew sharp criticism […]
The City of Cape Town has unveiled a staggering R71.2 billion (approximately $3.9 billion) investment plan over the next three years, targeting critical infrastructure upgrades and a significant shift towards diversified and sustainable electricity supply. This monumental commitment positions Cape Town at the forefront of South Africa’s energy transition, aiming to drastically reduce its reliance […]
A new chapter in East African economic cooperation officially commenced on July 6, 2025, with the launch of the Uganda–Kenya Trade and Investment Mission at the Hilton Garden Inn, Kampala. This four-day high-level engagement, concluding on July 9, has brought together a formidable delegation of diplomats, government officials, and private sector leaders from both Uganda […]
Pakistan is entering a new chapter in its automotive history. For the first time since the country gained independence 77...
Finance ministers from the Group of Seven (G7) have agreed to delay any immediate release of oil from strategic reserves,...
Nextpower, a leading global provider of intelligent power generation technology and solutions for solar power plants, has reached an important...
HSBC has appointed Denise Odaro as its new Head of Sustainable Finance and Transition for Europe and the Americas, bringing...
