Ghana, historically recognized as Africa’s leading gold producer, has also made significant strides in the oil sector. Since its first major discovery in 2007 and the start of commercial oil production in 2010, the country has aimed to establish itself as a key oil producer in West Africa. However, due to production declines in existing […]
Nigeria’s trade ambitions under the African Continental Free Trade Area Agreement (AfCFTA) took a significant leap forward with its first shipment to Kenya, marking a milestone in regional commerce. The Nigeria Customs Service (NCS) facilitated this historic export, with Lucky Fibres—a subsidiary of the Tolaram Group—becoming one of the inaugural companies to utilize the AfCFTA […]
With Donald Trump’s recent win in the U.S. presidential election, global financial markets have reacted strongly, and his proposed trade policies are poised to have far-reaching implications. Trump’s potential tariffs could hit 60% or more on imports from China—a drastic increase from previous tariff levels, which already posed significant challenges to Chinese exports. This scenario […]
On November 21, 2024, the South African Reserve Bank’s Monetary Policy Committee (MPC) will announce its latest decision on interest rates, and there is cautious optimism for a 0.25% rate cut. This anticipated adjustment would mark another step in the Reserve Bank’s careful approach to managing inflation and stimulating the economy amid a challenging economic […]
Kenya is strengthening its economic ties within Africa, with trade between Kenya and other African nations rising by an impressive 26% in the first seven months of 2024. This expansion underscores the importance of intra-African trade and highlights Kenya’s commitment to deepening economic partnerships across the continent. Growing Trade with Key African Partners A recent […]
India’s manufacturing sector gained impressive momentum in October, driven by rising domestic and international demand, as reported by the latest HSBC India Manufacturing Purchasing Managers’ Index (PMI). The index, compiled by S&P Global, rose to 57.5 in October, up from an eight-month low of 56.5 in September, signaling robust expansion and heightened optimism for the […]
The African Continental Free Trade Area (AfCFTA) is widely celebrated as a historic initiative aimed at transforming Africa’s economic landscape by fostering intra-continental trade and economic cooperation. The recent AfCFTA Business Forum, held in Rabat, Morocco, underscores the continent’s determination to harness its vast potential through a unified market and increased regional integration. The forum […]
Kenya’s National Treasury and Economic Planning has recently announced a tax policy revision that will significantly impact Kenyans working remotely from overseas locations. Cabinet Secretary John Mbadi revealed that under the new policy, these remote workers will be required to obtain a Personal Identification Number (PIN) from the Kenya Revenue Authority (KRA). This move, embedded […]
Global markets are bracing for a highly turbulent trading week as investors assess the potential outcomes of the US presidential election on Tuesday. With the world’s largest economy on the cusp of a pivotal political shift, market participants are acutely aware of the possible ramifications on currencies, bonds, and stocks, especially with the race between […]
The alarming plunge in Nigeria’s per capita income, dropping to a mere $877 in 2024, underscores a deepening productivity crisis within Africa’s largest economy. This decline reflects complex structural challenges that demand urgent reforms in policy, human capital development, and infrastructure investment to prevent further economic decline and poverty expansion. Decline in Income and Rising […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
