Foreign Direct Investment (FDI) has long been recognized as a powerful engine for economic growth, job creation, and technological advancement in developing economies. However, new research from the World Bank paints a concerning picture: FDI flows to low- and middle-income countries have plummeted to their lowest levels since 2005. This alarming decline reflects a troubling […]
Accra, Ghana & Abidjan, Ivory Coast: In a significant standoff shaking the African mining sector, major gold producers operating in Ghana and Ivory Coast are refusing to comply with new tax increases imposed this year. Industry sources indicate that these companies argue the revised regulations flout the terms of their existing licence agreements, raising fundamental […]
In a significant boost to Kenya’s burgeoning micro, small, and medium enterprises (MSMEs), President William Ruto has announced a transformative KSh 5 billion (approximately $38.5 million USD) grant initiative, set to benefit over 100,000 small businesses across the nation. This landmark program, launched in partnership with the World Bank, underscores the government’s unwavering commitment to […]
Despite persistent economic volatility and rising geopolitical tensions, global advertising spend is projected to grow by a robust 6.2% this year, reaching an impressive $1.16 trillion. This forecast, from Warc, a leading specialist in marketing effectiveness, reflects a resilient industry adapting to challenging market conditions. However, the projection marks a slight downward revision of 0.5 […]
The fourth China-Africa Economic and Trade Expo (CAETE), which concluded on Sunday, June 15, 2025, in Changsha, has set new benchmarks for collaboration, announcing a remarkable 176 signed projects valued at $11.4 billion. This represents a significant 45.8% increase in the number of projects and a 10.6% rise in total value compared to the previous […]
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 […]
Kenya’s monetary policy cycle has entered a defining phase. The Central Bank of Kenya (CBK) has lowered its benchmark rate...
In a development that signals a deeper convergence between traditional finance and digital assets, Binance, the world’s largest cryptocurrency exchange...
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
