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 […]
After more than a decade of devastating conflict and crippling isolation, Syria is embarking on a pivotal economic reform journey, spearheaded by its Central Bank. In a move signaling profound changes, Central Bank of Syria Governor Abdulkader Husrieh recently confirmed plans to unify the country’s exchange rate before transitioning to a managed float system, aiming […]
A new era in global finance is set to dawn for Africa with the imminent launch of its own continental credit rating agency. By the end of September, the African Credit Rating Agency (AfCRA) is poised to begin operations, a monumental step designed to directly challenge the long-standing dominance of established global firms like Fitch […]
Kenya is losing an alarming KSh800 billion every year, an amount that equals nearly 9% of its Gross Domestic Product (GDP), to the proliferation of counterfeit goods, according to recent data released by the Anti-Counterfeit Authority (ACA). This economic hemorrhage not only undermines the country’s fiscal health but also leads to the loss of approximately […]
What’s Happening? A pivotal round of trade discussions between the United States and China is scheduled for Monday, June 9, 2025, in London. According to U.S. President Donald Trump, the delegation will include Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer. From China, Vice Premier He Lifeng will lead the […]
The Nigerian equities market continued its strong momentum in early June 2025, as bullish sentiment among investors pushed the Nigeria Exchange (NGX) market capitalization past the ₦71 trillion ($45 billion) mark. This rise signals renewed confidence in the country’s stock market amid positive macroeconomic developments and corporate earnings reports. Key stocks such as Oando Plc, […]
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...
