Francis Atwoli, the Secretary General of the Central Organisation of Trade Unions (COTU), has issued a powerful warning over the deepening unemployment crisis not only in Kenya but across many nations worldwide. Speaking at the 113th International Labour Conference (ILC) in Geneva, Atwoli revealed a worrying disconnect between Kenya’s economic growth and the failure to […]
The European Central Bank (ECB) is widely expected to cut interest rates again this Thursday as part of its ongoing efforts to support the eurozone economy amid fluctuating inflation and global economic uncertainty. However, despite the likely rate cut, policymakers and analysts are increasingly discussing the possibility of a pause in the ECB’s year-long easing […]
Fitch Ratings downgraded the African Export-Import Bank (Afreximbank) from BBB to BBB-, placing it just one notch above “junk” status, with a negative outlook. This move highlights growing concerns about the bank’s loan portfolio quality, risk management practices, and exposure to sovereign debt restructuring in key African economies. The implications could ripple across Africa’s financial […]
The Central Bank of Kenya (CBK) has made a significant move by officially joining a constitutional petition challenging the legality of Kenya’s public debt. This legal action, spearheaded by civil rights activist and Senator Okiya Omtatah along with eight other petitioners, accuses past and present government officials of engaging in what is described as “odious […]
The Organisation for Economic Co-operation and Development (OECD) has warned that both high government debt interest payments and rising US tariff barriers will dampen the United Kingdom’s economic expansion over the coming years. In its latest Economic Outlook, published on 3 June 2025, the OECD trimmed its forecast for UK growth in 2025 from 1.4% […]
South Africa’s economy showed signs of stagnation in the first quarter of 2025, recording only a marginal quarter-on-quarter growth of 0.1%, highlighting the ongoing struggles facing Africa’s most industrialized economy. This slow growth came despite some pockets of strength, particularly in the agriculture sector, which grew robustly. However, contractions in other critical sectors, such as […]
The World Bank has recommended that the Kenyan government impose a carbon tax on fuel, estimating that such a levy could generate up to Sh40.5 billion (approximately US $305 million) annually. The proposal is part of the Bank’s 2025 Kenya Public Finance Review and aims to accelerate Kenya’s transition to a low-carbon economy, support its […]
In a significant breakthrough during the ongoing budget negotiations between Pakistan and the International Monetary Fund (IMF), Islamabad has secured a commitment from the Fund to provide relief to the salaried class in the upcoming fiscal year 2025-26. According to sources cited by ARY News, the IMF has agreed to reduce income tax rates across […]
In a clarification, the Federal Government of Nigeria explained that President Bola Tinubu’s recent communication of a US $21.5 billion request to the National Assembly is not an immediate borrowing demand, but rather the formal submission of the 2024 – 2026 External Borrowing Rolling Plan. The plan lays out a multi-year framework for both federal […]
Sweden has signed a US $2.7 million (KSh 348 million) agreement with TradeMark Africa to launch the two-year Kenya Enhanced Trade Environment and Inclusion (KETEI) programme. Designed to accelerate sustainable, inclusive trade in line with Kenya’s commitments under the African Continental Free Trade Area (AfCFTA), KETEI will enhance port efficiency, green trade infrastructure, and the […]
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...
