The government of French Prime Minister Michel Barnier is on the brink of collapse as political opposition from both the far-right and left unites against his contentious budgetary decisions. With a no-confidence vote looming, France’s political and economic stability is at stake. The Political Deadlock Prime Minister Barnier, appointed in September by President Emmanuel Macron, […]
The shareholders of the East African Crude Oil Pipeline (EACOP) have committed an additional $500 million to the project to address delays in debt financing, ensuring progress in construction. This significant injection has brought the equity contribution to 52%, surpassing the initial plan of 40% equity funding, as the developers grapple with sourcing debt financing […]
In a significant milestone for Kenya’s economic development, the Kenya Private Sector Alliance (KEPSA) has officially signed a landmark Memorandum of Understanding (MoU) with Kenya’s six Regional Economic Blocs. This partnership aims to accelerate inclusive development across counties, driving economic growth, job creation, and private sector investment. The signing took place in Voi, Taita Taveta […]
Kenya is poised to witness a transformative leap in its economic landscape as Artificial Intelligence (AI) becomes an increasingly integral part of its digital economy. According to a report by Public First titled Digital Opportunity of Kenya, AI has the potential to contribute $2.4 billion to the country’s economy by 2030. This projection underscores the […]
Introduction Ngozi Okonjo-Iweala, the first woman and first African to lead the World Trade Organization (WTO), is poised to be reappointed for a second term amid rising tensions and uncertainties surrounding the future of international trade rules. Her reappointment comes as geopolitical divides intensify, and the potential return of former U.S. President Donald Trump to […]
The governments of Nigeria and France have solidified a strategic partnership to bolster the critical minerals sector, marking a significant step towards diversifying the mining industry and enhancing its environmental and socio-economic impacts. This collaboration, formalized through a Memorandum of Understanding (MOU), was signed during Nigerian President Bola Ahmed Tinubu’s official visit to France on […]
In a move aimed at easing the financial strain on businesses and residents, the County Government of Makueni has unveiled a series of tax reforms and relief measures. These initiatives, announced by Governor Mutula Kilonzo Jr. on Thursday, November 28, promise to bring significant economic benefits to traders, motorists, and other stakeholders within the county. […]
The Saigon River bustles with cargo ships, delivering materials to factory hubs in and around Ho Chi Minh City, Vietnam’s main financial center. Overhead, a steady stream of planes lands at the crowded airport, mirroring the frenetic activity in the city’s industrial zones. Much of this vibrancy is driven by Chinese manufacturers, who have increasingly […]
The South African Reserve Bank (SARB) has issued an optimistic update on the country’s financial stability, highlighting significant economic improvements driven by political and structural changes. Key developments such as a stabilized coalition government, reduced power outages, and the SARB’s proactive monetary policies have bolstered investor confidence. Strengthened Currency Performance Notably, the South African rand […]
Overview of the Proposed Law The Kenyan banking sector faces significant upheaval following a proposed law to increase the minimum core capital requirement for banks from Ksh. 1 billion to Ksh. 10 billion. The proposal, tabled during discussions before the National Assembly’s Finance Committee, could result in the closure of 24 banks and put the […]
Aquaculture, the fastest-growing segment of the global food system, now produces more than half of the world's fish. In Kenya,...
The Gulf Cooperation Council (GCC) has experienced significant growth in its debt capital markets, with a year-on-year increase of 11%...
The Nigeria Labour Congress (NLC) has strongly criticized the National Assembly over its exclusion of workers and trade unions in...
HF Group Plc, a leading financial solutions provider in Kenya, has achieved a remarkable milestone with the successful completion of...