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, […]
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% […]
In a pivotal moment for Kenya's economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills:...
In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred...
The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African...
A transformative era has dawned for chilli farmers in Kenya's coastal region with the official commissioning of a state-of-the-art Sh250...
