The United States has imposed crushing 50% tariffs on Indian goods, dealing a severe blow to the world’s fastest-growing large economy and marking the deepest rupture in US-India relations in decades. The punitive levies, which took effect at 12:01 AM US Eastern time on Wednesday, represent among the highest tariff rates imposed by the United […]
Bilateral trade between Singapore and Africa has experienced remarkable growth, surging 50% over the past five years to reach US$13.7 billion in 2024, as new investment treaties and strategic partnership agreements signal deepening economic cooperation across diverse sectors spanning technology, agriculture, and sustainable development. The milestone was announced by Singapore’s Minister for Sustainability and the […]
Officials argue that speculative real estate projects are exploiting the SEZ programme, potentially undermining its primary purpose of fostering industrial and service growth. Comprehensive Framework Overhaul Targets Abuse The Kenyan government has unveiled comprehensive plans to review the Special Economic Zones (SEZs) framework by eliminating tax and housing incentives from developers constructing projects not directly […]
President Donald Trump has dramatically escalated tensions with America’s allies by threatening comprehensive tariffs and export controls on countries whose taxes, rules, or laws “discriminate” against US technology companies. In a late Monday post on Truth Social, Trump warned of “substantial” retaliatory measures against nations that maintain digital services taxes while allegedly exempting Chinese tech […]
Nigeria LNG Limited (NLNG) has executed a transformative series of long-term Gas Supply Agreements (GSAs) with six major suppliers, marking a strategic pivot designed to strengthen feedgas supply to its Bonny Island facility and consolidate Nigeria’s dominant position in the global liquefied natural gas market. Build the future you deserve. Get started with our top-tier […]
Global credit ratings agency S&P Global Ratings upgraded Kenya’s long-term sovereign credit rating to ‘B’ from ‘B-‘ on Friday, citing reduced near-term external liquidity risks and improved economic management. The upgrade represents a significant vote of confidence in Kenya’s economic trajectory under President William Ruto’s administration, marking a recovery from the previous year’s downgrade. The […]
Syria will issue new banknotes in December 2025, removing two zeros from its currency in an ambitious attempt to restore public confidence in the severely devalued Syrian pound, according to seven sources familiar with the matter and documents reviewed by Reuters. The move represents both a practical economic necessity and a powerful symbol of the […]
Reserve Bank Governor Lesetja Kganyago has issued a stark warning that South Africa is heading toward serious financial trouble, with the country’s debt trajectory threatening to trigger a fiscal cliff where the economy cannot sustain the government’s debt burden. The warning comes as South Africa faces mounting economic challenges amid stagnating GDP growth and soaring […]
Substantial Interest Rate Reduction Expected The proposed currency conversion could deliver significant financial relief to Kenya’s strained public finances. Treasury Cabinet Secretary John Mbadi revealed that converting the loan from US dollars to Chinese yuan could reduce interest rates from 6.37 percent to approximately 3 percent, representing a dramatic halving of debt servicing costs. “The […]
Pakistan and China have pledged to significantly expand economic cooperation and investment under the China-Pakistan Economic Corridor (CPEC), marking what officials describe as a pivotal moment in the flagship program of China’s Belt and Road Initiative. The announcement came during high-level talks between Chinese Foreign Minister Wang Yi and his Pakistani counterpart, Deputy Prime Minister […]
Fuel prices have seen a marginal decrease for the period of September 15 to October 14, 2025, according to a...
China's economic slowdown deepened in August with a raft of key indicators missing expectations, as weak domestic demand persisted and...
A new report from the United Nations University Institute for Natural Resources in Africa (UNU-INRA) confronts one of the most...
The Kenya National Chamber of Commerce and Industry (KNCCI) has signed a landmark Memorandum of Understanding (MoU) with the South...
