India’s latest quarterly growth figure has significantly surpassed even the most optimistic forecasts, positioning the nation as the world’s fastest-growing major economy. For the July–September quarter of Financial Year 2026 (Q2 FY26), the economy expanded by a staggering 8.2% in real terms year-on-year (YoY), marking the fastest pace recorded in six quarters, according to data […]
The global discourse on economic development is witnessing a seismic shift, nowhere more acutely than in Africa. This pivot was the central theme as international and local economic policy leaders converged in Nairobi for a high-level, three-day Research and Policy Summit hosted by the African Economic Research Consortium (AERC). The gathering, held under the ambitious […]
Kenya has officially launched a transformative $1.5 billion highway expansion project with two Chinese state-owned firms, marking a significant realignment in the country’s infrastructure financing strategy following the collapse of U.S.-backed development initiatives. The groundbreaking ceremony held on Friday represents Beijing’s return to major infrastructure development in East Africa after years of cautious lending, while […]
Prime Minister Mark Carney signed a landmark memorandum of understanding with Alberta Premier Danielle Smith on Thursday that fundamentally reshapes Canada’s approach to energy development and climate policy, scrapping several signature environmental regulations implemented under his predecessor Justin Trudeau in exchange for commitments to strengthen industrial carbon pricing and advance what would be the world’s […]
Senegal’s financial credibility has collapsed under the weight of a massive hidden debt scandal that has exposed billions of dollars in unreported liabilities, triggered multiple credit downgrades, frozen international lending programs, and sparked an increasingly contentious standoff between the West African nation’s new government and the International Monetary Fund over how to resolve the crisis. […]
Mars Wrigley has unveiled a transformative $33 million investment in its Kenyan operations, launching a state-of-the-art sugar-free gum production line at its Athi River facility that marks a strategic break from the confectionery giant’s long-standing reliance on European manufacturing. The Sh4.3 billion commitment over the next three years represents a significant vote of confidence in […]
The European Commission has announced plans to provide financial assistance in 2026 to Baltic countries and Finland that have suffered collateral economic damage from the European Union’s extensive sanctions regime against Russia. The initiative, led by Regional Commissioner Raffaele Fitto, aims to revitalize economies that have been particularly hard hit by the downturn in tourism […]
The Bank of Ghana has implemented its third consecutive aggressive interest rate reduction, lowering the monetary policy rate by 350 basis points from 21.5 percent to 18 percent following the conclusion of the central bank’s 127th Monetary Policy Committee meeting on November 26, 2025. This decisive monetary easing marks a pivotal moment in Ghana’s economic […]
Kenya Power has launched a nationwide deployment of Optical Character Recognition (OCR) technology to revolutionize how the utility reads electricity meters and generates bills for its 1.8 million postpaid customers. The automated system, which allows meter readers to scan meter displays instead of manually keying in readings, represents a major milestone in the company’s ongoing […]
Sweet-toothed consumers across the United Kingdom face paying substantially more for bottled milkshakes and ready-to-drink lattes after the government confirmed ambitious plans for a significantly tougher sugar tax regime. Health Secretary Wes Streeting announced the expansion on November 25, 2025, declaring that the government “will not look away as children get unhealthier” amid rising obesity […]
At least $750 million (Sh96.7 billion) in World Bank funding to Kenya remains frozen as the country works to meet...
The Bank of England has delivered a pre-Christmas boost to the struggling UK economy by cutting interest rates to 3.75%,...
The United States International Development Finance Corporation has finalized a $553 million loan with the Lobito Atlantic Railway consortium for...
The Kenyan government has issued an urgent call for applications under the World Bank-funded Kenya Jobs and Economic Transformation (KJET)...
