In a significant development for global commerce, a 15% tariff has been formally applied to a wide array of European Union goods entering the United States. This move, confirmed by a senior EU official on Tuesday, marks a crucial juncture in the often-strained trade relationship between the two economic powerhouses. Unlike more selective agreements Washington […]
In a significant blow to South Africa’s already challenged export sector, Danish shipping giant Maersk has announced the discontinuation of its direct cargo shipments between South Africa and the United States, effective October 1. This strategic decision means that South African exports destined for the U.S. will now be rerouted via European transshipment hubs, leading […]
The Kenya Human Rights Commission (KHRC) has released a scathing new report, “Failing the Hustlers,” sharply criticizing the government’s flagship Hustler Fund initiative. The report concludes that the Fund, launched with much fanfare, is structurally unsound, economically unsustainable, and politically manipulated, ultimately recommending its complete shutdown. This damning assessment challenges the core of the Kenya […]
The European Commission has officially launched a comprehensive public consultation and call for evidence for its eagerly anticipated Circular Economy Act. This pivotal initiative marks a significant stride in the European Union’s ambitious journey towards a more sustainable, resilient, and competitive future. With feedback open until November 2025, the EU is inviting a broad spectrum […]
In a decisive move to cushion its economy from the impact of new 30% tariffs imposed by the United States, South Africa has unveiled a comprehensive, multi-pronged strategy. The Departments of International Relations and Cooperation (DIRCO) and Trade, Industry, and Competition (DTIC) issued a joint statement today, outlining a detailed response that combines diplomatic engagement […]
Tata Chemicals Magadi Limited has announced a significant and ambitious expansion plan for its soda ash mining activities at Lake Magadi, a move set to substantially increase its production capacity to 600,000 tonnes within the next five years. This strategic initiative, unveiled by the firm’s Managing Director, Swaminathan Nagarajan, is poised to boost Kenya’s exports […]
The influential OPEC+ alliance has announced a significant decision to increase its collective oil production by 547,000 barrels per day (bpd) in September. This move, confirmed in a statement released on Sunday, signals the group’s confidence in improved global economic prospects and what it describes as “stable market fundamentals.” The decision marks the final stage […]
South Africa is bracing for a significant economic blow as a 30% tariff on its exports to the United States is set to take effect next week. This punitive measure, announced in an executive order by U.S. President Donald Trump, follows South Africa’s failure to secure a favorable trade deal before a critical deadline. The […]
After nearly a year of welcome subdued inflation, Kenya’s consumer prices are once again on an upward trajectory, raising significant concerns about the hard-won economic gains and the durability of recent interest rate cuts. The latest data reveals a worrying trend: Kenya’s inflation rate rose to 4.1% in July 2025, marking a three-month high and […]
In a move that sent immediate ripples across international markets and diplomatic circles, U.S. President Donald Trump today escalated his “America First” trade agenda, slapping steep tariffs on exports from dozens of trading partners, including key allies and economic powerhouses like Canada, Brazil, India, and Taiwan. This aggressive push, coming just ahead of a self-imposed […]
Global credit ratings agency S&P Global Ratings upgraded Kenya's long-term sovereign credit rating to 'B' from 'B-' on Friday, citing...
Syria will issue new banknotes in December 2025, removing two zeros from its currency in an ambitious attempt to restore...
Reserve Bank Governor Lesetja Kganyago has issued a stark warning that South Africa is heading toward serious financial trouble, with...
HewaTele Limited, a Kenyan medical oxygen producer, has secured US$10.5 million from AfricInvest's Transform Health Fund to build a large-scale...
