India is poised to maintain its position as the world’s fastest-growing major economy, with Moody’s Ratings projecting a steady growth rate of 6.5% through 2027, according to the agency’s latest Global Macro Outlook 2026-27 report released on Wednesday. This optimistic forecast comes despite mounting concerns over potential U.S. tariff policies and persistent global economic uncertainties […]
Nigeria has taken a decisive step toward cementing its position as a digital economy leader in Africa with the advancement of the National Digital Economy and e-Governance Bill 2025 at a landmark public hearing held at the National Assembly Complex in Abuja. The joint session, convened by the Senate and House of Representatives Committees on […]
The United Bank for Africa (UBA) Group has made a landmark commitment of Sh19 billion ($150 million) to Kenya’s ambitious Road Infrastructure Securitisation Programme, marking a significant milestone in the nation’s quest to modernize its transport network and strengthen regional trade corridors. This substantial investment, announced during a high-profile meeting between President William Ruto and […]
In a landmark collaboration aimed at reshaping the global tourism landscape, the Ministry of Tourism of Saudi Arabia and the World Economic Forum announced the launch of Beyond Tourism on November 12, 2025. This ambitious multi-sector initiative seeks to transform the international tourism industry through coordinated, measurable action focused on sustainability, social inclusion, and economic […]
South Africa’s National Treasury has unveiled a significant strategic pivot in its debt management approach, signaling an increased reliance on the domestic bond market to address a mounting wave of maturing debt obligations. The announcement, detailed in the medium-term budget policy statement released on Wednesday, reflects the government’s efforts to navigate complex fiscal challenges while […]
The global debt landscape is undergoing a seismic shift as developing nations from Kenya to Sri Lanka increasingly turn their backs on traditional dollar-denominated loans in favor of Chinese yuan financing. While the immediate cost savings appear attractive, the International Monetary Fund has issued a stern warning about the potential long-term currency risks that could […]
Buenos Aires – In a revelation that ended days of speculation among economists and financial analysts, United States Treasury Secretary Scott Bessent confirmed on Tuesday that Argentina has activated the controversial US$20 billion currency swap line established by the Trump administration to stabilize the South American nation’s volatile peso. The announcement, made during an interview […]
In a significant diplomatic and economic development, Egypt has taken concrete steps to deepen its comprehensive strategic partnership with China through a high-level knowledge exchange program that brought together government officials from both nations. The initiative represents a pivotal moment in bilateral relations, marking the operational activation of a crucial agreement signed earlier this year […]
Kenya’s government has taken a major step toward restoring momentum in its road and transport infrastructure development by settling KSh 93 billion in long-standing arrears owed to contractors across the country. The payments were facilitated through part of a KSh 104 billion syndicated loan sourced from commercial banks, which served as a bridge facility while […]
The U.S. Senate has approved a new funding bill aimed at ending the ongoing government shutdown, advancing the measure to the House of Representatives in what could mark the conclusion of a politically contentious and economically disruptive standoff. The bill, backed by President Donald Trump on Monday afternoon, appears to have garnered bipartisan support, increasing […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
