Kenya is at a critical crossroads, struggling under the weight of unsustainable debt and rising fiscal pressures. National Treasury Cabinet Secretary John Mbadi recently delivered a stark assessment of the nation’s economic plight, warning that imprudent borrowing practices—especially the misuse of short-term loans to finance long-term development projects—have left the country with a debt burden […]
Goldman Sachs has raised its odds of a U.S. recession to 45%—up from 35% just a week ago. This marks the second consecutive hike in recession probability by the influential investment bank, reflecting growing anxiety over escalating trade tensions, a volatile global economy, and the uncertain outlook for U.S. economic growth. The revised forecast comes […]
The African Digital Economy & Inclusivity Conference (AFDEIC) 2025 is set to light up Abuja from August 12 to 14, 2025, as the continent’s top policymakers, business leaders, tech innovators, academics, and development partners converge to discuss how artificial intelligence (AI), robust digital infrastructure, and inclusive policies can drive Africa’s burgeoning digital economy. With projections […]
In a dramatic escalation of trade tensions, the United States has imposed a 10 percent reciprocal tariff on Kenyan exports, marking the latest move in President Donald Trump’s aggressive tariff campaign. Announced on April 3, 2025, this new tariff is part of a broader strategy by the Trump administration to recalibrate global trade relations by […]
In a dramatic statement that underscores the rising tensions between Washington and Tokyo, Japanese Prime Minister Shigeru Ishiba has described U.S. President Donald Trump’s tariffs on Japanese goods as a “national crisis.” Speaking ahead of cross-party talks aimed at mitigating the economic fallout, Ishiba’s comments came on Friday, as Japan’s economic landscape reels from sweeping […]
In a move that has sparked intense debate across the country, South Africa’s parliament approved a controversial budget framework on Wednesday, despite fierce opposition from the centre-right Democratic Alliance (DA). The budget, which includes a gradual increase in the Value Added Tax (VAT) that will see the rate rise to 16 percent by the fiscal […]
In a bold move to accelerate national development, President William Ruto has unveiled a Sh1.12 billion power project aimed at connecting over 9,000 households in Laikipia County to electricity. This announcement is part of a broader government drive to expand critical infrastructure across Kenya. During his recent visit to the region, the President not only […]
In a dramatic turn for one of the world’s most vital industries, India’s gems and jewellery sector – valued at approximately $32 billion – is bracing for a severe setback as the United States imposes a 26% reciprocal tariff on its exports. This decision, announced as part of a broader US trade strategy, has sent […]
In a significant development for global energy markets, Asia is poised to receive an additional shipment of fuel oil from Nigeria’s flagship Dangote refinery this April. This move, announced via the refinery’s latest tender, underscores Nigeria’s expanding role as a key supplier of refined petroleum products to Asia’s energy-hungry markets. With the cargo scheduled for […]
In a groundbreaking collaboration set to reshape the cultural and digital landscape of Kenya, the Nakuru County Government and Safaricom have signed a strategic deal to support investments in technology aimed at enhancing the creative sector and the arts. The partnership is designed to provide critical digital infrastructure and incentives that will empower artists and […]
The African digital real estate sector is undergoing a profound structural realignment, underlined by the recent, high-stakes acquisition of Kenyan...
Centum Investment Company, once celebrated as the quintessential Berkshire Hathaway of East Africa, finds itself grappling with a crisis of...
The ambitious journey to deliver quality, affordable shelter to Kenya’s rapidly expanding urban population scored a major victory recently as...
The domestic money market in Kenya is currently experiencing a profound period of high liquidity and intense investor confidence in...
