In a powerful testament to its escalating commitment to Africa’s economic development, China has significantly intensified its engagement with the continent, injecting more than US$22.85 billion in fresh investments and funding within the first five months of 2025 alone. This unprecedented financial flow coincides with a record-high trade volume of US$134 billion between China and […]
In a significant announcement that reverberates across Kenya’s financial landscape, the Central Bank of Kenya (CBK) has unveiled a pivotal change to the country’s banking operations. Effective July 1, 2025, the working hours for the Kenya Electronic Payment and Settlement System (KEPSS), the nation’s Real-Time Gross Settlement (RTGS) system, will be dramatically extended from its […]
The U.S. central bank, the Federal Reserve, announced today its decision to maintain the benchmark overnight interest rate at its current range of 4.25%-4.50%. While policymakers still project potential rate cuts later in 2025, Federal Reserve Chair Jerome Powell issued a stark warning: the looming threat of new import tariffs by the Trump administration is […]
In a move reflecting a cautious stance amidst a complex global economic landscape, the Bank of Namibia (BoN), the nation’s central bank, announced on Wednesday its decision to keep its main interest rate, the repo rate, unchanged at 6.75%. This marks the second consecutive Monetary Policy Committee (MPC) meeting where the rate has been held […]
In a move poised to significantly bolster its agricultural export sector, Kenya has received a major vote of confidence from the European Union (EU), which has officially classified the East African nation as a “low-risk” country under its stringent new anti-deforestation regulations. This critical reclassification is set to provide a substantial boost to Kenyan exporters, […]
Japanese Prime Minister Shigeru Ishiba’s high-stakes bid to persuade U.S. President Donald Trump to ease punitive tariffs on Japanese automotive exports appears to have fallen flat at the recent G7 Leaders’ Summit in Calgary, Alberta. Ishiba’s diplomatic setback, underscored by a lack of tangible progress on a critical trade dispute, casts a long shadow over […]
The South African sugar industry, a vital component of the nation’s agricultural economy and a cornerstone of rural livelihoods, is facing an existential threat. SA Canegrowers, the representative body for the country’s sugarcane farmers, has issued a dire warning: a relentless influx of cheap, often subsidised, sugar imports is imperiling thousands of jobs and destabilising […]
In a significant move aimed at bolstering international trade and investment, the Kenya Private Sector Alliance (KEPSA), in partnership with the Embassy of Hungary and other key stakeholders, successfully co-hosted the Kenya-Hungary Business Forum on June 16, 2025. This high-profile event, held in Nairobi, served as a crucial platform to facilitate robust business-to-business (B2B) engagements […]
Foreign Direct Investment (FDI) has long been recognized as a powerful engine for economic growth, job creation, and technological advancement in developing economies. However, new research from the World Bank paints a concerning picture: FDI flows to low- and middle-income countries have plummeted to their lowest levels since 2005. This alarming decline reflects a troubling […]
Accra, Ghana & Abidjan, Ivory Coast: In a significant standoff shaking the African mining sector, major gold producers operating in Ghana and Ivory Coast are refusing to comply with new tax increases imposed this year. Industry sources indicate that these companies argue the revised regulations flout the terms of their existing licence agreements, raising fundamental […]
Pakistan is entering a new chapter in its automotive history. For the first time since the country gained independence 77...
Finance ministers from the Group of Seven (G7) have agreed to delay any immediate release of oil from strategic reserves,...
Nextpower, a leading global provider of intelligent power generation technology and solutions for solar power plants, has reached an important...
HSBC has appointed Denise Odaro as its new Head of Sustainable Finance and Transition for Europe and the Americas, bringing...
