In a major shake-up for Kenya’s supplier community, the National Treasury has declared Sh270 billion of pending government bills ineligible for payment, according to a statement by Treasury Principal Secretary Chris Kiptoo. A special audit committee, chaired by former Auditor General Edward Ouko, vetted Sh665 billion in outstanding claims and cleared just Sh230 billion as […]
A recent April 2025 Economic Impact Study by Nielsen has quantified what many in Thailand’s sports and tourism sectors have long suspected: ONE Championship, the world’s largest martial-arts organisation, generates approximately US $470 million in annual economic value for Thailand through its portfolio of combat-sports events (Bangkok Post, nationthailand). From packed stadiums in Bangkok to […]
In response to swirling media reports and diplomatic rumblings, South Africa’s Department of Agriculture has officially denied ever imposing a ban on the importation of Tanzanian bananas. Instead, officials emphasize that market access for this staple fruit has simply never been formalized—meaning neither a ban nor approval has been put into effect. The clarification comes […]
Introduction Today, President William Ruto is set to hand over 1,080 housing units to beneficiaries of the Mukuru Affordable Housing Project in Embakasi South, Nairobi. Spanning 56 acres, Mukuru stands as Kenya’s largest affordable housing development to date, ultimately delivering 13,248 homes across multiple phases (The Star). This milestone forms part of the Government’s Affordable […]
Introduction The fifth edition of the Qatar Economic Forum, Powered by Bloomberg, arrives at a pivotal juncture in global affairs, marked by seismic shifts in markets, technology, and geopolitics. Under the patronage of His Highness the Amir Sheikh Tamim bin Hamad Al Thani, the Forum convenes from May 20–22, 2025, at the Qatar National Convention […]
Introduction When U.S. President Donald Trump announced reciprocal tariffs on April 2, 2025, African exporters braced for impact. Eight member states of the Common Market for Eastern and Southern Africa (Comesa) found their goods suddenly subject to duties ranging from 10% up to 50%, even as critical minerals remained exempt. Faced with this abrupt policy […]
Introduction Kenya’s vibrant horticulture sector, long celebrated for supplying Europe with beans, peas, and an array of fresh produce, faced a dramatic setback in 2024 when the European Union’s (EU) tightened pesticide and phytosanitary protocols slashed export volumes by over 50 percent. According to the 2025 Economic Survey published by the Kenya National Bureau of […]
Introduction Early on Friday, Moody’s Investors Service cut the United States’ sovereign credit rating by one notch—from Aaa to Aa1—citing the nation’s burgeoning US $36 trillion debt burden and a track record of persistent fiscal deficits. As the last of the three major ratings agencies to downgrade America’s once-pristine rating, Moody’s move has sharpened investor […]
A New Chapter in Ethiopia’s Green Mobility Journey In a landmark event on May 17, Chinese automaker Guangzhou Automobile Group Co., Ltd (GAC Group) unveiled two of its electric vehicle (EV) models—the AION Y and the Trumpchi ES9—to the Ethiopian market in Addis Ababa. This marks GAC’s official entry into East Africa’s burgeoning EV space, […]
Kenya’s fashion landscape is undergoing a paradigm shift—one that reconciles the vibrant trade in second-hand clothing, known locally as Mitumba, with a burgeoning domestic apparel manufacturing industry. A landmark report released on 15 May 2025 by the Mitumba Consortium Association of Kenya (MCAK) titled “A Future Look at the Apparel and Footwear Industry in Kenya […]
Kenya’s monetary policy cycle has entered a defining phase. The Central Bank of Kenya (CBK) has lowered its benchmark rate...
In a development that signals a deeper convergence between traditional finance and digital assets, Binance, the world’s largest cryptocurrency exchange...
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
