Global trade reached an all-time high of $33 trillion in 2024—a record expansion of 3.7%, or an additional $1.2 trillion—according to the latest Global Trade Update by UN Trade and Development (UNCTAD). This unprecedented growth was largely driven by the services sector, which surged by 9% and contributed a whopping $700 billion—nearly 60% of the […]
In a stunning policy shift that is sending shockwaves through Rwanda’s development community, the Trump administration has announced the closure of 83 percent of USAID programs. The decision, which affects approximately 5,200 contracts worldwide—including several key initiatives in Rwanda—is already inflicting severe consequences on local humanitarian and development projects. With hundreds of jobs on the […]
Kenya and the International Monetary Fund (IMF) have reached a significant turning point in their economic engagement as formal talks on a new lending programme commence. This development comes after both sides mutually agreed to forgo the ninth review of the current $3.6 billion programme under the Extended Fund Facility (EFF) and Extended Credit Facility […]
The transatlantic economic relationship—worth an astounding $9.5 trillion annually—is now at a critical juncture as escalating tariff measures threaten to upend decades of interlinked business and investment flows. In a dramatic turn of events, the American Chamber of Commerce to the European Union (AmCham EU) has warned that the recent imposition of tariffs on steel […]
In a decisive move aimed at transforming its automotive landscape, South Africa is set to invest R1 billion (approximately $54.27 million) to support the local production of new energy vehicles (NEVs) and batteries, along with related manufacturing projects. Announced by the National Treasury on March 14, 2025, this strategic initiative is designed not only to […]
Kenya is at a critical crossroads in its fight against HIV. With key drugs rapidly depleting and several HIV clinics forced to close, the country now urgently requires an additional Sh5.24 billion to sustain its HIV response until June. Over the longer term, Kenya will need Sh13.5 billion for the 2025/2026 fiscal year. This desperate […]
President Trump’s sweeping tariffs on imported steel and aluminum went into effect Wednesday, marking the latest move in a controversial trade policy that has already sparked significant international backlash and set the stage for an escalating global trade war. The administration’s decision to impose a 25 percent tariff on metal imports from every country supplying […]
In a stark warning of a deepening humanitarian and economic crisis, the World Bank has projected that South Sudan will experience universal poverty in 2025. According to its latest “South Sudan Economic Monitor” report, the combination of a steep decline in oil production, severe external shocks, skyrocketing inflation, and the aftermath of natural disasters is […]
The Energy and Petroleum Regulatory Authority (Epra) is finalizing its review of a groundbreaking deal that could reshape East Africa’s power trade. The agreement involves transporting 100MW of electricity from Ethiopia to Tanzania, with Kenya’s transmission infrastructure playing a pivotal role in the transit. If approved, the deal will mark another milestone in the region’s […]
Moody’s Ratings on Wednesday projected that India’s economic growth will surpass 6.5% in the next fiscal year (FY26), up from 6.3% in FY25. The upbeat outlook is anchored in a combination of higher government capital expenditure, consumption support through tax cuts, and monetary easing by the Reserve Bank of India (RBI). This forecast comes on […]
The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari...
Family Bank Group has delivered an exceptional financial performance for the nine months ending September 30, 2025, recording a significant...
On November 30, the decentralized finance (DeFi) sector absorbed yet another significant security breach, this time striking one of its...
The intersection of decentralized ledger technology (DLT), artificial intelligence (AI), and aerospace is no longer confined to science fiction. Intellistake...
