In a landmark move set to reshape the future of Nigeria’s power sector, the Federal Executive Council (FEC) has approved the long-awaited National Integrated Electricity Policy (NIEP), a pivotal roadmap aimed at reforming and modernizing the Nigerian Electricity Supply Industry (NESI). This strategic approval, which comes months after the policy’s initial submission in December 2024, […]
Kenya is on track to become East Africa’s largest economy in 2025, overtaking long‑time regional leader Ethiopia, according to the latest International Monetary Fund projections. While Ethiopia’s GDP is forecast at about $117 billion next year, Kenya’s output is expected to reach roughly $132 billion. This shift reflects contrasting policy decisions, financing strategies and economic resilience in two of […]
Britain and India sealed a landmark free trade agreement on May 6, 2025, after three years of stop‑start negotiations. As the world’s fifth‑ and sixth‑largest economies, they pledged to deepen their economic partnership at a time when global supply chains have been rattled by protectionist measures and volatility in major markets. The deal is hailed […]
In a decisive move to reshape Nigeria’s economic trajectory, the Federal Executive Council (FEC) on May 5, 2025, approved the Renewed Hope Nigeria First Policy, a sweeping framework designed to place homegrown businesses and manufacturers at the center of all federal procurement and investment decisions. Presided over by President Bola Ahmed Tinubu, the Council directed […]
A fresh warning from the United States Department of Agriculture’s Foreign Agricultural Service has cast a spotlight on Kenya’s sugar sector, predicting a sharp 19.8 percent drop in domestic sugar output for the 2025/2026 marketing year. Production is forecast to fall from 810,000 metric tonnes in 2024/2025 to just 650,000 metric tonnes, due to shrinking cane acreage, aging […]
Moody’s Ratings surprised few by cutting India’s real GDP growth forecast for the 2025 calendar year to 6.3 percent, down from its prior 6.5 percent projection. The announcement, made on May 6, 2025, comes against a backdrop of intensifying policy uncertainty in the United States—mainly over tariffs and trade restrictions—and mounting geopolitical stresses worldwide. While Moody’s left its 2026 […]
Eskom has delivered a message of optimism to South Africans ahead of the coming winter season, promising no load shedding for at least the next four months and warning that, even in a worst‑case scenario, rolling blackouts would be limited to brief, low‑level interruptions. At a pre‑winter media briefing on May 5, 2025, held at Megawatt […]
Kenya’s National Treasury has unveiled its Budget Policy Statement (BPS) for the fiscal year 2025/26, presenting an ambitious increase in the nation’s budget estimates to KSh 4.26 trillion, up from KSh 3.98 trillion in the 2024/25 fiscal year. This shift reflects the government’s continuing efforts to balance economic transformation and fiscal discipline, while also responding […]
A groundbreaking report from a leading UK charity has lifted the veil on the hidden economic toll of poverty and hunger, revealing that hardship costs the nation a staggering £75.6 billion each year. Far from being an abstract moral failing, this crisis exacts a concrete price in lost productivity, higher welfare bills, strained public services, and […]
Tanzania’s financial landscape has undergone a dramatic shift with the recent implementation of new regulations that prohibit the use of foreign currencies, including the US dollar, for local transactions. These new rules, announced by the Bank of Tanzania and published in the Government Gazette on March 28, 2025, have set the stage for a significant […]
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...
