Africa’s economic recovery appears set to continue, with the United Nations Economic Commission for Africa (UNECA) projecting that the continent’s gross domestic product (GDP) growth will rebound to 3.8% in 2025 and further accelerate to 4.1% in 2026. The report, released during the 57th session of the Economic Commission for Africa: Conference of African Ministers […]
In a decisive move to transform Kenya’s economic landscape and foster gender equality, the Cabinet has approved the National Policy on Women’s Economic Empowerment. This landmark initiative aims to dismantle systemic barriers, create an enabling environment for women entrepreneurs, and drive sustainable development across the country. Aligned with Kenya’s Constitution, Vision 2030, and the Bottom-up […]
In a dramatic escalation of the global trade and economic conflict, former President Donald Trump is spearheading a new initiative aimed at curbing China’s near-monopoly in the shipbuilding industry. The administration’s proposal to impose steep levies on Chinese-made container ships arriving at U.S. ports is not only a direct challenge to Beijing’s dominance but also […]
In a landmark move aimed at deepening regional integration and boosting economic resilience, the Economic Community of West African States (ECOWAS) Commission and the West African Institute for Financial and Economic Management (WAIFEM) have reaffirmed their commitment to collaborative reform. This partnership seeks to enhance financial governance, promote sustainable growth, and prepare the region for […]
In a major step towards enhancing financial connectivity and promoting intra-African trade, KCB Group in Kenya and the Bank of Kigali in Rwanda have officially integrated the Pan-African Payment and Settlement System (PAPSS) into their operations. This integration marks a significant milestone in the digital transformation of Africa’s financial services sector, enabling faster, cheaper, and […]
Stock markets across the US and Asia experienced sharp declines on Monday as investors reacted to renewed concerns about the potential economic fallout from President Donald Trump’s tariff policies. The turmoil comes amid heightened uncertainty over whether the tariffs—aimed at pressuring key trade partners—will trigger inflation, slow economic growth, and possibly even lead to a […]
In a bold move aimed at addressing widespread concerns over mismanagement and inefficiencies in the housing sector, the Nigerian House of Representatives has mandated its Committee on Public Assets to investigate the Family Homes Fund Limited. The probe comes amid growing alarm over the utilisation of N1.5 trillion (approximately $662 million) approved for the construction […]
In a landmark move to bolster Kenya’s vibrant micro, small, and medium enterprises (MSMEs) sector, the Kenya Revenue Authority (KRA) has unveiled its new Micro & Small Taxpayers (MST) Department. This strategic initiative is designed to simplify tax compliance, provide customized support, and stimulate economic growth among small businesses—a critical engine of Kenya’s economy. Under […]
US President Donald Trump has, once again, sparked debate by refusing to definitively rule out the possibility of a recession in 2025. During an interview on Fox News, Trump expressed vague reassurances amid signs of market instability, stating, “I hate to predict things like that. There is a period of transition, because what we’re doing […]
On March 10, 2025, the operational phase of the African Continental Free Trade Area (AfCFTA) was officially launched—a landmark moment poised to redefine economic integration across the continent. This pivotal event, which builds on years of diplomatic negotiations and strategic planning, signals the beginning of a new era for African trade. Leaders at the summit, […]
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...
