Kenya has made a significant step in bolstering its international economic relations by finalizing a landmark Double Taxation Agreement (DTA) with Singapore. This agreement, reached on the sidelines of the United Nations General Assembly (UNGA) in New York, marks Singapore as the 50th nation to establish such an arrangement with Kenya. The DTA aims to […]
On September 24, 2024, Moody’s Investors Service issued a report highlighting concerns about the future of the U.S. fiscal profile as the country heads into its 2024 presidential election. Regardless of whether Democrat Kamala Harris or Republican Donald Trump emerges as the victor on November 5, Moody’s anticipates that political challenges and the country’s already […]
Nigeria’s external reserves have surged to a 22-month high, reaching $37.31 billion as of September 18, 2024, according to data released by the Central Bank of Nigeria (CBN). This marks the highest level since November 4, 2022, when the reserves stood at $37.36 billion. The increase signals a significant recovery in Nigeria’s foreign currency position […]
Kenya is poised to strengthen its position as a global hub for business tourism, thanks to a strategic partnership between the Kenyatta International Convention Centre (KICC) and Kenya Airways (KQ). The collaboration, which aims to enhance the promotion of Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism, marks a significant step forward for the country’s burgeoning […]
The global financial landscape has been filled with cautious moves and careful maneuvers, as central banks in major economies like Japan and China kept their interest rates unchanged amidst a delicate balance of inflationary pressures, economic slowdown, and fluctuating market dynamics. Both the Bank of Japan (BOJ) and the People’s Bank of China (PBoC) are […]
Rwanda is the latest country to embrace data vending as a new revenue stream for its stock exchange, following the footsteps of other East African countries like Kenya, Tanzania, and Uganda. The Rwanda Stock Exchange (RSE) is making this strategic move to offset declining trading incomes caused by sluggish equity market performance, shrinking rights issues, […]
Kenyan President William Ruto issued a strong call for comprehensive reforms in global governance and financial systems during his address at the Summit of the Future’s Interactive Dialogue at the United Nations General Assembly in New York on September 22, 2024. Ruto emphasized that these reforms are essential to prevent an impending crisis that threatens […]
The Bank of Japan (BOJ) maintained its short-term interest rates at 0.25% following a two-day meeting that concluded on September 20, 2024. This move, widely anticipated by market analysts, underscores the central bank’s ongoing efforts to balance between inflation control and fostering economic recovery. The BOJ also revised its outlook on consumption, offering a more […]
In a significant move to modernize its financial landscape, South Sudan has introduced strict limits on cash withdrawals in an effort to promote the use of electronic payment systems. The Bank of South Sudan (BoSS), the country’s central banking authority, has capped daily cash withdrawals at SSP10 million (approximately $3,730.58) per individual or entity. The […]
Safaricom, Kenya’s leading telecommunications provider, has entered into a strategic partnership with Mastercard to enhance payment acceptance and cross-border remittance services. This collaboration will benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money platform, which has become a cornerstone of Kenya’s digital financial ecosystem. The partnership marks a significant step toward fostering greater financial inclusion […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
