Kenya’s President William Ruto has recently lauded the Finance Bill 2025, calling it a “carefully crafted” piece of legislation that will be instrumental in the country’s economic growth. During his address at the Uhuru Gardens on May 1, 2025, which coincided with the annual Labour Day celebrations, Ruto emphasized that the bill was designed to […]
As the world continues to rapidly evolve with technological advancements, artificial intelligence (AI) is increasingly positioned as a transformative force for the global economy. A recent report by PwC, titled Value in Motion, has revealed that AI could potentially drive a significant economic boost, increasing global economic output by as much as 15% by 2035. […]
The African Export-Import Bank (Afreximbank) has recently unveiled an ambitious $3 billion revolving credit line designed to facilitate easier access to fuel products for buyers across Africa and the Caribbean. This new initiative aims to tackle the continent’s longstanding reliance on imported fuels, offering a new avenue for sourcing petrol, diesel, jet fuel, and other […]
In a decisive move to rein in public spending and inject fresh momentum into Kenya’s economy, President William Ruto presided over a Cabinet meeting at State House, Nairobi, that approved the Finance Bill, 2025. The legislation, which now proceeds to Parliament, aims to sharpen tax administration, seal revenue leakages, and unlock growth—particularly for small businesses […]
West Texas Intermediate (WTI) crude continued its slide for a third straight session on Wednesday, trading near $59.50 a barrel during Asian hours. The benchmark is on track for its biggest monthly drop—down more than 15 percent—since November 2021, as mounting fears over slowing global growth, weakening fuel demand and rising supply combine to sap […]
While South Africa’s gross domestic product edged up by 0.6 percent in 2024—the strongest annual gain since mid-2023—the numbers mask an uneven recovery and deep structural hurdles. A bumper agriculture season, livelier trade activity and a resilient finance sector provided the bulk of growth, but mining, manufacturing and parts of the energy complex lagged behind. […]
As Kenya faces mounting economic pressures and dwindling external financing, the International Monetary Fund (IMF) has called on the government to prioritize development funding through careful expenditure management. IMF’s advice to Kenya comes amidst the challenges of shrinking access to external financing and the increasing difficulty in mobilizing adequate domestic revenue. The IMF has urged […]
In a critical address to the UN Economic and Social Council (ECOSOC) forum, the UN warned of an impending $4 trillion shortfall that threatens the progress of the Sustainable Development Goals (SDGs). At a time when rising global tensions, soaring debt, and increasing trade barriers are undermining international collaboration, the UN’s top officials called for […]
Zimbabwe is taking a bold step toward ensuring the sustainable management of its fisheries and aquaculture sector with the introduction of a new bill designed to streamline and regulate the country’s fishing industry. This move comes after years of criticism regarding the lack of a cohesive framework, which has contributed to overfishing and unsustainable practices, […]
In a critical move to reshape Kenya’s economic future, the Kenya Private Sector Alliance (KEPSA) has taken a front-line role in engaging Parliament to push for a more business-friendly Finance Bill 2025. The umbrella body, representing a vast array of Kenyan industries, has made clear its stance: the current fiscal landscape is unsustainable for investment […]
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...
