Oil prices have tumbled to a 12‑week low as global market participants brace for the impact of an imminent output increase by the OPEC+ alliance. In New York on Monday, Brent crude futures dropped approximately 1.6%—settling at $71.62 per barrel—while U.S. West Texas Intermediate (WTI) crude declined about 2.0% to close at $68.37 per barrel. […]
In a climate where political alliances and economic imperatives are more intertwined than ever, South Africa finds itself at a critical juncture over a proposed increase in the value-added tax (VAT). The debate centers on a contentious budget proposal that could raise the VAT rate from 15% to as much as 17%. The ruling African […]
Kenya’s Finance Minister John Mbadi announced that the government will delay drawing down funds from a $1.5 billion privately placed bond arranged in the United Arab Emirates. Speaking on February 28, 2025, Mbadi explained that the decision is driven by the need to align the loan with the nation’s fiscal framework for the current financial […]
Ukrainian President Volodymyr Zelensky has reiterated his readiness to sign a US-Ukraine minerals deal—a strategic economic partnership intended to bolster Ukraine’s security ties with the United States. Speaking to the BBC’s Laura Kuenssberg, Zelensky insisted that despite a fraught meeting with US President Donald Trump at the White House last week, he remains committed to […]
Taiwo Oyedele—the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms—stressed that the new tax proposals would not reintroduce an inheritance tax. Speaking before the House of Representatives Committee on Finance, chaired by Hon. James Faleke Oyedele sought to clarify misunderstandings that have circulated in the media and among stakeholders. His remarks come […]
In a significant boost for regional integration and economic growth, Kenya and Somalia are on the verge of finalizing a trade facilitation agreement designed to eliminate irregular non-tariff barriers and streamline commerce between the two neighboring countries. This landmark Memorandum of Understanding (MoU) is expected to not only bolster trade relations but also contribute to […]
New U.S. steel tariffs, championed by President Donald Trump’s legacy policies and now taking effect this March, are set to upend a multi-billion dollar supply chain that has long seen Chinese steel flowing into the United States via transshipment through third countries. The move is expected to trigger a cascade of trade disruptions, intensify global […]
In a move that underscores its long-standing commitment to promoting financial stability and sustainable development in developing countries, the Qatar Fund for Development (QFFD) has signed a landmark loan and grant agreement with the Ministry of Economy and Finance of the Republic of Mali. The agreement, valued at $50 million, is designed to help Mali […]
In a bold move to transform Kenya’s transport infrastructure and stimulate regional economic growth, President William Ruto has officially launched the Ksh10 billion Kwa Jomvu-Mariakani Road. Spanning 30 kilometers between Mombasa and Kilifi counties, the project is poised to ease traffic congestion, improve connectivity, and enhance the operational efficiency of the Port of Mombasa. The […]
As the global economy faces renewed turbulence, a new UNDP policy paper warns that the debt crisis plaguing the world’s poorest economies is reaching unprecedented levels. In a stark message issued ahead of the G20 finance ministers and central bank governors meeting in South Africa, the United Nations Development Programme (UNDP) called for a comprehensive […]
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...
