The global economy is headed for rougher waters, according to a new report released today by the United Nations Conference on Trade and Development (UNCTAD). Global growth is now projected to slow to just 2.3% in 2025, falling beneath the often-cited 2.5% threshold that many economists associate with a technical global recession. This forecast paints […]
In a decisive move to bolster the nation’s industrial base and promote local innovation, the National Agency for Science and Engineering Infrastructure (NASENI) has unveiled comprehensive strategies aimed at enhancing the visibility, acceptance, and competitiveness of Made-in-Nigeria products. The initiative, described as both timely and necessary, seeks to tackle head-on the persistent challenges that have […]
In a landmark move that could reshape Kenya’s financial diplomacy and economic trajectory, the East African nation is preparing to receive the first $500 million installment of a $1.5 billion commercial loan from the United Arab Emirates (UAE). This initial disbursement, expected next week, marks a significant step in Nairobi’s pivot toward non-traditional lenders as […]
Introduction: A Perfect Storm of Trade Tensions and Economic UncertaintyThe International Monetary Fund (IMF) has called on Asian central banks to wield monetary policy as a shield against the economic fallout from escalating U.S. tariffs, warning that the region’s growth prospects face significant risks from trade disruptions and financial market volatility. In its latest regional […]
A Tit-for-Tat Trade Dispute Shakes Southern Africa Tanzania has ignited a regional economic standoff by imposing immediate bans on agricultural imports from South Africa and Malawi. The move, announced late Wednesday by Agriculture Minister Hussein Mohamed Bashe, is a direct retaliation against what Tanzania calls “hostile trade measures” imposed by its Southern African Development Community […]
In a significant move to bolster economic collaboration, Kenya and China have agreed to expedite the conclusion of a free trade agreement (FTA) following high-level discussions between President William Ruto and Chinese Prime Minister Li Qiang. This development underscores the deepening partnership between the two nations, aiming to enhance market access and mutual economic growth. […]
Britain’s public finances have taken a serious hit, as new figures reveal a significantly larger budget deficit than expected for the 2024/25 financial year. The government borrowed nearly £152 billion — approximately £15 billion more than what was projected just a month ago — reigniting concerns over the sustainability of the country’s economic strategy and […]
South Africa’s Finance Ministry stunned markets and consumers alike on Thursday by announcing that it will not proceed with the planned increase in value-added tax (VAT) from May 1. The decision, delivered in a brief statement, follows intense political opposition within the governing coalition and mounting concerns about the measure’s social and economic impact. Finance […]
In a dramatic shift in regional economic fortunes, the International Monetary Fund now projects Kenya’s gross domestic product will reach USD 132 billion in 2025, surpassing Ethiopia’s forecast USD 117 billion and marking Kenya as East Africa’s largest economy. This reordering of the pecking order reflects contrasting currency moves, divergent policy trajectories, and broader global […]
As Beijing and Brussels find themselves under mounting pressure from Washington’s sweeping new trade levies, China has openly signaled its readiness to partner with the European Union in defending the rules-based multilateral trading system. In remarks delivered on April 23, Foreign Ministry Spokesperson Lin Jian denounced last week’s U.S. decision to impose punitive tariffs as […]
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...
