Namibia and Kenya are positioning themselves to seize regional and continental economic opportunities to bolster economic growth, trade, and regional integration. These efforts were underscored during the Namibia–Kenya political and diplomatic consultations held earlier this week in Windhoek, Namibia. The consultations culminated in a joint communiqué highlighting the nations’ commitment to deepening their bilateral relations […]
The uncertainty surrounding new U.S. bank capital rules continues to cast a shadow over financial markets, especially as the presidential election looms. While the Federal Reserve’s regulatory chief, Michael Barr, has outlined a plan to raise big bank capital by 9%, this is a significant reduction from the earlier proposal of 19%. It shows a […]
A new report by the African Export-Import Bank (Afreximbank) reveals that East Africa is now the most indebted region on the continent. This growing debt crisis is affecting economic stability across African nations, triggering divestment, declining investor confidence, and threatening the region’s ability to service its loans. The issue of indebtedness has been compounded by […]
Introduction On Tuesday, September 10, 2024, Kenya announced a ban on sugar imports from countries outside the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC). The move, spearheaded by the Ministry of Agriculture and Livestock Development, comes as Kenya’s sugar production levels improve, reducing the country’s reliance on external […]
The highly anticipated first presidential debate between Republican nominee, former President Donald Trump, and Democratic nominee, Vice President Kamala Harris, took place in Philadelphia, Pennsylvania, on September 10, 2024. The debate, hosted by ABC News, was not only a crucial moment for the candidates but also a pivotal event for investors, as financial markets have […]
Introduction In the face of global economic and geopolitical instability, African nations are increasingly turning to gold as a hedge against financial uncertainty. This trend comes amid rising inflation, currency volatility, and concerns over the reliance on global financial systems. Gold, traditionally viewed as a safe-haven asset, has gained prominence in many African central banks’ […]
For decades, Nigeria, Africa’s largest economy, has been heavily reliant on its oil industry. However, with the global shift towards renewable energy and electric vehicles (EVs), the country is now eyeing the booming global lithium market as a potential new source of economic growth. With the world transitioning to cleaner energy sources, lithium, a key […]
Qatar’s Central Bank (QCB) has reported a notable increase in its international reserves and foreign currency liquidity, marking a 4% year-on-year (Y-o-Y) rise as of August 2024. The total reserves reached QR 252.3 billion, reflecting the strength of the Qatari economy and the effectiveness of its monetary policies. This increase comes amid a series of […]
Introduction Kenya and the European Union (EU) have reinforced their commitment to the European Union-Kenya Economic Partnership Agreement (EPA), which officially came into force on July 1, 2024. This landmark trade deal is expected to significantly impact Kenya’s export market and its overall economy, fostering long-term growth and sustainable development. However, the deal has sparked […]
Introduction Kenya has made significant strides in the agricultural sector, particularly in macadamia nut farming, which has solidified the country’s position as a leading exporter in the region. This progress comes despite various regulatory and market challenges that have historically plagued the sector. According to the 2024 Africa Agriculture Status Report published by the Alliance […]
In a decisive move to fortify its economic resilience and reassure international investors, Kenya has finalized a landmark agreement aimed...
A significant trade dispute is brewing between two of the world's largest democracies, India and the United States, as New...
In a strategic move to alleviate its burgeoning debt burden and unlock crucial development financing, Egypt has successfully secured over...
As Kenyans prepare for fresh Saba Saba Day protests on Monday, the government has sounded a strong alarm regarding potential...
