South Africa has secured a $925 million loan from the World Bank to support a six-year nationwide urban revitalization program designed to restore basic municipal services, rebuild critical infrastructure, and improve governance in major metropolitan regions. The loan will back the government’s new Metro Services Trading Program, an initiative that incentivizes improved delivery of water, […]
Kenya’s private sector demonstrated remarkable resilience and growth momentum in October, with business activity expanding at the strongest pace recorded in nearly three years, according to the latest Purchasing Managers’ Index data. The positive trajectory signals a significant economic turnaround for East Africa’s largest economy as it recovers from disruptions that characterized earlier periods of […]
President Donald Trump has once again resurrected his proposal to distribute a $2,000 dividend to American citizens funded by revenue collected from his administration’s sweeping tariff regime. The promise, posted on Truth Social over the weekend, represents the latest iteration of an idea the president has repeatedly championed throughout 2025 but has yet to implement […]
Egypt has accomplished a remarkable fiscal achievement by reducing its public debt by approximately 10% of its Gross Domestic Product over the past two years, according to Minister of Finance Ahmed Kouchouk. This reduction stands in stark contrast to global trends, as emerging market economies have experienced an average debt increase of 7% during the […]
Kenya has unveiled an ambitious and comprehensive plan to dramatically improve the efficiency and operational speed of the Port of Mombasa through a strategic partnership between the Kenya Ports Authority (KPA) and the Kenya Revenue Authority (KRA). The landmark agreement is expected to significantly ease chronic congestion, accelerate cargo clearance processes, and strengthen coordination among […]
The Dogger Bank wind farm, positioned to become the world’s largest offshore wind facility, is forecast to deliver a £6.1 billion economic boost to the United Kingdom over its operational lifetime, according to a newly released economic impact report commissioned by the project’s developers. The massive renewable energy installation, situated in the North Sea off […]
Nigeria’s economy is poised to maintain a moderate growth trajectory in the final quarter of 2025, with the Gross Domestic Product (GDP) projected to expand by 3.7 percent, according to a comprehensive economic analysis released by Cowry Asset Management. The anticipated growth reflects the measurable impacts of fiscal and monetary reforms that are beginning to […]
Trade between Kenya and the United Kingdom has entered one of its strongest phases in recent years, with the latest figures showing that total bilateral trade has surpassed Sh340 billion. The performance underscores a period of renewed commercial collaboration, investment flow, and policy alignment between the two economies following intensified diplomatic and trade engagements. The […]
Børge Brende, President of the World Economic Forum (WEF), has issued a stark warning about the potential formation of three major global economic bubbles that could reshape financial markets and trigger economic instability in the coming months. Speaking at a press conference in São Paulo, Brazil’s financial hub, Brende cautioned that artificial intelligence (AI), cryptocurrency, […]
Africa stands at the cusp of an unprecedented digital transformation, with the continent’s rapidly expanding digital economy projected to reach an impressive $1.5 trillion by 2030, according to groundbreaking projections revealed at the Mastercard Africa Edge Summit. This momentous forecast underscores Africa’s emergence as a formidable player in the global digital economy, driven by unprecedented […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
