Nigeria’s economy has recorded its fastest growth rate in nearly four years, with Gross Domestic Product (GDP) expanding by 4.23% year-on-year in the second quarter of 2025, according to data released by the National Bureau of Statistics (NBS) on Monday. This represents a significant improvement from the 3.48% growth recorded in the same period of […]
Kenya is intensifying efforts to finalize a groundbreaking bilateral trade agreement with the United States by December 2025, as the African Growth and Opportunity Act (AGOA) approaches its critical September 30 expiration date. This landmark deal would mark the first comprehensive trade agreement between the US and a sub-Saharan African nation, representing a pivotal moment […]
President Donald Trump has enacted one of the most dramatic overhauls of American immigration policy in decades, signing two executive orders on Friday that fundamentally transform how the United States approaches both skilled worker visas and high-net-worth immigration. The sweeping changes impose a $100,000 application fee on H-1B visas while simultaneously launching the “Trump Gold […]
The diplomatic relationship between the Kingdom of Saudi Arabia and Tanzania has evolved into a comprehensive strategic partnership that transcends traditional ceremonial exchanges. As Saudi Arabia marked its 45th National Day with renewed commitment to deepening cooperation with Tanzania, the partnership has demonstrated remarkable progress across multiple sectors, positioning both nations for sustained economic growth […]
Kenya faces a devastating economic crisis as sophisticated criminal networks systematically drain between Sh243 billion and Sh253 billion annually from the national economy through illicit trade activities, according to a comprehensive joint report by the National Taxpayers Association and Oxfam. This staggering figure, which has more than doubled over the past four years, represents nearly […]
Gulf Cooperation Council central banks moved swiftly to cut their key interest rates on Wednesday, following the Federal Reserve’s decision to lower U.S. interest rates by 25 basis points for the first time this year. The coordinated monetary policy response reflects the region’s currency pegging mechanisms and underscores the strategic importance of maintaining competitive borrowing […]
The South African Reserve Bank’s Monetary Policy Committee made the strategic decision to hold the policy rate unchanged at 7% on Thursday, marking a pause in the central bank’s easing cycle that began in September 2024. The decision revealed a split within the committee, with four members favoring the status quo while two advocated for […]
The digital revolution has reached Kenya’s wildlife tourism sector in unprecedented fashion. Uber Technologies Inc. has officially launched Uber Safari, an innovative service that transforms how tourists and locals experience one of Africa’s most unique wildlife destinations. This groundbreaking initiative marks a significant milestone in Kenya’s tourism evolution, combining cutting-edge technology with the country’s rich […]
The Federal Reserve announced its first interest rate reduction of 2025 on Wednesday, cutting its benchmark rate by a quarter percentage point to a range of 4.00%-4.25% as growing concerns about labor market weakness took precedence over persistent inflation challenges, marking a significant shift in monetary policy direction amid unprecedented political pressure. The decision, which […]
Nigeria has achieved a breakthrough in agricultural financing with the Bank of Agriculture and Afreximbank securing a $1 billion fund designed to transform the livelihoods of smallholder farmers who produce over 90% of the country’s food supply, marking the largest agricultural intervention in the nation’s recent history and setting new precedents for continental food security […]
Kenya has enacted sweeping cybercrime legislation that imposes penalties of up to Sh20 million ($155,000) in fines or ten years...
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
