Angola has successfully negotiated a three-year extension of its innovative debt facility with JPMorgan Chase, while securing an additional $500 million in financing under improved terms that reflect the Southern African nation’s strategic approach to managing its complex debt obligations. The extended agreement, announced by Angola’s finance ministry on Tuesday, January 14, carries an interest […]
Thousands of smallholder farmers across six Kenyan counties are poised to benefit from a comprehensive new European Union-supported initiative aimed at restoring soil health and strengthening climate-resilient agricultural practices. The Enhancing Soil Health and Agroecology in KCEP-CRAL (KCEP-CRAL Soil/ILSA) Action, officially launched on Tuesday in Kakamega County, will inject approximately Sh645 million into Kenya’s agricultural […]
The Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell has intensified debate among global investors about the need to diversify portfolios beyond United States assets, as concerns mount over the ongoing independence of the central bank and broader American institutional stability. While many market participants view the probe as political theater likely […]
Mozambique’s Port of Maputo, the country’s largest maritime gateway, achieved a historic milestone in 2025 by handling a record 32 million metric tons of cargo, marking a 3.4% increase from the previous year’s 30.9 million metric tons and cementing its position as a critical regional logistics hub for Southern Africa. The achievement comes despite significant […]
The United Nations has issued an urgent appeal for increased international support to Kenya as the East African nation struggles to sustain one of the world’s largest refugee populations amid what officials describe as the most severe global humanitarian funding crisis in decades, threatening the wellbeing of more than 800,000 displaced people who have sought […]
United States President Donald Trump announced Monday that any country engaging in commercial activity with Iran will face an immediate 25 percent tariff on all trade with the United States, dramatically escalating Washington’s economic pressure campaign against Tehran amid the largest anti-government demonstrations to convulse the Islamic Republic in years. “Effective immediately, any Country doing […]
The Government of Ghana has cleared a staggering $1.47 billion in legacy energy sector debts during 2025, representing the most decisive financial intervention in the West African nation’s power sector in nearly a decade and marking a critical turning point for an industry that had been pushed to the brink of collapse by years of […]
Small businesses, bolstered by expanding access to credit, are emerging as critical pillars of economic resilience across Kenya’s 47 counties, providing a crucial buffer against unemployment and uneven regional development in an economy where formal sector opportunities remain limited for millions of citizens. Data from the Kenya National Bureau of Statistics’ Gross County Product 2025 […]
The global economy is projected to grow by just 2.7% in 2026, marking a modest deceleration from the 2.8% estimated for 2025 and falling well short of the 3.2% pre-pandemic average that characterized the decade leading up to COVID-19, according to the United Nations’ World Economic Situation and Prospects 2026 report released on Thursday. The […]
Kenya and Ethiopia are poised to serve as the primary engines of Africa’s economic expansion in 2026, driving East Africa to a projected 5.8% growth rate—the highest among all African sub-regions—according to the United Nations’ World Economic Situation and Prospects 2026 report. This performance comes amid a complex landscape of improving macroeconomic stability in several […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
