Angolan President João Lourenço delivered a forceful call for sweeping reforms to the global financial system during the seventh African Union-European Union summit in Luanda, warning that Africa’s development ambitions are being “stifled by unsustainable debt.” As current chair of the African Union, Lourenço’s remarks underscore the escalating urgency of a debt crisis that now […]
President William Ruto and Malaysian Prime Minister Dato’ Seri Anwar Ibrahim formalized a comprehensive bilateral partnership on Monday, November 24, 2025, at State House in Nairobi, marking a significant milestone in Kenya-Malaysia relations and opening substantial new economic opportunities for Kenyan agricultural exporters. The agreements reached during the high-level talks encompass trade liberalization, technology transfer, […]
The long-awaited September employment report released by the Bureau of Labor Statistics on Thursday offered a complex and somewhat contradictory picture of the United States labor market, revealing underlying tensions between job creation momentum and rising unemployment levels. The report, delayed for seven weeks due to the historic government shutdown, showed the economy added 119,000 […]
The International Monetary Fund has projected that Ethiopia’s economy will expand by 7.2 percent in 2025, positioning the East African nation among sub-Saharan Africa’s fastest-growing economies despite ongoing regional and global economic headwinds. This robust growth forecast reflects the country’s aggressive pursuit of structural reforms, successful debt restructuring efforts, and diversification initiatives aimed at building […]
The World Bank has revised Kenya’s economic growth projection for 2025 upward to nearly 5 percent, citing encouraging signs of recovery in the construction sector across East Africa’s largest economy. This upward revision, announced on Monday, November 24, 2025, represents a significant boost to Kenya’s economic outlook and reflects improving conditions in key industries that […]
Leaders of the world’s twenty largest economies have issued a landmark commitment to engage constructively in addressing persistent concerns regarding the global minimum tax regime and the complex tax challenges arising from the rapid digitalisation of the global economy, while simultaneously emphasizing the paramount importance of preserving the tax sovereignty of all participating countries. This […]
A historic global clean-energy mobilization campaign jointly spearheaded by Ursula von der Leyen, President of the European Commission, and Cyril Ramaphosa, President of South Africa, has successfully secured €15.5 billion in comprehensive financial commitments to support Africa’s ambitious transition toward renewable energy sources and modern electricity infrastructure. This landmark achievement represents one of the most […]
President William Ruto has declared Kenya’s remarkable economic transformation, announcing that the East African nation has risen from the precipice of financial collapse in 2022 to claim its position as Africa’s sixth-largest economy, with a gross domestic product that has surged to $136 billion from $115 billion just three years ago. This dramatic turnaround represents […]
In a bold strategic move to cement its position as a global commerce powerhouse, the United Arab Emirates on Thursday launched the UAE Global Centre of Trade programme, an ambitious international economic initiative designed to attract the world’s top one thousand companies specializing in international trade. The programme, announced by His Highness Sheikh Mohammed bin […]
After years of delays, financial obstacles, and environmental contention, Uganda’s transformative ambition to become a regional oil exporter has taken a decisive step forward with the East African Crude Oil Pipeline (EACOP) reaching seventy-five percent completion. The milestone, announced by Uganda’s Petroleum Authority on Wednesday, marks significant progress in one of Africa’s most ambitious and […]
At least $750 million (Sh96.7 billion) in World Bank funding to Kenya remains frozen as the country works to meet...
The Bank of England has delivered a pre-Christmas boost to the struggling UK economy by cutting interest rates to 3.75%,...
The United States International Development Finance Corporation has finalized a $553 million loan with the Lobito Atlantic Railway consortium for...
The Kenyan government has issued an urgent call for applications under the World Bank-funded Kenya Jobs and Economic Transformation (KJET)...
