Global leaders and economic analysts are responding with concern and warnings following President-elect Donald Trump’s announcement of sweeping new tariffs targeting America’s three largest trading partners—Canada, Mexico, and China. The proposed tariffs, which include 25% on goods from Canada and Mexico and 10% on Chinese imports, are intended to address illegal immigration and drug trafficking, […]
The International Monetary Fund (IMF) and Ethiopian authorities have reached a staff-level agreement to conclude the second review of the four-year, USD 3.4 billion Extended Credit Facility (ECF) arrangement. Formal approval by the IMF Executive Board would release approximately USD 251 million to Ethiopia, marking significant progress in the nation’s economic reform agenda. Ethiopia’s ambitious […]
Ride-hailing app Uber Kenya has significantly influenced the country’s economy, contributing an estimated KSh 14 billion in 2023, according to its first Economic Impact Report. Launched on November 26, 2024, at the Fairmont Norfolk Hotel in Nairobi, the report details Uber’s contributions to job creation, income generation, tourism, and more. Compiled by Public First, a […]
Emerging markets are bracing for a challenging and uncertain year ahead, with economic shifts in the United States and fluctuating growth in China shaping a complex landscape for 2025, according to JPMorgan’s annual outlook. The Wall Street bank forecasts a significant slowdown in growth across developing nations, projecting a dip from 4.1% this year to […]
Egypt and Liberia have signed a memorandum of understanding (MOU) to collaborate on aquaculture development, officials announced. The agreement, signed Monday by the Egyptian Lake Protection and Fish Resources Development Authority (LPRDA) and Liberia’s National Fisheries and Aquaculture Authority (NFAA), aims to boost sustainable development and economic integration in the fisheries sector. Strengthening African Partnerships […]
President William Ruto has established a high-level Economic Partnership Agreement (EPA) Council to oversee the implementation of Kenya’s landmark trade deal with the European Union (EU). This move marks a significant step in deepening economic ties between Kenya and the EU, creating new opportunities for trade, investment, and sustainable development. Leadership of the EPA Council […]
The European Commission has announced significant changes to its environmental regulations, aiming to simplify green laws that have drawn criticism for stifling industrial growth. This move marks a dramatic shift in the EU’s Green Deal policies, as Europe grapples with an economic slowdown, heightened global competition, and political pressures to reduce regulatory burdens. The reforms […]
The Bank of Tanzania (BoT) is intensifying its efforts to regulate digital lending in the country, targeting unlicensed operators in an industry that has rapidly gained traction. The move seeks to protect consumers, maintain market stability, and uphold ethical practices within the digital microfinance sector. BoT’s Crackdown and Licensing Requirements As of November 14, the […]
Investment in advanced technology by Kwale International Sugar Company (KISCOL) has rejuvenated sugarcane farming in Kenya’s coastal region, bringing hope to over 1,500 outgrowers. This development has not only extended the sugarcane crushing season but has also aligned with the government’s long-term goals for food security and economic growth in the agricultural sector. Revitalization through […]
Japan’s government is deliberating a plan to raise the basic income tax threshold, introducing effective permanent tax cuts estimated at $51 billion. This move, a key component of a 39 trillion yen ($253 billion) economic stimulus package, aims to address persistent labor shortages, increase disposable income, and encourage private consumption. However, the proposal has sparked […]
Aquaculture, the fastest-growing segment of the global food system, now produces more than half of the world's fish. In Kenya,...
The Gulf Cooperation Council (GCC) has experienced significant growth in its debt capital markets, with a year-on-year increase of 11%...
The Nigeria Labour Congress (NLC) has strongly criticized the National Assembly over its exclusion of workers and trade unions in...
HF Group Plc, a leading financial solutions provider in Kenya, has achieved a remarkable milestone with the successful completion of...