The world’s youngest nation, South Sudan, is once again at a critical economic crossroads, facing a severe financial crisis that has pushed its leadership to seek urgent external assistance. In a clear sign of the deepening woes, South Sudan’s President Salva Kiir has undertaken two official trips to the United Arab Emirates (UAE) this year, […]
In a decisive move to fortify its economic resilience and reassure international investors, Kenya has finalized a landmark agreement aimed at shielding over Ksh260 billion (approximately $2 billion) in foreign investments from the vagaries of political and economic uncertainties. This significant development comes just days after nationwide protests raised considerable concerns over the country’s investment […]
A significant trade dispute is brewing between two of the world’s largest democracies, India and the United States, as New Delhi formally proposes retaliatory duties at the World Trade Organization (WTO). The move comes in response to Washington’s imposition of a 25 percent tariff on automobiles and certain auto parts, a measure India contends will […]
In a strategic move to alleviate its burgeoning debt burden and unlock crucial development financing, Egypt has successfully secured over $900 million in debt swap agreements with key international partners, including Germany, Italy, and, for the first time, China. This proactive approach, announced by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit financial flows, and inefficient public spending that are severely impacting its development trajectory. A recent and comprehensive report by the African Development Bank (AfDB) sheds stark light on the magnitude of these issues, revealing that […]
The United States labor market delivered a robust performance in June, with job growth surpassing economists’ forecasts and the unemployment rate unexpectedly dipping. This latest data, released by the Labor Department’s Bureau of Labor Statistics (BLS) in its closely watched employment report on Thursday, paints a picture of resilience, potentially reshaping the Federal Reserve’s timeline […]
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone for this continental shift. A new benchmark study, the ADCA INSIDER SURVEY 2025, unveiled by the Africa Data Centres Association (ADCA) during the recent Data Centres in Africa event in Johannesburg, reveals an optimistic outlook: […]
The International Monetary Fund (IMF) has wrapped up a crucial two-week governance scrutiny mission in Kenya, a pivotal exercise aimed at bolstering the integrity and efficiency of public offices. Conducted from June 16 to 30, 2025, the review sought to meticulously identify weaknesses in governance and pinpoint corruption vulnerabilities that could significantly impede Kenya’s economic […]
In a dramatic late-night session, the U.S. Senate Republicans have narrowly passed President Donald Trump’s colossal tax-cut and spending bill, setting the stage for a contentious final battle in the House of Representatives. The legislation, a cornerstone of the Trump administration’s economic agenda, aims to slash taxes, significantly reduce social safety net programs, and boost […]
The robust economic ties between Egypt and Germany continue to strengthen, with their bilateral cooperation portfolio now reaching an impressive €1.6 billion (approximately $1.74 billion). This significant figure, announced by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr. Rania Al-Mashat, underscores a deepening strategic partnership aimed at fostering sustainable economic development across a […]
In a significant boost for Kenya's vibrant but often underserved business landscape, Family Bank has announced it has secured a...
The United States central bank, the Federal Reserve, announced on Wednesday that it would hold its benchmark interest rate steady,...
The International Air Transport Association (IATA), the global trade association for the world’s airlines, has issued a powerful call to...
The East African Community (EAC) is once again grappling with escalating trade tensions, as Kenya formally objects to new business...
