In a dramatic pivot that has left global markets reeling and trade analysts scrambling for answers, President Donald Trump announced a 90-day pause on higher tariffs for most countries—even as his administration simultaneously ramped up tariffs on Chinese goods to 125%. The revised policy comes amid intense market volatility following last week’s sweeping tariff impositions […]
South Africa, Africa’s largest economy, is at a crossroads. Amid persistent infrastructural deficits—especially in energy and logistics—and sluggish economic growth, the country is grappling with a crisis that has deepened over the past decade. Chronic issues such as load-shedding and inefficient transport networks have undermined productivity, leaving the nation with stagnant growth rates, soaring unemployment, […]
The Central Bank of Kenya (CBK), in a bid to rejuvenate lending activities and bolster economic momentum amid subdued credit growth, has reduced its benchmark lending rate by 75 basis points, bringing it down to 10.00 percent. The decision, delivered during Monday’s Monetary Policy Committee (MPC) meeting, comes amid a backdrop of easing inflation, a […]
The Reserve Bank of India (RBI) announced a further cut in its key repo rate by 25 basis points, bringing it down to 6.00%. This is the second consecutive rate cut implemented by the Monetary Policy Committee (MPC) since February, marking the first rate adjustment since May 2020. Alongside the rate reduction, the RBI altered […]
The African Development Bank (AfDB) is mobilizing $2.2 billion to develop agricultural processing zones in 28 states across the country. This ambitious project is aimed at creating state-of-the-art facilities that process agricultural produce much closer to the source—directly at or near the farms—to reduce post-harvest losses, strengthen value chains, and ultimately create millions of jobs […]
In a move that promises to transform Kenya’s entrepreneurial landscape, NCBA Group has renewed its strategic partnership with the African Guarantee Fund (AGF) by enhancing its credit guarantee facility to KES 3 billion for a period of 10 years. This renewed pact is designed to empower small and medium enterprises (SMEs), with a special focus […]
In the early hours of Monday, April 7, 2025, financial markets witnessed one of the most turbulent sessions in recent memory. Major indices like the S&P 500, the Dow Jones Industrial Average, and even global benchmarks were buffeted by wild swings as trade tensions and tariff escalations sent shockwaves through investor sentiment. The US economy, […]
In a climate of economic uncertainty and fiscal strain, Zimbabwe finds itself wrestling with a staggering US$1.2 billion debt owed to infrastructure contractors. This mounting arrears issue has sent ripples through the nation’s development agenda as stalled public projects—from major roadways to vital dam constructions—face delays due to liquidity challenges. Amid heightened public scrutiny and […]
Kenya is at a critical crossroads, struggling under the weight of unsustainable debt and rising fiscal pressures. National Treasury Cabinet Secretary John Mbadi recently delivered a stark assessment of the nation’s economic plight, warning that imprudent borrowing practices—especially the misuse of short-term loans to finance long-term development projects—have left the country with a debt burden […]
Goldman Sachs has raised its odds of a U.S. recession to 45%—up from 35% just a week ago. This marks the second consecutive hike in recession probability by the influential investment bank, reflecting growing anxiety over escalating trade tensions, a volatile global economy, and the uncertain outlook for U.S. economic growth. The revised forecast comes […]
Kenya’s monetary policy cycle has entered a defining phase. The Central Bank of Kenya (CBK) has lowered its benchmark rate...
In a development that signals a deeper convergence between traditional finance and digital assets, Binance, the world’s largest cryptocurrency exchange...
When a nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man with an annual premium of...
Artificial intelligence has officially crossed a new threshold. For the first time, an AI system specifically AI voice agents can...
