Japan’s economy grew at a slightly slower pace than initially reported in the second quarter of 2024, with downward revisions in corporate and household spending signaling potential challenges for sustained growth in the latter half of the year. The revised figures underscore the delicate balance the Bank of Japan (BOJ) must maintain as it navigates […]
The Federal Government of Nigeria has reassured citizens that the price of petrol will stabilize as supply increases across the country. This announcement comes amid concerns over rising fuel prices, which have put additional strain on the already challenged economy. Background: Deregulation of Nigeria’s Petroleum Sector In recent years, Nigeria has undergone significant changes in […]
China’s Hunan Province has called for increased cooperation with Kenya to bolster economic and political ties between the two regions. This move comes as part of a broader strategy by China to enhance its influence in Africa, particularly through initiatives that align with the Forum on China-Africa Cooperation (FOCAC). Background of Hunan-Kenya Relations China’s governance […]
Britain requires an additional one trillion pounds ($1.3 trillion) in investment over the next decade to revitalize its economy, according to a report released on Friday. The ambitious investment goal is seen as essential for achieving the annual economic growth of 2.5% promised by Prime Minister Keir Starmer during his campaign leading up to the […]
On September 5, 2024, Ghana initiated a significant step in its economic recovery by inviting holders of approximately $13 billion in international bonds to participate in a restructuring offer. This move comes after a prolonged period of financial distress, exacerbated by a combination of internal and external factors, including the COVID-19 pandemic, the war in […]
Chinese President Xi Jinping, during a meeting with Kenyan President William Ruto, proposed strengthening the China-Kenya strategic partnership across three key areas. This meeting, held on the sidelines of the 2024 Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, signals a new chapter in the already robust relationship between the two nations. The proposals by […]
The global travel and tourism industry is poised to make an unprecedented impact on the world economy, with its contribution to global Gross Domestic Product (GDP) expected to reach a record $11.1 trillion in 2024. This significant milestone underscores the sector’s resilience and recovery following the challenges posed by the COVID-19 pandemic, geopolitical tensions, and […]
In a landmark announcement at the Forum on China-Africa Cooperation (FOCAC) Summit, Chinese President Xi Jinping pledged $51 billion in fresh financing to Africa, promising to support 30 major infrastructure projects across the continent and create at least 1 million jobs. This substantial financial commitment underscores China’s deepening economic ties with Africa and its strategic […]
The proposed takeover of Nairobi’s Jomo Kenyatta International Airport (JKIA) by India’s Adani Group has triggered widespread protests in Kenya, leading to significant concerns on both domestic and international fronts. The deal, which involves a $1.85 billion investment by Adani in exchange for the operation of the airport for 30 years, has raised alarm among […]
Introduction: The Need for Labor-Intensive Export Growth India, the world’s fastest-growing major economy, recorded a robust 6.7% year-on-year growth in the April-June 2024 quarter. However, while these figures reflect the country’s economic strength, significant challenges remain—particularly in the area of job creation. The World Bank, in its latest “India Development Update” report released on September […]
In a decisive move to fortify its economic resilience and reassure international investors, Kenya has finalized a landmark agreement aimed...
A significant trade dispute is brewing between two of the world's largest democracies, India and the United States, as New...
In a strategic move to alleviate its burgeoning debt burden and unlock crucial development financing, Egypt has successfully secured over...
As Kenyans prepare for fresh Saba Saba Day protests on Monday, the government has sounded a strong alarm regarding potential...
