As Kenya’s Sh301 billion International Monetary Fund (IMF) programme nears expiration in April, the Kenya Kwanza government is actively exploring options for a successor arrangement to secure continued economic support. The administration, facing rising debt obligations, a struggling economy, and dwindling local revenues, sees a new IMF deal as critical to ensuring financial stability. The […]
In a significant monetary policy shift, the Reserve Bank of India (RBI) has cut its key repo rate for the first time in nearly five years, aiming to stimulate economic growth amid slowing expansion and a moderating inflationary environment. The Monetary Policy Committee (MPC), which consists of three RBI officials and three external members, decided […]
The Reserve Bank of Zimbabwe (RBZ) has opted to maintain its key interest rate at 35%, signaling a commitment to a tight monetary policy even as the country’s newly introduced currency, the Zimbabwe Gold (ZiG), continues to depreciate. The decision reflects the central bank’s strategy to curb inflation, stabilize the currency, and restore confidence in […]
Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75% from 11.25%, in a bid to stimulate economic growth amid slowing expansion. The decision, announced by CBK Governor Kamau Thugge in an official statement on Wednesday, marks the lowest interest rate in nearly two years. […]
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European Union (EU). After imposing tariffs on China and threatening increased levies on Canada and Mexico, Trump has now declared that punitive tariffs on the 27-member bloc are “definitely happening” and will be implemented “pretty soon.” […]
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to 1.8%, citing improvements in energy supply and logistics infrastructure as key drivers. The latest South Africa Economic Update report, released on Tuesday, attributes these gains to structural reforms initiated by the government. Additionally, the World […]
A new report from the Kenya National Chamber of Commerce and Industry (KNCCI) paints a stark picture of Kenya’s job market, revealing that over 60% of businesses plan to freeze hiring in 2025. This projection is a sharp contrast to the relatively optimistic employment forecasts seen in the second half of 2024, signaling that the […]
In the interconnected global economy, trade between major economic players can be a source of tension, especially when tariffs and trade disputes threaten the status quo. Recent developments in U.S. trade relations with its neighbors, Canada and Mexico, along with the ongoing complexities of its trade relationship with China, highlight the delicate balance that underpins […]
In a significant move aimed at addressing long-standing pension arrears, Nigeria’s Federal Executive Council (FEC) has approved the issuance of a Federal Government bond worth N758 billion (approximately $509.3 million). This decision, which was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, marks a crucial step toward clearing the […]
In a recent revelation, National Treasury Cabinet Secretary John Mbadi disclosed that nearly half of the verified pending bills in Kenya are not authentic, casting doubt on the legitimacy of compensation claims submitted by suppliers. As of June 2022, the National Treasury reported that pending bills claims totaled Ksh663 billion, prompting the Cabinet to establish […]
President William Ruto has announced a landmark agreement with the United States International Development Finance Corporation (DFC) that promises to...
The global green economy has crossed a significant threshold, surpassing $5 trillion in annual value and positioning itself as the...
South Africa's agricultural sector embarked on a transformative regulatory journey as the Department of Agriculture officially brought the Plant Improvement...
Kenya's private sector recorded its strongest performance in five years during November 2025, with the Stanbic Bank Kenya Purchasing Managers'...
