In a sweeping effort to revitalize its public healthcare system, the South African government has announced a landmark allocation of $52 million dedicated to recruiting new healthcare professionals nationwide. The move, widely seen as a turning point in addressing long-standing shortages in the public health sector, comes on the heels of increased budgetary commitments and […]
In a policy stance that underscores fiscal prudence and a commitment to sustainable economic management, government spokesperson Isaac Mwaura announced on Monday that Kenya is set to prioritise strengthening revenue collection measures rather than introducing new taxes in the forthcoming Finance Bill for 2025. This approach comes amid ongoing debates on how best to finance […]
A new chapter in the volatile saga of global financial markets has opened. In its latest analysis, the International Monetary Fund (IMF) warned that major geopolitical risk events—including rising trade tensions, military conflicts, and sweeping tariff measures—can trigger severe corrections in stock prices. The findings, detailed in a chapter of the forthcoming Global Financial Stability […]
The South African rand advanced on Monday, buoyed by reports that the ruling African National Congress (ANC) may abandon plans for a value-added tax (VAT) hike in the upcoming budget. The news comes at a critical juncture, as domestic political debates intersect with shifting global market conditions, including a weaker dollar that has provided some […]
In a forceful move intended to safeguard farmers’ incomes and ensure a level playing field in the agricultural sector, Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has issued a stern ultimatum to miraa traders and exporters. Speaking at a high-profile Farmers’ Day event in Meru, Kagwe warned that those failing to comply with the […]
Amid mounting economic uncertainty and the lingering spectre of U.S. tariff threats, UK companies are increasingly shifting their focus to cashflow improvement, cost-cutting, and reduced borrowing, according to Deloitte’s latest quarterly survey of chief financial officers (CFOs) at major British firms. In a climate of cautious optimism about long-term prospects tempered by short-term defensive maneuvers, […]
In a groundbreaking display of unity and determination, the World Chambers Federation (WCF) Africa Summit 2025 has emerged as a crucial platform for South Sudan to map a sustainable and inclusive economic path. Held in Nairobi and drawing over 4,500 delegates from more than 70 countries, the summit provided South Sudanese officials and businesses with […]
The European Union (EU) Delegation to Kenya has unveiled plans for the second edition of the EU-Kenya Business Forum, scheduled to take place in Nairobi on May 12 and 13, 2025. This high-profile event comes as part of the EU’s Global Gateway strategy and builds on ongoing connectivity projects in Kenya. By bringing together policymakers, […]
In a surprising reversal from previous forecasts, the UK economy expanded by 0.5% in February, significantly outpacing the anticipated 0.1% growth predicted by a poll of City economists. This unexpected surge in GDP growth is being hailed as a bright spot for the government, with figures bolstering optimism among policymakers, including Chancellor Rachel Reeves. However, […]
In a significant milestone for Somalia’s long-suffering economy, the government in Mogadishu has signed a $306.5 million debt relief deal with the Arab Monetary Fund (AMF). The agreement, announced on April 10, 2025, in a ceremony held in Kuwait, is being celebrated as a critical step forward in Somalia’s ambitious economic reform programme. This deal […]
The yield on the US 10-year Treasury note climbed to around 4.24% on Thursday, touching five-week highs as oil prices...
For borrowers sitting on the sidelines of the housing market, today's mortgage rate landscape offers a mixed and heavily geopolitics-influenced...
Small business owners across America are facing a mounting health care affordability crisis, and the nation's leading small business advocacy...
Wall Street opened Wednesday in a state of cautious suspension — caught between a reassuring inflation print, an oil market...
