In a bold demonstration of its commitment to fueling Africa’s economic transformation, the Tony Elumelu Foundation (TEF) has unveiled a $15 million grant program designed to empower 3,000 budding entrepreneurs across 52 African countries. Announced by TEF Founder Tony Elumelu during a high-profile event in Abuja on March 23, 2025, this initiative underscores the foundation’s […]
In a candid and thought-provoking interview on Citizen TV, National Treasury Cabinet Secretary John Mbadi warned that Kenya is burdened with an extraordinarily expensive government. According to Mbadi, the high costs of running the national administration, particularly through enormous salary payments and hefty debt servicing obligations, are choking the country’s fiscal space and slowing down […]
Outstanding government and corporate bonds have now surpassed the $100 trillion mark, according to the latest annual debt report from the Organisation for Economic Co-operation and Development (OECD). This dramatic milestone comes amid an environment of rising interest costs, complex geopolitical tensions, and mounting fiscal pressures. With central banks beginning to cut interest rates after […]
In a powerful demonstration of Africa’s commitment to a sustainable future, the African Development Bank Group (AfDB) actively participated in the third edition of Africa’s Green Economy Summit (AGES), held in Cape Town, South Africa, from 18 to 21 February 2025. Hosted by the African Union (AU), this annual summit brought together a diverse array […]
In a landmark move that underscores the growing importance of sustainable agriculture in Kenya, Proparco, the French development finance institution, together with Equity Group, has signed a groundbreaking agreement. The grant—totaling Sh141,260,000 in technical assistance—is earmarked for the implementation of the “Climate Resilient Agri-Food Systems” (CRAFS) project by the Equity Group Foundation (EGF). The initiative […]
In a striking display of resilience, the economies of the Gulf Cooperation Council (GCC) are forecast to grow by 4% in 2025 despite rising global protectionism and geopolitical tensions. This upbeat projection, detailed in the latest ICAEW Economic Insight report prepared by Oxford Economics, comes at a time when many regions are grappling with uncertain […]
In a decisive move to foster a more conducive business environment, Zimbabwe’s government has announced an extensive review of taxes and regulatory fees that will be completed within the next six months. The overhaul aims to cut costs for businesses by reducing some fees by half and eliminating others entirely, as part of a broader […]
Sudan has taken a dramatic diplomatic step by suspending all imports from Kenya—a move that signals a deepening rift between the two nations. The decision comes in the wake of Kenya hosting representatives of the Rapid Support Forces (RSF) last month, during which these controversial figures signed a charter to establish a parallel government in […]
The United Arab Emirates (UAE) and the European Union (EU) are entering a new phase of economic cooperation, marked by renewed diplomatic engagement and a strategic focus on boosting trade and investment. A high-level UAE delegation, led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and Ahmed Al Sayegh, Minister […]
In a sign of cautious optimism amid a challenging fiscal environment, ratings agency Moody’s expects South Africa’s coalition government to eventually forge a compromise that will allow the long-delayed budget to pass—albeit with some adjustments to contentious fiscal measures. The anticipated compromise comes as the Government of National Unity (GNU) grapples with internal disagreements over […]
The Senate and National Assembly have invited Kenyans to submit their views on the government's 2026 Budget Policy Statement and...
China will implement zero-tariff treatment for imports from the 53 African countries with which it maintains diplomatic relations, starting May...
President Cyril Ramaphosa has directly intervened in South Africa's electricity sector reform, announcing that the country will proceed with creating...
Kenya's long-deferred ambition to join Africa's oil-producing nations has received a dramatic boost as Gulf Energy E&P BV confirmed a...
