As Kenya approaches a critical juncture in its trade relations with the United States, the country is racing against time to finalize a Strategic Trade and Investment Partnership (STIP) agreement. With the U.S. presidential elections looming, the stakes have never been higher for Kenya, which risks having its progress on the deal derailed depending on […]
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, took a significant step on Thursday, August 15, 2024, by cutting its key interest rate for the first time in nearly four years. This move comes amid ongoing adjustments in the country’s economic landscape as inflation shows signs of easing, and the central […]
Nigeria’s economic landscape is once again under the spotlight as the National Bureau of Statistics (NBS) reports a decline in the country’s headline inflation rate to 33.40% in July 2024, down from 34.19% in June 2024. This development marks the first drop in the headline inflation rate since December 2022, when the inflation rate was […]
The Central Organization of Trade Unions (COTU) has sounded a warning to the newly-appointed National Treasury Cabinet Secretary, John Mbadi, urging him to exercise caution in his dealings with the International Monetary Fund (IMF). COTU Secretary General Francis Atwoli specifically cautioned against adopting a “rigid approach” in implementing IMF economic and financial adjustments without tailoring […]
British consumer price inflation (CPI) edged higher in July, marking its first increase this year, though the rise was more modest than anticipated. Official figures released on Wednesday by the Office for National Statistics (ONS) indicated that the annual rate of inflation reached 2.2%, a slight uptick from the Bank of England’s (BoE) target of […]
In a strategic move to tackle the growing unemployment crisis among Nigerian youths, President Bola Tinubu’s administration has unveiled an ambitious initiative aimed at creating three million new jobs. Known as the 3 Million Technical Talent (3MTT) Programme, this initiative is positioned as a cornerstone of the administration’s broader vision of integrating youth development into […]
A recent survey by Sauti za Wananchi has revealed that half of Kenyans are deeply concerned about the rising cost of living, identifying it as the most pressing issue currently facing the nation. The survey, which highlights the economic challenges that millions of Kenyans are grappling with, indicates that inflation and the overall economic situation […]
Japan’s parliament has made a significant move by summoning Bank of Japan (BOJ) Governor Kazuo Ueda to special sessions scheduled for August 23, 2024. These sessions, to be held by the finance committees of both the upper and lower houses, aim to address the central bank’s unexpected decision to raise interest rates, a move that […]
In a landmark collaboration aimed at bolstering Nigeria’s agricultural sector and addressing the nation’s food security challenges, a coalition of agro-allied commodities and cooperatives’ service providers has teamed up with the World Bank to roll out a six-year, $500 million food security programme. The initiative, announced on August 13, 2024, underscores the critical need for […]
The recent Isiolo, Marsabit, and Samburu County Investment Conference has highlighted the immense potential of the northern Kenya region, with infrastructure development seen as a key catalyst for economic growth. Traditionally marginalized, this region is poised for a transformation, with planned infrastructure projects expected to unlock the area’s economic potential, create jobs, and attract investment. […]
In a significant diplomatic stride, the Republic of Cyprus has officially inaugurated its embassy in Nairobi, marking a pivotal moment...
The Syrian economy, devastated by over a decade of conflict, stands at a critical juncture. On Monday, the World Bank...
The world's youngest nation, South Sudan, is once again at a critical economic crossroads, facing a severe financial crisis that...
In a vibrant display of its growing economic prowess and innovation, Kenyan startups have collectively raised a remarkable Sh17 billion...
