Kenya’s economy expanded by 4% in the third quarter of 2024, marking a notable slowdown from the 6% growth recorded during the same period in 2023, as per the latest data released by the Kenya National Bureau of Statistics (KNBS). The downturn highlights the mounting challenges faced by key sectors, such as construction and mining, […]
Malaysia and Singapore have embarked on a landmark initiative to strengthen their economic ties with the establishment of a Special Economic Zone (SEZ) in Johor, Malaysia. This ambitious project, announced during the annual leaders’ summit in Putrajaya, marks a significant step toward enhancing investment cooperation, fostering economic growth, and creating new opportunities for both nations. […]
South Sudan has officially resumed oil production in Blocks 3 and 7 in Upper Nile State, marking a significant milestone for its struggling economy. This development follows the lifting of a nearly yearlong force majeure by Sudan’s government and the Basher Pipeline Company (Bapco), enabling the transport of crude oil to Port Sudan on the […]
President William Ruto has announced significant progress in stabilizing Kenya’s economy, positioning the country to focus on transformative development projects. Speaking at the Kerio Valley Interdenominational Prayer Service in Tot, Elgeyo-Marakwet County, the President reflected on the challenges faced over the past two years and outlined his administration’s plans to address them. The President emphasized […]
As 2025 begins, Goldman Sachs has outlined its global macroeconomic forecast, offering a detailed roadmap of key trends likely to influence global markets. From robust U.S. growth to geopolitical uncertainties, the insights provide a window into the economic trajectory for the year. Here’s a comprehensive breakdown of their predictions and their implications for investors and […]
On January 1, 2025, the Employment Equity Amendment Act (EEA) 4 of 2022 came into effect in South Africa, introducing significant changes aimed at promoting diversity and equality in the workplace. While the new requirements might seem daunting, compliance is achievable for businesses willing to adapt and align with the revised regulations. The legislation brings […]
Aquaculture, the fastest-growing segment of the global food system, now produces more than half of the world’s fish. In Kenya, smallholder fish farmers are receiving targeted training to boost productivity, manage diseases, and improve biosecurity practices. Spearheaded by a collaboration among Cornell University’s College of Veterinary Medicine, the Kenya Marine and Fisheries Research Institute (KMFRI), […]
The Gulf Cooperation Council (GCC) has experienced significant growth in its debt capital markets, with a year-on-year increase of 11% in total debt issuance, reaching an impressive $1 trillion between January and November 2024. This surge underscores the region’s robust financial strategies and emerging prominence in global debt markets. Bashar Al Natoor, Global Head of […]
The Nigeria Labour Congress (NLC) has strongly criticized the National Assembly over its exclusion of workers and trade unions in the deliberations surrounding the contentious Tax Bill. The organization emphasized the importance of fairness, inclusivity, and stakeholder engagement in the formulation of tax policies, warning that ignoring these principles could undermine Nigeria’s economic development and […]
Chinese companies in Kenya have emerged as key players in driving economic growth, infrastructure development, and employment opportunities. The Kenya China Economic and Trade Association (KCETA) recently revealed in its fourth Social Responsibility Report for 2022-2023 that over 60,000 Kenyans were employed by Chinese firms during this period, achieving a localization ratio exceeding 90 percent. […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
