As the global economy faces renewed turbulence, a new UNDP policy paper warns that the debt crisis plaguing the world’s poorest economies is reaching unprecedented levels. In a stark message issued ahead of the G20 finance ministers and central bank governors meeting in South Africa, the United Nations Development Programme (UNDP) called for a comprehensive […]
As global diamond sales continue to falter, Botswana and De Beers have unveiled a strategic marketing initiative aimed at reviving consumer interest in natural diamonds. This move comes at a crucial time, as the diamond industry faces a historic downturn, with natural diamond prices falling by 26% over the past two years and lab-grown diamonds […]
In a major boost to Kenya’s rural electrification drive, President William Ruto has officially launched the Sh1.4 billion Last Mile Phase IV Connectivity Project in Kwale County. The ambitious initiative, aimed at connecting over 12,700 households to the national electricity grid, is expected to transform the lives of thousands of Kenyans by unlocking significant economic […]
A new study by the World Bank, United Nations, European Commission, and the Ukrainian government has revealed that Ukraine now requires an estimated $524 billion to rebuild its economy—a figure that is nearly three times its expected economic output for 2024. The study, which incorporates data from Russia’s invasion starting three years ago through December […]
In a statement amid growing public discontent, the South African Communist Party (SACP) has firmly rejected the government’s proposed Value-Added Tax (VAT) increase and is calling for a comprehensive overhaul of the nation’s tax system. At a recent Political Bureau meeting, the SACP expressed its full backing for SARS commissioner Edward Kieswetter’s proposal for the […]
A recent report by Elite Mawu Agency has found that inadequate branding is costing Kenyan SMEs as much as 60% of their potential revenue. The report, titled the Kenya Branding Report Card 2025, paints a concerning picture of the challenges faced by businesses in diverse sectors—including fast-moving consumer goods, manufacturing, real estate, logistics, agriculture, and […]
Indian Prime Minister Narendra Modi declared during the inauguration of the mega “Invest Madhya Pradesh – Global Investors Summit-2025” in Bhopal that India will continue to be the fastest growing economy in the world. This powerful statement echoes the recent assessment by the World Bank, which has identified India as a standout performer in a […]
Tanzania’s mining regulator has mandated that all gold mining firms and traders sell at least 20% of their gold to the country’s central bank. This directive, which took effect in October following the enactment of new mining regulations, is part of a broader strategy by the Bank of Tanzania (BoT) to diversify its reserves and […]
In a significant development amid ongoing challenges in Kenya’s healthcare financing, the Rural and Urban Private Hospitals Association (RUPHA) has issued clear guidelines to ensure that patients enrolled under the Social Health Authority (SHA) scheme continue to receive essential medical treatment. The announcement, made at a press conference on Sunday, comes as private hospitals brace […]
In a landmark series of agreements that underscore the deepening ties between the United Arab Emirates and China, top government entities and leading private sector companies from Abu Dhabi and China have inked multiple deals to boost economic, trade, and technological co-operation. The agreements, signed during a high-profile visit by an Abu Dhabi economic delegation […]
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...
