Kenya and South Korea have signed a Memorandum of Understanding (MoU) to strengthen technical cooperation in nuclear energy research and development, positioning Kenya as a frontrunner in Africa’s nuclear energy renaissance. The historic agreement was signed on September 15 in Vienna, Austria, by Kenya Nuclear Power and Energy Agency (NuPEA) CEO Justus Wabuyabo and Han […]
The U.S. dollar tumbled to its lowest levels in over two months against major currencies on Tuesday, as investors positioned for the Federal Reserve’s first interest rate cut of 2025 scheduled for Wednesday’s policy meeting. The dollar index fell to 97.121, marking its weakest performance since July 7, as markets priced in a 25 basis […]
African trade ministers gathered in Cairo on Tuesday for the 17th Ministerial Meeting under Egypt’s presidency of the African Continental Free Trade Area (AfCFTA) Council, as the continent seeks to address persistent challenges that have kept intra-African trade at just 14-15% compared to Europe’s 60-70%. The high-level gathering, chaired by Egyptian Minister of Investment and […]
Businesses and governments in Nigeria, Kenya, and South Africa are confronting dramatically higher borrowing costs compared to previous years, according to a comprehensive new analysis by Moody’s Ratings released this week. The credit agency’s report underscores a critical challenge facing three of Africa’s largest economies as they struggle to balance development needs with escalating financing […]
In a landmark announcement that signals Britain’s emergence as a global AI powerhouse, Google has unveiled its £5 billion investment in the UK’s digital infrastructure, officially opening its state-of-the-art data centre in Waltham Cross, Hertfordshire, today. The facility, inaugurated by Chancellor Rachel Reeves, represents far more than just another tech investment – it’s a strategic […]
Nigeria’s crude oil sector has demonstrated resilience and recovery, accounting for 52.60% of the nation’s total exports in the second quarter of 2025, according to the latest National Bureau of Statistics (NBS) report. The ₦11.97 trillion contribution from crude oil exports represents a crucial milestone for Africa’s largest petroleum producer as it navigates complex market […]
Fuel prices have seen a marginal decrease for the period of September 15 to October 14, 2025, according to a recent announcement by the Energy & Petroleum Regulatory Authority (EPRA). This marks the second consecutive month of fuel price reductions, providing modest relief to consumers who have endured significant economic pressures throughout 2025. One decision […]
China’s economic slowdown deepened in August with a raft of key indicators missing expectations, as weak domestic demand persisted and Beijing’s campaign against industrial overcapacity curbed output. The disappointing data released Monday by the National Bureau of Statistics underscores the mounting challenges facing the world’s second-largest economy as it struggles to reignite growth momentum. One […]
A new report from the United Nations University Institute for Natural Resources in Africa (UNU-INRA) confronts one of the most urgent questions of our time: how can Africa navigate the global green transition while safeguarding development, ensuring justice, and protecting sovereignty? The comprehensive study, Counting the Cost: From Extraction to Green Transition – Tackling the […]
Kenya has reaffirmed its commitment to pursuing a new program with the International Monetary Fund as the country seeks to navigate complex economic challenges while maintaining its influential role in regional security and peacekeeping operations. Foreign and Diaspora Affairs Cabinet Secretary Musalia Mudavadi outlined the government’s comprehensive strategy during a quarterly diplomatic briefing in Nairobi, […]
Kenya has enacted sweeping cybercrime legislation that imposes penalties of up to Sh20 million ($155,000) in fines or ten years...
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
