In a historic display of government support and private sector dynamism, Nigerian fintech giant Flutterwave has received President Bola Tinubu’s unequivocal backing for its bid to list on the Nigerian Exchange Limited (NGX). This high-stakes meeting, held at the Presidential Villa in Abuja on February 23, 2025, brought together top leadership from Flutterwave, Alami Capital, […]
In a decisive step aimed at boosting fiscal discipline and stimulating economic activity, Kenya’s Pending Bills Verification Committee has approved the payout of Ksh 236 billion from the more than Ksh 600 billion inherited by the Kenya Kwanza administration. Principal Secretary for the National Treasury and Economic Planning, Chris Kiptoo, announced the approval during his […]
In a dramatic turn that has stirred debates among economists and policymakers alike, President Donald Trump has floated a provocative plan that could see 20% of savings generated by Elon Musk’s newly established Department of Government Efficiency (DOGE) returned directly to American taxpayers. Dubbed the “DOGE Dividend,” this initiative—if implemented—would not only redistribute federal savings […]
South Africa’s official unemployment rate edged down slightly in the fourth quarter of 2024, falling to 31.9% from 32.1% in the previous quarter, according to the latest Quarterly Labour Force Survey (QLFS) released by Statistics South Africa on February 18, 2025. While this marginal decline reflects a modest improvement with an increase of 132,000 employed […]
In a recent development that has stirred significant discussion among economists and policymakers, Kenya’s National Treasury and Economic Planning headquarters announced that the government exceeded its recurrent budget target for the fiscal year 2024/25 by KSh193 billion. The government’s recurrent expenditure reached KSh1.5 trillion by December 2024—well above the originally targeted KSh1.29 trillion. This performance, […]
In a recent high-stakes address in Washington, Maros Sefcovic, the European Commissioner for Trade and Economic Security, delivered a stern warning to U.S. policymakers amid escalating trade tensions. Speaking at the American Enterprise Institute on February 19, 2025, Sefcovic declared that the European Union (EU) would respond “firmly and swiftly” to protect its interests if […]
A new report by Sauti East Africa—a women-led social enterprise based in Kenya—has highlighted the crucial role that agricultural value chains play in driving East Africa’s economic growth. The study, published on February 20, 2025, at 10:09 am by journalist Madhumita Paul, provides an in-depth look at how micro, small, and medium enterprises (MSMEs) across […]
Kenya’s economy faces fresh concerns following the latest Kenya National Bureau of Statistics (KNBS) Economic Indicators Report for December 2024, which revealed a sharp decline in tea and coffee exports. These two commodities are among Kenya’s top foreign exchange earners, contributing significantly to the country’s revenue. The decline in their export volumes raises serious questions […]
In a landmark move to enhance its global presence and responsiveness, the World Bank has announced a major restructuring initiative that will see its regional management teams relocated from Washington, D.C., to various hubs across the world. The move is part of a broader strategy to improve efficiency, facilitate quicker decision-making, and bring senior leadership […]
In a move aimed at restoring international trust and addressing decades-old disputes, Zimbabwe has announced plans to compensate 94 former white farmers of foreign origin who were displaced during the land reform program initiated under former President Robert Mugabe in the early 2000s. The government will pay a total of $146 million in compensation to […]
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...
