As Kenya navigates a precarious economic landscape, the nation eagerly awaits a crucial decision from the International Monetary Fund (IMF). At the end of August, the IMF board will review Kenya’s comprehensive economic repair plan—a key moment that could steer the country towards recovery or deepen its financial woes. A Nation in Turmoil: The Roots […]
China’s recent surprise decision to cut interest rates has created a stir in financial markets worldwide, sparking a flurry of discussions about its potential impact on the economy and the future of the yuan. This article explores the reasons behind this bold move, its likely consequences, and the challenges that lie ahead for China. Why […]
A Turning Point for the Egyptian Economy In an exciting turn of events, Egypt has achieved a remarkable feat by reducing its foreign debt by a staggering $14 billion in just five months. This news, announced on July 23rd, 2024, marks a pivotal moment for the Egyptian economy, signaling a strong commitment to fiscal discipline […]
Kenya’s recent $500 million oil import deal with Gulf states, including the UAE and Saudi Arabia, is making waves. This agreement, struck in March 2023, aims to tackle Kenya’s persistent dollar shortage, but it comes with its own set of opportunities and risks. Let’s break down the deal’s implications and what it means for Kenya […]
July 19th is a date that will be etched in memory as the day technology faltered and the world stood still. From grounded flights and halted medical services to paralyzed banking systems, the consequences of a massive tech outage reverberated across the globe. The culprit? A faulty software update from cybersecurity giant CrowdStrike, impacting machines […]
The dawn of South Africa’s new coalition government has sparked a wave of optimism as the nation looks to its leaders for a revival of economic fortunes and a reduction in joblessness. This momentous shift promises a fresh approach to tackling the country’s entrenched challenges, but turning these ambitious promises into reality will be no […]
Kenya’s recent move to extend the pay rise freeze to all public servants has stirred up quite a bit of concern and frustration. This article takes a closer look at the reasons behind this decision, exploring how Kenya’s fiscal woes, public sector pay, and the pursuit of sustainable economic growth intersect. Unpacking Kenya’s Fiscal Strain […]
The International Monetary Fund’s (IMF) recent call for the U.S. to raise taxes and delay rate cuts has ignited a crucial debate about tackling America’s fiscal challenges. While the focus is on the headline recommendations, understanding the deeper economic context and potential ramifications is essential. The Urgency of Fiscal Consolidation The IMF is sounding the […]
Zimbabwe’s financial landscape is entering a new chapter with the introduction of the Zimbabwe Gold (ZiG), the country’s latest attempt to stabilize its economy. This article explores the historical context, economic hurdles, and potential pathways for the ZiG’s success. A Legacy of Hyperinflation and Currency Woes To understand the ZiG’s prospects, it’s essential to consider […]
The Energy and Petroleum Regulatory Authority (EPRA) has implemented a Sh7 per litre increase in the road maintenance levy, raising it to Sh25 per litre from the previous Sh18. This decision follows a proposal by the Kenya Roads Board (KRB) for a 39% hike to address the funding gap in road infrastructure maintenance. Former Roads […]
In a decisive move to fortify its economic resilience and reassure international investors, Kenya has finalized a landmark agreement aimed...
A significant trade dispute is brewing between two of the world's largest democracies, India and the United States, as New...
In a strategic move to alleviate its burgeoning debt burden and unlock crucial development financing, Egypt has successfully secured over...
As Kenyans prepare for fresh Saba Saba Day protests on Monday, the government has sounded a strong alarm regarding potential...
