In a significant diplomatic and economic milestone, India and the United States have set a target to increase bilateral trade to $500 billion by 2030, more than doubling the current trade volume. This announcement came during Indian Prime Minister Narendra Modi’s visit to Washington, D.C., where he met with U.S. President Donald Trump at the […]
Nigeria has successfully met the Organisation of Petroleum Exporting Countries (OPEC)’s crude oil production quota of 1.5 million barrels per day (bpd) for the first time since the quota was established in November 2023. This milestone, reported in OPEC’s January 2025 Monthly Oil Market Report, marks a significant turnaround for Africa’s largest oil producer, which […]
Kenya is facing a significant environmental and economic crisis, with a new report revealing that the nation loses approximately Sh534 billion annually due to deforestation and forest degradation. The “Forest Status Report 2024,” released on Tuesday, highlights that the ongoing destruction of forests costs the economy at least three percent of its gross domestic product […]
In a significant development for international trade relations, India and the United States have agreed to initiate discussions aimed at resolving longstanding trade and tariff disputes. This decision emerged from a high-profile meeting between U.S. President Donald Trump and Indian Prime Minister Narendra Modi at the White House on February 13, 2025. The leaders expressed […]
Saudi Arabia and Rwanda have taken a significant step toward enhancing their economic partnership by establishing a joint business council aimed at fostering bilateral trade and investment. The agreement was formalized during the Saudi-Rwandan Business Forum held in Kigali, Rwanda’s capital. The event saw the participation of a high-level delegation from the Federation of Saudi […]
Equity Bank has announced a 300 basis point (3 percent) reduction in interest rates for all new and existing Kenya Shilling-denominated credit facilities, a move expected to provide relief to borrowers and stimulate economic growth. The rate reduction, which takes effect on February 13, 2025, for new loans and March 1, 2025, for existing loans, […]
Indonesia is making a bold call for the formation of a new economic bloc, aiming to safeguard regional stability and promote economic resilience amid escalating global tensions. This proposition was put forward by Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto at the World Government Summit 2025, held in Dubai, UAE, on February 12, 2025. […]
Rising diplomatic tensions between the United States and South Africa are sending economic shockwaves throughout Southern Africa, with Namibia’s central bank governor warning that the dispute could have serious repercussions for Namibia’s financial stability and overall economic growth. At the heart of the issue is President Donald Trump’s recent executive order freezing all U.S. aid […]
The Nairobi Securities Exchange (NSE) has unveiled an ambitious five-year strategy aimed at attracting 9 million active retail investors, both domestically and in the diaspora. The initiative, which commenced in February 2024, seeks to rejuvenate Kenya’s capital markets by increasing market participation, modernizing trading infrastructure, and introducing new financial instruments to make investing more accessible […]
The global cryptocurrency market witnessed heightened volatility and a significant downturn following a series of major macroeconomic announcements, including new tariffs proposed by the U.S. President Donald Trump, a landmark Bitcoin tax exemption bill in the Czech Republic, and increasing demand for gold-backed cryptocurrencies amid bullish gold price forecasts by major banks. Market Reaction to […]
China is not staging a dramatic exit from US government debt — but it is clearly repositioning. Over more than...
Kenya has entered a decisive new monetary phase. The Central Bank of Kenya (CBK) has reduced its benchmark policy rate...
In Lagos, health insurance is no longer being framed as a lifestyle upgrade or a welfare add-on. It is being...
Kenya is once again attempting to reset the future of its national carrier. President William Ruto’s administration has announced plans...
