Introduction Ngozi Okonjo-Iweala, the first woman and first African to lead the World Trade Organization (WTO), is poised to be reappointed for a second term amid rising tensions and uncertainties surrounding the future of international trade rules. Her reappointment comes as geopolitical divides intensify, and the potential return of former U.S. President Donald Trump to […]
The governments of Nigeria and France have solidified a strategic partnership to bolster the critical minerals sector, marking a significant step towards diversifying the mining industry and enhancing its environmental and socio-economic impacts. This collaboration, formalized through a Memorandum of Understanding (MOU), was signed during Nigerian President Bola Ahmed Tinubu’s official visit to France on […]
In a move aimed at easing the financial strain on businesses and residents, the County Government of Makueni has unveiled a series of tax reforms and relief measures. These initiatives, announced by Governor Mutula Kilonzo Jr. on Thursday, November 28, promise to bring significant economic benefits to traders, motorists, and other stakeholders within the county. […]
The Saigon River bustles with cargo ships, delivering materials to factory hubs in and around Ho Chi Minh City, Vietnam’s main financial center. Overhead, a steady stream of planes lands at the crowded airport, mirroring the frenetic activity in the city’s industrial zones. Much of this vibrancy is driven by Chinese manufacturers, who have increasingly […]
The South African Reserve Bank (SARB) has issued an optimistic update on the country’s financial stability, highlighting significant economic improvements driven by political and structural changes. Key developments such as a stabilized coalition government, reduced power outages, and the SARB’s proactive monetary policies have bolstered investor confidence. Strengthened Currency Performance Notably, the South African rand […]
Overview of the Proposed Law The Kenyan banking sector faces significant upheaval following a proposed law to increase the minimum core capital requirement for banks from Ksh. 1 billion to Ksh. 10 billion. The proposal, tabled during discussions before the National Assembly’s Finance Committee, could result in the closure of 24 banks and put the […]
Global leaders and economic analysts are responding with concern and warnings following President-elect Donald Trump’s announcement of sweeping new tariffs targeting America’s three largest trading partners—Canada, Mexico, and China. The proposed tariffs, which include 25% on goods from Canada and Mexico and 10% on Chinese imports, are intended to address illegal immigration and drug trafficking, […]
The International Monetary Fund (IMF) and Ethiopian authorities have reached a staff-level agreement to conclude the second review of the four-year, USD 3.4 billion Extended Credit Facility (ECF) arrangement. Formal approval by the IMF Executive Board would release approximately USD 251 million to Ethiopia, marking significant progress in the nation’s economic reform agenda. Ethiopia’s ambitious […]
Ride-hailing app Uber Kenya has significantly influenced the country’s economy, contributing an estimated KSh 14 billion in 2023, according to its first Economic Impact Report. Launched on November 26, 2024, at the Fairmont Norfolk Hotel in Nairobi, the report details Uber’s contributions to job creation, income generation, tourism, and more. Compiled by Public First, a […]
Emerging markets are bracing for a challenging and uncertain year ahead, with economic shifts in the United States and fluctuating growth in China shaping a complex landscape for 2025, according to JPMorgan’s annual outlook. The Wall Street bank forecasts a significant slowdown in growth across developing nations, projecting a dip from 4.1% this year to […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
