The Organisation for Economic Cooperation and Development has finalised a landmark agreement on international corporate taxation, but the deal comes with a significant caveat that has drawn sharp criticism from tax transparency advocates: large US-based multinational corporations will be exempt from the 15 percent global minimum tax that the framework was designed to enforce. The […]
Nigeria has reaffirmed its commitment to strengthening its strategic bilateral trade and economic partnership with the People’s Republic of China, reflecting positively on the significant progress recorded in relations between both countries throughout 2025. The reaffirmation comes as data reveals that bilateral trade between the two nations has reached unprecedented levels, cementing China’s position as […]
Kenya’s tea sector, long plagued by regional price disparities and allegations of anti-competitive practices, is set for a comprehensive overhaul as the government unveils ambitious reforms designed to raise smallholder farmer earnings to Sh100 per kilogramme of green leaf by 2027. Agriculture Cabinet Secretary Mutahi Kagwe announced the wide-ranging intervention, which addresses complaints from farmers […]
Saudi Arabia has entered a new phase in its ambitious digital transformation journey with the launch of the Hexagon Data Center in Riyadh, marking a strategic assertion of technological sovereignty and positioning the Kingdom as a formidable player in the global race for advanced digital infrastructure. Described as the world’s largest government data center and […]
Algeria has achieved a transformative infrastructure milestone with the completion of track installation on the Western Mining Railway, Africa’s first heavy-haul desert railway specifically designed to unlock the vast mineral wealth buried beneath the Sahara. The 575-kilometer line, jointly constructed by China Railway Construction Corporation (CRCC) and Algerian state-owned partners, represents the largest single infrastructure […]
At least $750 million (Sh96.7 billion) in World Bank funding to Kenya remains frozen as the country works to meet eleven policy and legislative conditions required for the release of the loan, with the National Treasury now pushing to secure early disbursement ahead of the March 2026 timeline indicated by the Washington-based development lender. The […]
The Bank of England has delivered a pre-Christmas boost to the struggling UK economy by cutting interest rates to 3.75%, but a deeply divided vote among its nine-member monetary policy committee (MPC) signals lingering concerns about persistent inflation and the uncertain path ahead for monetary policy. The quarter-point reduction from 4% to 3.75%, approved by […]
The United States International Development Finance Corporation has finalized a $553 million loan with the Lobito Atlantic Railway consortium for the refurbishment of Angola’s strategic rail line, marking a watershed moment in Washington’s efforts to secure access to critical minerals while countering China’s deepening economic presence across Africa. The loan agreement, signed at a ceremony […]
Kenya’s water service providers are grappling with a massive debt crisis as billions of shillings in loans remain largely unpaid, prompting the National Treasury to explore ways to restructure the obligations. The arrears have left taxpayers exposed to financial losses, while repayment of both domestic and foreign loans has stalled, creating what has become one […]
Vice Chairman of the Standing Committee of the National People’s Congress of the People’s Republic of China, Wang Dongming, has pledged China’s full support to the Government of Sri Lanka’s comprehensive efforts to rebuild lives and overcome the devastating challenges posed by Cyclone Ditwah, expressing confidence that the island nation will recover rapidly under the […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
