Turkey’s central bank delivered a measured 250 basis point reduction in its policy interest rate to 40.5% on Thursday, marking a cautious continuation of its monetary easing cycle amid mounting political risks and persistent inflation pressures. The Central Bank of the Republic of Turkey (CBRT) opted for a smaller cut than the 300 basis points […]
South Africa’s digital retail revolution is gaining unstoppable momentum, with online sales projected to exceed 130 billion rand ($7.42 billion) this year, representing a transformative shift that will see e-commerce capture 10% of total retail sales across the nation. This remarkable growth trajectory, revealed in a comprehensive study by World Wide Worx in collaboration with […]
The Africa MICE Summit 2025 has opened in Nairobi, bringing together leaders and stakeholders from across the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector, marking a significant milestone in Africa’s journey toward becoming a global business events powerhouse. Push boundaries, reach goals, achieve more. Whether it’s ACCA, HESI A2, ATI TEAS 7, HESI EXIT, NCLEX-RN, […]
The Japanese government announced Wednesday that it will permanently close all six of its economic centers in Russia, ending a 31-year program designed to foster business relations and support market reforms in the post-Soviet era, as bilateral relations deteriorate to their lowest point since World War II following Russia’s invasion of Ukraine. Push boundaries, reach […]
South Africa’s economy demonstrated signs of modest recovery in the second quarter of 2025, with GDP expanding by 0.8 percent after a sluggish 0.1 percent growth in the first quarter, Statistics South Africa (Stats SA) announced on Wednesday. The improvement signals a tentative rebound but remains well below the levels needed to address the country’s […]
Kenya has positioned itself as a potential mediator in the contentious Nile waters dispute while simultaneously announcing plans to expand its electricity imports from Ethiopia’s newly inaugurated Grand Ethiopian Renaissance Dam (GERD). Speaking as chief guest at the dam’s $5 billion launch ceremony on Tuesday, President William Ruto praised the project as a Pan-African achievement […]
China has returned to deflationary territory as the world’s second-largest economy continues to grapple with mounting challenges that threaten its growth trajectory. The official consumer price index contracted 0.4% year-on-year in August, marking a sharper decline than the 0.2% drop economists had forecast and representing the country’s slip back into deflation after remaining flat in […]
Ethiopia has officially inaugurated Africa’s largest hydroelectric dam on Tuesday, marking a transformative moment in the nation’s history while simultaneously deepening a diplomatic rift with downstream neighbors that has unsettled the entire region for over a decade. The Grand Ethiopian Renaissance Dam (GERD), a monumental $5 billion project 14 years in the making, reached its […]
The National Treasury, in partnership with the Kenya Development Corporation, has released Sh2.625 billion to Micro, Small and Medium Enterprises (MSMEs) in the past year under the Supporting Access to Finance and Enterprise Recovery (SAFER) Project, marking a significant milestone in Kenya’s post-pandemic economic recovery strategy. Build the future you deserve. Get started with our […]
The UAE’s economic diversification strategy has reached a historic milestone, with real Gross Domestic Product growing by 3.9% to total AED 455 billion ($123.89 billion) in the first quarter of 2025, compared to the same period in 2024. More significantly, non-oil activities have achieved an unprecedented 77.3% contribution to real GDP—the highest in the country’s […]
Kenya has enacted sweeping cybercrime legislation that imposes penalties of up to Sh20 million ($155,000) in fines or ten years...
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
