The United States has officially withdrawn from the Paris Agreement for the second time, completing a year-long exit process that removes the world’s largest economy from the principal multilateral framework governing global climate action. The withdrawal, which took effect on January 27, 2026, leaves the United States as the only country in the world outside […]
Tanzania has initiated plans to sell portions of its $1.3 billion gold reserves to finance critical infrastructure projects, marking a strategic pivot toward domestic resource mobilization as international development assistance evaporates and political tensions with Western donors intensify. The decision, announced by Planning and Investment Minister Kitila Mkumbo during a briefing in London on Monday, […]
Kenya’s economy is demonstrating remarkable adaptability in navigating an increasingly fragmented global trade environment, positioning itself for sustained growth through strategic diversification and accelerated digital transformation, according to the Mastercard Economics Institute’s comprehensive Economic Outlook 2026 report released in December 2025. The report, which analyzes global economic trends and provides region-specific forecasts, projects consumer spending […]
After nearly two decades of intermittent negotiations marked by protectionist standoffs and political obstacles, India and the European Union have finalized what officials are calling the “mother of all deals”—a comprehensive free trade agreement that creates a market covering 2 billion people and representing approximately $27 trillion in combined economic output, or roughly 25% of […]
The International Monetary Fund’s executive board approved the sixth and final review of Zambia’s Extended Credit Facility on Tuesday, paving the way for a disbursement of $190 million to the Southern African nation and marking the conclusion of a critical economic stabilization program that helped pull the country back from the brink of financial collapse. […]
Kenya stands at a critical juncture for industrial development as the Ministry of Investments, Trade and Industry confronts multiple structural challenges threatening the country’s manufacturing competitiveness and export growth potential. Cabinet Secretary Lee Kinyanjui’s urgent call for the release of billions of shillings in delayed Value Added Tax refunds to companies represents just one dimension […]
Saudi Aramco has successfully completed a $4 billion multi-tranche bond offering that garnered overwhelming investor interest, with order books swelling to more than $21 billion at launch. The transaction underscores the world’s biggest oil company’s continued ability to access international debt markets on favorable terms despite mounting pressures from constrained production levels and subdued crude […]
Nigeria’s economy is positioning itself for robust expansion in 2026, with growth projections reaching 4.0% according to the Mastercard Economics Institute’s Economic Outlook 2026. This forecast places Africa’s largest economy well ahead of the projected global growth rate of 3.1%, signaling a period of accelerated economic activity driven by a confluence of fiscal reforms, strategic […]
The African Development Bank Group’s Board of Directors has approved a $16.5 million loan in November 2025 to support the development of the 35 megawatt OrPower Twenty-Two (OTTL) Geothermal Power Plant, marking a pivotal advancement in Kenya’s clean energy transition and reinforcing the country’s position as Africa’s geothermal energy leader. The flagship renewable energy project […]
India’s largest refiner has executed a strategic pivot in its crude oil sourcing strategy, purchasing approximately 7 million barrels of crude for March delivery from suppliers across Africa, the Middle East, and Latin America. This significant transaction by Indian Oil Corporation marks the latest chapter in India’s accelerating shift away from Russian oil supplies, driven […]
Malaysia is stepping up its climate and sustainability ambitions with a bold financial strategy designed to channel billions of ringgit...
Several Chinese automakers including BYD, Forthing, Changan and GAC took center stage at Cambodia’s largest annual auto show, which opened...
Tunisia’s Ministry of Industry, Energy and Mines has launched a tender for the development of a 300 megawatt (MW) solar...
The London Stock Exchange Group (LSEG) has unveiled a new suite of sustainability ratings, ESG scores and analytics designed to...
