On September 24, 2024, Moody’s Investors Service issued a report highlighting concerns about the future of the U.S. fiscal profile as the country heads into its 2024 presidential election. Regardless of whether Democrat Kamala Harris or Republican Donald Trump emerges as the victor on November 5, Moody’s anticipates that political challenges and the country’s already […]
Nigeria’s external reserves have surged to a 22-month high, reaching $37.31 billion as of September 18, 2024, according to data released by the Central Bank of Nigeria (CBN). This marks the highest level since November 4, 2022, when the reserves stood at $37.36 billion. The increase signals a significant recovery in Nigeria’s foreign currency position […]
Kenya is poised to strengthen its position as a global hub for business tourism, thanks to a strategic partnership between the Kenyatta International Convention Centre (KICC) and Kenya Airways (KQ). The collaboration, which aims to enhance the promotion of Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism, marks a significant step forward for the country’s burgeoning […]
The global financial landscape has been filled with cautious moves and careful maneuvers, as central banks in major economies like Japan and China kept their interest rates unchanged amidst a delicate balance of inflationary pressures, economic slowdown, and fluctuating market dynamics. Both the Bank of Japan (BOJ) and the People’s Bank of China (PBoC) are […]
Rwanda is the latest country to embrace data vending as a new revenue stream for its stock exchange, following the footsteps of other East African countries like Kenya, Tanzania, and Uganda. The Rwanda Stock Exchange (RSE) is making this strategic move to offset declining trading incomes caused by sluggish equity market performance, shrinking rights issues, […]
Kenyan President William Ruto issued a strong call for comprehensive reforms in global governance and financial systems during his address at the Summit of the Future’s Interactive Dialogue at the United Nations General Assembly in New York on September 22, 2024. Ruto emphasized that these reforms are essential to prevent an impending crisis that threatens […]
The Bank of Japan (BOJ) maintained its short-term interest rates at 0.25% following a two-day meeting that concluded on September 20, 2024. This move, widely anticipated by market analysts, underscores the central bank’s ongoing efforts to balance between inflation control and fostering economic recovery. The BOJ also revised its outlook on consumption, offering a more […]
In a significant move to modernize its financial landscape, South Sudan has introduced strict limits on cash withdrawals in an effort to promote the use of electronic payment systems. The Bank of South Sudan (BoSS), the country’s central banking authority, has capped daily cash withdrawals at SSP10 million (approximately $3,730.58) per individual or entity. The […]
Safaricom, Kenya’s leading telecommunications provider, has entered into a strategic partnership with Mastercard to enhance payment acceptance and cross-border remittance services. This collaboration will benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money platform, which has become a cornerstone of Kenya’s digital financial ecosystem. The partnership marks a significant step toward fostering greater financial inclusion […]
Sri Lanka’s presidential election, scheduled for Saturday, is set to be a crucial event that could shape the nation’s future trajectory, both politically and economically. The election has raised concerns about the ongoing economic recovery and its long-awaited debt restructuring deal with bondholders. As the nation grapples with lingering economic challenges, the outcome of this […]
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...
