In a significant shift in South Africa’s monetary policy, the South African Reserve Bank (SARB) has lowered interest rates for the first time since 2020, signaling optimism regarding inflation control and economic recovery. This move follows global trends of easing financial conditions and offers a potential stimulus to South Africa’s struggling economy, which has been […]
In a significant move that underscores the expanding role of private companies in Kenya’s infrastructure sector, the Kenyan government has awarded a $1.3 billion power transmission contract to India’s Adani Group, led by billionaire Gautam Adani. The deal, part of a broader effort to boost Kenya’s energy infrastructure and meet the rising demand for electricity, […]
The Federal Reserve took a significant step on Wednesday by announcing an anticipated series of interest rate cuts. The U.S. central bank opted for a larger-than-usual reduction, cutting its benchmark policy rate by half a percentage point. This move signals the Fed’s commitment to maintaining economic stability, particularly in terms of unemployment, following the recent […]
A Temporary Respite for Burundi After weeks of fuel shortages that severely disrupted daily life and businesses across Burundi, a temporary relief came this week as petroleum supplies finally arrived, allowing the fuel queues that had become a common sight in Bujumbura, the country’s commercial capital, to disappear. The scarcity had led to widespread complaints […]
In a significant move aimed at accelerating industrial growth and attracting investment, Kenya’s Special Economic Zones (SEZs) have received a major boost following the official launch of the Association of Special Economic Zones (ASEZ). This new association is set to transform the landscape of SEZs by bringing together various stakeholders, including developers, operators, investors, and […]
The upcoming Qatar-EU summit, set to take place in October 2024 in Brussels, is expected to be a pivotal moment in the strengthening of bilateral relations between Qatar and the European Union (EU). This will mark the first-ever leaders’ summit between the two entities, and according to H.E. Dr. Cristian Tudor, the EU Ambassador to […]
Nigeria’s agricultural sector has undergone a remarkable transformation in recent years, particularly in the fertiliser industry, which has witnessed an exponential increase in production capacity. According to Sadiq Kassim, President of the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) and Director of Corporate Affairs at Tropical General Investment (TGI) Group, the country’s fertiliser production […]
Kenya’s financial landscape is in the spotlight as the Auditor General’s office has officially begun a comprehensive audit of the country’s national debt. This move, driven by Finance Minister John Mbadi, is aimed at assessing the country’s debt, currently standing at a staggering 10.5 trillion shillings ($81.71 billion). The audit is part of the government’s […]
In his first press conference since taking office in July, Iranian President Masoud Pezeshkian made a bold declaration to address two of the most significant issues facing Iran: its Financial Action Task Force (FATF) blacklist status and the Joint Comprehensive Plan of Action (JCPOA), commonly known as the 2015 nuclear deal. These two interconnected challenges […]
The Africa Export-Import Bank (Afreximbank) has reaffirmed its dedication to fostering economic growth on the African continent, particularly through the support of small and medium-sized enterprises (SMEs) engaged in agribusiness. This announcement came as Mrs. Oluranti Doherty, the Managing Director of Export Development at Afreximbank, reiterated the bank’s commitment to scaling up financial support 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...
