In a significant move to address labor shortages, Germany and Kenya signed a bilateral agreement on Friday, September 13, 2024, aimed at promoting the recruitment of skilled Kenyan workers to fill gaps in Germany’s labor market. The deal was signed in Berlin during a meeting between Kenyan President William Ruto and German Chancellor Olaf Scholz. […]
The British public’s inflation expectations for the coming year have fallen to their lowest level in three years, according to a Bank of England (BoE) survey released in September 2024. This dip in expectations is likely to reassure policymakers as they prepare for the central bank’s upcoming interest rate decision, which is scheduled for later […]
The operational phase of the African Continental Free Trade Area (AfCFTA) marks a pivotal moment for the African Union’s vision of economic integration, representing the collective aspiration of African nations to foster trade, economic growth, and sustainable development across the continent. On July 7, 2019, at the 12th Extraordinary African Union Summit in Niamey, Niger, […]
Uganda’s decision to use Kenya’s Kisumu port for fuel imports marks a major turning point in East African trade and logistics. This development aligns with Kenya’s broader vision of revitalizing Lake Victoria’s potential as a key inland maritime transport hub, especially for East and Central Africa. By partnering with Uganda, Kenya is inching closer to […]
The United States House of Representatives has passed a bill that aims to limit Chinese involvement in electric vehicles (EVs) by tightening the criteria for EV tax credits. This legislation is designed to reduce the reliance on Chinese-manufactured components and materials in electric vehicle batteries and supply chains, which are critical to the growth of […]
South Africa’s tourism sector is witnessing an impressive resurgence, with Euromonitor International reporting a 40% increase in tourist arrivals in 2023, reaching over eight million visitors. This marks a significant milestone for the country, which is recovering from the impact of the COVID-19 pandemic, as it approaches nearly 90% of its pre-pandemic tourist numbers. Projections […]
Namibia and Kenya are positioning themselves to seize regional and continental economic opportunities to bolster economic growth, trade, and regional integration. These efforts were underscored during the Namibia–Kenya political and diplomatic consultations held earlier this week in Windhoek, Namibia. The consultations culminated in a joint communiqué highlighting the nations’ commitment to deepening their bilateral relations […]
The uncertainty surrounding new U.S. bank capital rules continues to cast a shadow over financial markets, especially as the presidential election looms. While the Federal Reserve’s regulatory chief, Michael Barr, has outlined a plan to raise big bank capital by 9%, this is a significant reduction from the earlier proposal of 19%. It shows a […]
A new report by the African Export-Import Bank (Afreximbank) reveals that East Africa is now the most indebted region on the continent. This growing debt crisis is affecting economic stability across African nations, triggering divestment, declining investor confidence, and threatening the region’s ability to service its loans. The issue of indebtedness has been compounded by […]
Introduction On Tuesday, September 10, 2024, Kenya announced a ban on sugar imports from countries outside the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC). The move, spearheaded by the Ministry of Agriculture and Livestock Development, comes as Kenya’s sugar production levels improve, reducing the country’s reliance on external […]
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...
