After a decade of accumulating air miles between Entebbe, Nairobi and Beijing, officials in Kampala say the wait is over and a modern rail link between Uganda and the global value chains through Kenya – its main seaport gateway– is taking shape as the country’s standard gauge railway (SGR) nears construction stage. Build the future […]
Kenya has officially joined Tanzania in eliminating the long-standing requirement for cash deposits on shipping containers, marking a transformative moment for East African trade that could significantly reduce import costs and streamline cargo operations across the region. One decision can change your entire career. Take that step with our Online courses in ACCA, HESI A2, […]
Turkey’s medium-term economic programme forecasts inflation to hit 28.5% in 2025 and 16% in 2026, before reaching single digits from 2027, as the government maintains its commitment to orthodox monetary policy following years of unconventional economic experiments under President Erdogan. Turkey’s newly published medium-term economic roadmap represents a critical test of the government’s commitment to […]
Local suppliers are pushing for at least 40 percent of the project contracts – with a target of retaining $500 million – from the first phase of Uganda’s flagship standard gauge railway, as construction is expected to begin in April 2026 following the signing of a €2.7 billion contract with Turkish firm Yapı Merkezi. Uganda’s […]
Kenya is positioning itself as a regional leader in nuclear energy development with an ambitious plan to generate 20,000MW of electricity from nuclear power by 2040. The East African nation’s first nuclear power plant, planned for Siaya County, represents a transformative shift in the country’s energy strategy as it seeks to eliminate power shortages and […]
U.S. President Donald Trump signed an order on Thursday to implement lower tariffs on Japanese automobile imports and other products that were announced in July, providing some relief to Japan’s export-heavy economy while formally cementing what Trump called “perhaps the largest Deal ever made” with America’s key Asian ally. Formalizing the deal between the U.S. […]
Lesotho’s biggest diamond mine, Letseng, has laid off 240 workers, a fifth of its workforce, as it battles persistently low gem prices due to weak demand and an uncertain global economic environment, parent company Gem Diamonds said on Thursday, highlighting the deepening crisis engulfing the global diamond industry. One decision can change your entire career. […]
The Kenya Bankers Association (KBA) has backed the Central Bank of Kenya’s new risk-based approach to credit pricing, which will provide a new benchmark for interest rates to be charged on commercial bank loans. The endorsement marks a significant shift in Kenya’s financial sector, promising greater transparency, improved monetary policy transmission, and enhanced access to […]
Turkey’s central bank is likely to scale back planned interest rate cuts, beginning with only 200 basis points next week, after inflation in August came in above expectations, driven by surging food and services, JPMorgan said on Wednesday. The revised forecast reflects growing concerns about persistent price pressures and the need to maintain monetary credibility […]
South Africa’s credit participation, muted for years after the pandemic, saw its sharpest expansion in Q2 2025 since Covid-19, as improved economic conditions and cautious lending normalization drove a significant upturn in credit market activity. The developments signal both opportunity and risk in the recovering South African economy, with strong demand for credit accompanied by […]
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...
