South Africa’s economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data released by Statistics South Africa on Tuesday, December 2. While the growth figure met market expectations, it represented a notable deceleration from the revised 0.9% expansion recorded in the second quarter, marking the first slowdown […]
The Nairobi Securities Exchange of Kenya and the National Securities Exchange of Somalia have forged a transformative partnership that promises to reshape East Africa’s financial landscape, marking an unprecedented collaboration between one of the continent’s most established stock markets and its newest bourse. The Memorandum of Understanding signed between the two institutions establishes a comprehensive […]
The United States officially assumed the presidency of the Group of 20 major economies on December 1, 2025, signaling a dramatic shift in priorities for the world’s premier forum for international economic cooperation. The transition comes amid unprecedented diplomatic friction with outgoing host South Africa, marking one of the most contentious presidential handovers in the […]
A groundbreaking industrial partnership between Egypt and Saudi Arabia is poised to reshape the medical supply landscape across the Middle East and North Africa region. The initiative, centered on localizing hemodialysis filter manufacturing, represents a significant step toward achieving medical self-sufficiency and reducing dependency on imports in critical healthcare supplies. Saudi Deputy Minister of Industry […]
Kenya has officially cemented its position as a rising force on the global economic landscape, making a landmark debut in the International Institute for Management Development (IMD) World Competitiveness Ranking (WCR) 2025. The results, published by the IMD World Competitiveness Center, have placed Kenya as Africa’s Most Competitive Economy, securing the 56th position globally out […]
India’s latest quarterly growth figure has significantly surpassed even the most optimistic forecasts, positioning the nation as the world’s fastest-growing major economy. For the July–September quarter of Financial Year 2026 (Q2 FY26), the economy expanded by a staggering 8.2% in real terms year-on-year (YoY), marking the fastest pace recorded in six quarters, according to data […]
The global discourse on economic development is witnessing a seismic shift, nowhere more acutely than in Africa. This pivot was the central theme as international and local economic policy leaders converged in Nairobi for a high-level, three-day Research and Policy Summit hosted by the African Economic Research Consortium (AERC). The gathering, held under the ambitious […]
Kenya has officially launched a transformative $1.5 billion highway expansion project with two Chinese state-owned firms, marking a significant realignment in the country’s infrastructure financing strategy following the collapse of U.S.-backed development initiatives. The groundbreaking ceremony held on Friday represents Beijing’s return to major infrastructure development in East Africa after years of cautious lending, while […]
Prime Minister Mark Carney signed a landmark memorandum of understanding with Alberta Premier Danielle Smith on Thursday that fundamentally reshapes Canada’s approach to energy development and climate policy, scrapping several signature environmental regulations implemented under his predecessor Justin Trudeau in exchange for commitments to strengthen industrial carbon pricing and advance what would be the world’s […]
Senegal’s financial credibility has collapsed under the weight of a massive hidden debt scandal that has exposed billions of dollars in unreported liabilities, triggered multiple credit downgrades, frozen international lending programs, and sparked an increasingly contentious standoff between the West African nation’s new government and the International Monetary Fund over how to resolve the crisis. […]
The African Development Bank Group's Board of Directors has approved a $16.5 million loan in November 2025 to support the...
India's largest refiner has executed a strategic pivot in its crude oil sourcing strategy, purchasing approximately 7 million barrels of...
Nigerian President Bola Tinubu has approved targeted, investment-linked incentives to support Shell's proposed Bonga South West deepwater oil project, following...
Kenya's cooperative financial sector continues to serve as a critical conduit for international development financing, with Siraji Savings and Credit...
