In the heart of Kenya’s Murang’a County, a transformative initiative is unfolding that promises to lift vulnerable families out of poverty and empower them towards financial independence. Known as the Economic Inclusion Programme (EIP), this ambitious project is a collaborative effort between the Kenyan government and the World Bank, and it is setting new benchmarks […]
Introduction Amidst a backdrop of global economic uncertainties, the recent G20 meeting in Rio de Janeiro provided a beacon of hope. A draft communique obtained by Reuters indicates a growing sense of cautious optimism among finance ministers and central bank governors about a potential soft landing for the global economy. This analysis delves into the […]
In a move sending shockwaves through Nigerian markets, the Central Bank of Nigeria (CBN) has announced its fourth consecutive interest rate hike, raising the benchmark lending rate to a staggering 26.75%. This aggressive action underscores the bank’s unwavering commitment to taming inflation, which continues to grip the nation despite previous interventions. Economists had widely anticipated […]
As Kenya navigates a precarious economic landscape, the nation eagerly awaits a crucial decision from the International Monetary Fund (IMF). At the end of August, the IMF board will review Kenya’s comprehensive economic repair plan—a key moment that could steer the country towards recovery or deepen its financial woes. A Nation in Turmoil: The Roots […]
China’s recent surprise decision to cut interest rates has created a stir in financial markets worldwide, sparking a flurry of discussions about its potential impact on the economy and the future of the yuan. This article explores the reasons behind this bold move, its likely consequences, and the challenges that lie ahead for China. Why […]
A Turning Point for the Egyptian Economy In an exciting turn of events, Egypt has achieved a remarkable feat by reducing its foreign debt by a staggering $14 billion in just five months. This news, announced on July 23rd, 2024, marks a pivotal moment for the Egyptian economy, signaling a strong commitment to fiscal discipline […]
Kenya’s recent $500 million oil import deal with Gulf states, including the UAE and Saudi Arabia, is making waves. This agreement, struck in March 2023, aims to tackle Kenya’s persistent dollar shortage, but it comes with its own set of opportunities and risks. Let’s break down the deal’s implications and what it means for Kenya […]
July 19th is a date that will be etched in memory as the day technology faltered and the world stood still. From grounded flights and halted medical services to paralyzed banking systems, the consequences of a massive tech outage reverberated across the globe. The culprit? A faulty software update from cybersecurity giant CrowdStrike, impacting machines […]
The dawn of South Africa’s new coalition government has sparked a wave of optimism as the nation looks to its leaders for a revival of economic fortunes and a reduction in joblessness. This momentous shift promises a fresh approach to tackling the country’s entrenched challenges, but turning these ambitious promises into reality will be no […]
Kenya’s recent move to extend the pay rise freeze to all public servants has stirred up quite a bit of concern and frustration. This article takes a closer look at the reasons behind this decision, exploring how Kenya’s fiscal woes, public sector pay, and the pursuit of sustainable economic growth intersect. Unpacking Kenya’s Fiscal Strain […]
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...
