On September 5, 2024, Ghana initiated a significant step in its economic recovery by inviting holders of approximately $13 billion in international bonds to participate in a restructuring offer. This move comes after a prolonged period of financial distress, exacerbated by a combination of internal and external factors, including the COVID-19 pandemic, the war in […]
Chinese President Xi Jinping, during a meeting with Kenyan President William Ruto, proposed strengthening the China-Kenya strategic partnership across three key areas. This meeting, held on the sidelines of the 2024 Forum on China-Africa Cooperation (FOCAC) Summit in Beijing, signals a new chapter in the already robust relationship between the two nations. The proposals by […]
The global travel and tourism industry is poised to make an unprecedented impact on the world economy, with its contribution to global Gross Domestic Product (GDP) expected to reach a record $11.1 trillion in 2024. This significant milestone underscores the sector’s resilience and recovery following the challenges posed by the COVID-19 pandemic, geopolitical tensions, and […]
In a landmark announcement at the Forum on China-Africa Cooperation (FOCAC) Summit, Chinese President Xi Jinping pledged $51 billion in fresh financing to Africa, promising to support 30 major infrastructure projects across the continent and create at least 1 million jobs. This substantial financial commitment underscores China’s deepening economic ties with Africa and its strategic […]
The proposed takeover of Nairobi’s Jomo Kenyatta International Airport (JKIA) by India’s Adani Group has triggered widespread protests in Kenya, leading to significant concerns on both domestic and international fronts. The deal, which involves a $1.85 billion investment by Adani in exchange for the operation of the airport for 30 years, has raised alarm among […]
Introduction: The Need for Labor-Intensive Export Growth India, the world’s fastest-growing major economy, recorded a robust 6.7% year-on-year growth in the April-June 2024 quarter. However, while these figures reflect the country’s economic strength, significant challenges remain—particularly in the area of job creation. The World Bank, in its latest “India Development Update” report released on September […]
In a bold move that promises to reshape Nigeria’s foreign exchange landscape, President Bola Tinubu’s administration has introduced the ‘naira for crude’ initiative, which allows indigenous refineries to purchase crude oil using either the naira or the U.S. dollar. This policy, praised by business magnate Aliko Dangote, is expected to significantly reduce the demand for […]
Introduction China and Africa have long enjoyed a robust economic and trade relationship, which has seen significant expansion and diversification over recent years. According to Assistant Minister of Commerce Tang Wenhong, Sino-African economic and trade cooperation has reached unprecedented levels since the 2021 Forum on China-Africa Cooperation (FOCAC). This collaboration has delivered tangible benefits across […]
Introduction The UK’s offshore energy sector, a critical pillar of the country’s economy, is facing a potential crisis. On September 2, 2024, Offshore Energies UK (OEUK), the leading trade body representing the industry, released a detailed analysis modeling the impact of the UK government’s proposed changes to the Energy Profits Levy (EPL). The findings are […]
Introduction Kenya’s avocado industry, a crucial sector of its agricultural exports, has recently faced a significant downturn in its trade with China. Chinese customs data reveal a staggering 80% drop in avocado imports from Kenya in the first seven months of 2024. This decline from 3.67 million kilograms in 2023 to just 742,934 kilograms this […]
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...
