On August 27, 2024, oil prices experienced a significant 2% drop, driven primarily by concerns over slowing economic growth in major global economies, including the United States and China. The decline in oil prices followed a three-day surge of more than 7%, which had initially bolstered market optimism. However, fears of reduced energy demand have […]
Nigeria’s economy saw a notable improvement in the second quarter of 2024, with the Gross Domestic Product (GDP) growing by 3.19%, according to the National Bureau of Statistics (NBS). This growth rate reflects an increase from the 2.51% recorded in Q2 2023 and a slight uptick from the 2.98% observed in the first quarter of […]
As of 2024, it is estimated that over three million Kenyans reside in various countries around the globe, contributing significantly to the country’s economy through remittances. These remittances have been a crucial lifeline for many families in Kenya and have played a substantial role in the country’s economic stability. However, despite these contributions, many Kenyans […]
In a significant development that could reshape the U.S. economic landscape ahead of the November presidential election, Federal Reserve Chair Jerome Powell signaled a strong likelihood of interest rate cuts in mid-September. Speaking at the Kansas City Federal Reserve’s annual Jackson Hole symposium on August 26, 2024, Powell indicated that the central bank’s focus would […]
The Federal Government of Nigeria has launched a new agricultural initiative, “ProjectEarnFromTheSoil,” aimed at revitalizing the agricultural sector across the South-South region. The project, unveiled in Bayelsa State on August 26, 2024, seeks to empower smallholder farmers, fisherfolk, agribusinesses, and coastal communities, with a strong emphasis on integrating women into the agricultural economy. Project Overview: […]
Kenya’s financial and political landscape has been thrown into turmoil following the decision by President William Ruto to rescind a highly controversial finance bill. This decision has prompted global credit rating agencies to reassess the country’s economic outlook, leading to significant downgrades that could have lasting impacts on Kenya’s economy. The most recent downgrade by […]
The United Kingdom is bracing for yet another increase in energy bills as the nation grapples with the dual pressures of extreme weather and global geopolitical instability. The British energy regulator, Ofgem, announced a 10% rise in the energy price cap for household energy bills, effective from October 1, 2024. This increase brings the annual […]
Uganda is intensifying its efforts to secure adequate oil supplies by diversifying its import routes, a strategy aimed at addressing persistent challenges in meeting its growing demand for petroleum products. The Uganda National Oil Corporation (UNOC) has recently expanded its importation efforts to include the port of Dar es Salaam in Tanzania, supplementing the traditional […]
Kenya is poised to make a significant leap in its energy sector with the announcement of its plans to begin the construction of the country’s inaugural nuclear power plant in 2027. This initiative is part of a broader strategy to enhance the nation’s energy capacity, reduce carbon emissions, and stimulate economic growth through job creation. […]
Japan’s core inflation rate accelerated for the third consecutive month in July, according to data released by the government on Friday. The nationwide core consumer price index (CPI), which excludes volatile fresh food prices, rose by 2.7% compared to the same month last year. This is a slight uptick from the 2.6% rise recorded in […]
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...
