In response to the ongoing crude oil supply challenges affecting Nigeria’s local refining capacity, the Independent Petroleum Producers Group (IPPG) has called on the Nigerian National Petroleum Company Limited (NNPCL) to utilize its allocated crude oil volumes to support domestic refineries. This recommendation comes amid increasing concerns over the country’s ability to meet its refined […]
Introduction The Central Bank of Kenya (CBK) recently disclosed that the printing of new currency notes would cost the nation Sh14.2 billion. This revelation was made by the CBK Governor, Kamau Thugge, during a session with the Finance Committee of the National Assembly, chaired by Molo MP Kuria Kimani. Governor Thugge emphasized that the tender […]
Introduction The rising cost of public services and benefits in the UK has led to a higher-than-expected increase in government borrowing, according to official figures released by the Office for National Statistics (ONS). In July 2024, borrowing reached £3.1 billion, marking the highest level for the month since 2021. This unexpected surge has sparked widespread […]
Introduction In a move reflecting a favorable outlook on inflation and strong economic growth, Rwanda’s central bank has reduced its key interest rate for the second consecutive time. On August 21, 2024, the National Bank of Rwanda (NBR) announced a 50 basis point cut to its Central Bank Rate, bringing it down to 6.5%. This […]
Kenya has embarked on a nationwide sensitization campaign to inform and engage the business community about the vast opportunities presented by the European Union (EU) Economic Partnership Agreement (EPA). The initiative, driven by the Ministry of Investments, Trade, and Industry, aims to unlock the full potential of the EPA by ensuring that businesses and investors […]
As anticipated, China opted to leave its key lending benchmarks unchanged during its monthly rate-setting meeting on Tuesday, maintaining the one-year loan prime rate (LPR) at 3.35% and the five-year LPR at 3.85%. This decision was widely expected by the market, reflecting the delicate balance China’s policymakers must strike between stimulating economic growth and managing […]
Ghana has officially commenced the construction of a $12 billion petroleum hub, a monumental project designed to position the West African nation as a leading player in the regional and global energy markets. President Nana Akufo-Addo inaugurated the project on Monday in the southwestern city of Jomoro, marking the beginning of a venture that the […]
Kenya’s new finance minister, John Mbadi, has announced the reintroduction of several controversial tax proposals that had previously sparked widespread and deadly protests across the nation. These proposals, initially withdrawn after intense public backlash, are set to return through a tax amendment bill as the government grapples with the daunting challenge of raising revenue to […]
Vice President Kamala Harris is set to announce a robust economic agenda as she embarks on her first major policy rollout since becoming the Democratic Party’s presidential nominee. Following her recent ascension to the top of the ticket, replacing President Joe Biden, Harris is riding a wave of enthusiasm. Her campaign has been buoyed by […]
In a significant move aimed at bolstering Nigeria’s economy, the Oil and Gas Free Zones Authority (OGFZA) has initiated a strategic collaboration with the Nigerian Financial Intelligence Unit (NFIU). This partnership is expected to play a crucial role in attracting high-value foreign direct investment (FDI) and enhancing the transparency and compliance standards within Nigeria’s oil […]
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...
