The Eurozone’s core inflation displayed a slight moderation in August, adding an air of uncertainty to the upcoming policy considerations of the European Central Bank (ECB). The consumer price index for the 20 Eurozone nations maintained its level at 5.3%, underscoring the impact of soaring food, alcohol, and tobacco prices that escalated by 9.8% since […]
In an unprecedented move, the forthcoming African Climate Summit is set to transform how the continent addresses its climate challenges. With the aim of redirecting attention from Africa as a helpless victim of floods and famine, the summit, commencing in Nairobi next week, seeks to position the region as an active participant in climate finance […]
Analyzing Labor Market Trends The US labor market is showing signs of a gradual slowdown, with a decline in job openings and a decrease in resignations capturing attention and raising questions about economic dynamics and potential Federal Reserve actions. Job Openings: A Notable Decline In a shift that caught analysts by surprise, the month of […]
French mining company Eramet has swiftly announced its plans to resume manganese mining operations in Gabon, signaling a decisive move to restore normalcy following a temporary suspension in the wake of a recent coup. The abrupt decision to halt activities caused Eramet’s stock value to plunge by nearly 17% during Paris’s daily stock market trading. […]
In a significant move aimed at reshaping Kenya’s energy landscape, Members of Parliament (MPs) are pushing forward with a proposal to dismantle the monopoly held by Kenya Power. The plan, gaining momentum, seeks to introduce Independent Power Producers (IPPs) into the market, allowing them to directly sell tokens to consumers. The primary goals are to […]
Kenya’s energy sector faces a pivotal juncture as the government deliberates on the fate of its government-to-government (G-to-G) fuel import deal with Gulf nations. This Wednesday, a decision is expected to be unveiled that could reshape the country’s approach to energy procurement. Initiated earlier this year, the deal aimed to mitigate dollar pressure and provide […]
China has taken a significant step to revitalize its stock market by halving the stamp duty on stock trading, effective immediately. This strategic move comes as the country grapples with economic uncertainties stemming from the post-pandemic recovery and challenges within its property market. The Ministry of Finance, in partnership with the State Taxation Administration, announced […]
EU Infrastructure Fund Eyes African Clean Jet Fuel Projects The European Union is turning its attention to Africa, seeking to bolster sustainable air travel through clean jet fuel projects as part of its Global Gateway infrastructure fund. With growing demand for eco-friendly aviation, the EU’s strategic move aims to support both the aviation industry and […]
In a move that marks a significant transformation for the global economic landscape, the BRICS alliance is poised to expand its horizons by welcoming six new member nations. The decision was unveiled during the 2023 BRICS Summit held at Johannesburg’s esteemed Sandton Convention Centre on August 24, 2023. This expansion is set to fuel substantial […]
In a significant address, President Dilma Rousseff, the head of the New Development Bank established by BRICS nations, highlighted the institution’s potential in assisting African countries to confront their pressing challenges. During her speech in Johannesburg, the former Brazilian President emphasized the mutually beneficial partnership between BRICS countries and Africa. The New Development Bank, formed […]
As Kenya’s Sh301 billion International Monetary Fund (IMF) programme nears expiration in April, the Kenya Kwanza government is actively exploring...
In a significant monetary policy shift, the Reserve Bank of India (RBI) has cut its key repo rate for the...
The Reserve Bank of Zimbabwe (RBZ) has opted to maintain its key interest rate at 35%, signaling a commitment to...
In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF...