Japan’s parliament has made a significant move by summoning Bank of Japan (BOJ) Governor Kazuo Ueda to special sessions scheduled for August 23, 2024. These sessions, to be held by the finance committees of both the upper and lower houses, aim to address the central bank’s unexpected decision to raise interest rates, a move that […]
In a landmark collaboration aimed at bolstering Nigeria’s agricultural sector and addressing the nation’s food security challenges, a coalition of agro-allied commodities and cooperatives’ service providers has teamed up with the World Bank to roll out a six-year, $500 million food security programme. The initiative, announced on August 13, 2024, underscores the critical need for […]
The recent Isiolo, Marsabit, and Samburu County Investment Conference has highlighted the immense potential of the northern Kenya region, with infrastructure development seen as a key catalyst for economic growth. Traditionally marginalized, this region is poised for a transformation, with planned infrastructure projects expected to unlock the area’s economic potential, create jobs, and attract investment. […]
Last Monday, global financial markets experienced a significant shake-up as the unwinding of the Japanese yen carry trade sent shockwaves across equities, currencies, and digital assets. The S&P Global Broad Market Index, which tracks the performance of over 14,000 stocks worldwide, retreated by 3.3%—its most severe trading day in over two years. The Tokyo Stock […]
The Central Bank of Nigeria’s (CBN) recent move to reintroduce the Retail Dutch Auction System (rDAS) has garnered significant attention and mixed reactions from analysts, economists, and stakeholders across various sectors. The reintroduction of rDAS, which was previously suspended in 2015, is part of the CBN’s broader strategy to stabilize the foreign exchange (FX) market […]
The Kenyan government is taking significant steps to acknowledge and enhance the role of village elders in governance and community development. A new policy framework has been proposed, aiming to provide a monthly allowance of up to Sh7,000 for village elders across the country. This initiative is seen as a crucial move to formalize and […]
In a decision that was widely anticipated by market observers, the Reserve Bank of India (RBI) held its key interest rate steady at 6.50% on Thursday, marking the ninth consecutive policy meeting without a change. The Monetary Policy Committee (MPC), consisting of three RBI officials and three external members, voted to maintain the repo rate, […]
The Lagos State Government is on the cusp of revolutionizing its revenue collection process with the imminent launch of the Lagos Revenue Portal (LRP), a robust digital platform designed to streamline tax and non-tax payments for residents and businesses alike. This move is poised to significantly enhance compliance, promote transparency, and drive efficient service delivery, […]
In a strategic move aimed at bolstering the growth of Small and Medium Enterprises (SMEs) in Kenya, the East African Development Bank (EADB) has announced a significant partnership with four key financial institutions. These institutions—Sidian Bank, HF Bank, Development Bank of Kenya (DBK), and Kenya Women’s Finance Trust Microfinance Bank (KWFT)—are set to channel Sh892 […]
In a widely anticipated move, the Reserve Bank of India (RBI) opted to keep its key interest rate unchanged on Thursday, signaling a continued focus on bringing inflation down despite the prevailing global market volatility that has other major central banks considering easing their policies. The Monetary Policy Committee (MPC) maintained the repo rate at […]
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...
