China’s trade with Africa continues to flourish, demonstrating resilience and growth despite global economic challenges. In the first seven months of 2024, trade between China and Africa rose by 5.5% year-on-year, reaching 1.19 trillion yuan (approximately 166.6 billion U.S. dollars), according to the General Administration of Customs (GAC). This steady growth underscores the deepening economic […]
Bayobab Kenya, part of the Bayobab Group, the digital infrastructure arm of MTN Group, has announced the successful completion of a multi-million-shilling long-distance fibre network that links Mombasa to Malaba and Busia. This new fibre optic network is set to revolutionize connectivity across Kenya, Uganda, and neighboring countries, enhancing digital infrastructure and boosting economic growth […]
China is witnessing a significant surge in protests, with an 18% increase in dissent cases reported in the second quarter of 2024 compared to the same period last year. This rise in public discontent is largely driven by economic challenges, including a deepening real estate crisis and a sluggish economy, which have shaken the confidence […]
In a significant move to enhance agricultural production, trade, and finance, Nigeria and Belgium are set to deepen their collaboration, with a particular focus on leveraging the agricultural potential of Ibadanland. This partnership comes at a crucial time as Nigeria seeks to diversify its economy, reduce dependence on oil, and boost food security, while Belgium […]
In a significant turn of events, Kenya’s financial future took a hit when the International Monetary Fund (IMF) halted its scheduled disbursement of funds after President William Ruto withdrew the contentious Finance Bill 2024. The withdrawal, a result of mounting pressure from nationwide protests, has led to a pause in the much-needed financial assistance from […]
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 agriculture sector recorded its slowest growth rate in over two years during the third quarter of 2025, expanding by...
India's economic trajectory continues to demonstrate resilience and momentum, with the National Statistics Office projecting that the country's economy will...
The United States has significantly expanded its controversial visa bond program, adding Uganda, Nigeria, and 23 other nations to a...
A longstanding commercial dispute has emerged as a potential obstacle to one of East Africa's largest corporate transactions, as Kenyan...
