In his first press conference since taking office in July, Iranian President Masoud Pezeshkian made a bold declaration to address two of the most significant issues facing Iran: its Financial Action Task Force (FATF) blacklist status and the Joint Comprehensive Plan of Action (JCPOA), commonly known as the 2015 nuclear deal. These two interconnected challenges […]
The Africa Export-Import Bank (Afreximbank) has reaffirmed its dedication to fostering economic growth on the African continent, particularly through the support of small and medium-sized enterprises (SMEs) engaged in agribusiness. This announcement came as Mrs. Oluranti Doherty, the Managing Director of Export Development at Afreximbank, reiterated the bank’s commitment to scaling up financial support to […]
In a significant move to address labor shortages, Germany and Kenya signed a bilateral agreement on Friday, September 13, 2024, aimed at promoting the recruitment of skilled Kenyan workers to fill gaps in Germany’s labor market. The deal was signed in Berlin during a meeting between Kenyan President William Ruto and German Chancellor Olaf Scholz. […]
The British public’s inflation expectations for the coming year have fallen to their lowest level in three years, according to a Bank of England (BoE) survey released in September 2024. This dip in expectations is likely to reassure policymakers as they prepare for the central bank’s upcoming interest rate decision, which is scheduled for later […]
The operational phase of the African Continental Free Trade Area (AfCFTA) marks a pivotal moment for the African Union’s vision of economic integration, representing the collective aspiration of African nations to foster trade, economic growth, and sustainable development across the continent. On July 7, 2019, at the 12th Extraordinary African Union Summit in Niamey, Niger, […]
Uganda’s decision to use Kenya’s Kisumu port for fuel imports marks a major turning point in East African trade and logistics. This development aligns with Kenya’s broader vision of revitalizing Lake Victoria’s potential as a key inland maritime transport hub, especially for East and Central Africa. By partnering with Uganda, Kenya is inching closer to […]
The United States House of Representatives has passed a bill that aims to limit Chinese involvement in electric vehicles (EVs) by tightening the criteria for EV tax credits. This legislation is designed to reduce the reliance on Chinese-manufactured components and materials in electric vehicle batteries and supply chains, which are critical to the growth of […]
South Africa’s tourism sector is witnessing an impressive resurgence, with Euromonitor International reporting a 40% increase in tourist arrivals in 2023, reaching over eight million visitors. This marks a significant milestone for the country, which is recovering from the impact of the COVID-19 pandemic, as it approaches nearly 90% of its pre-pandemic tourist numbers. Projections […]
Namibia and Kenya are positioning themselves to seize regional and continental economic opportunities to bolster economic growth, trade, and regional integration. These efforts were underscored during the Namibia–Kenya political and diplomatic consultations held earlier this week in Windhoek, Namibia. The consultations culminated in a joint communiqué highlighting the nations’ commitment to deepening their bilateral relations […]
The uncertainty surrounding new U.S. bank capital rules continues to cast a shadow over financial markets, especially as the presidential election looms. While the Federal Reserve’s regulatory chief, Michael Barr, has outlined a plan to raise big bank capital by 9%, this is a significant reduction from the earlier proposal of 19%. It shows a […]
Safaricom, in partnership with the Nairobi Securities Exchange, has officially launched Ziidi Trader, a groundbreaking platform integrated directly into the...
The United Kingdom has recorded the most significant contraction in household disposable income among the Group of Seven economies during...
Nigeria's foreign exchange reserves have surged to approximately $49 billion as of February 5, 2026, according to Central Bank of...
The National Social Security Fund (NSSF) has unveiled an ambitious infrastructure-led investment strategy that will see up to Ksh30 billion...
