Malaysia is set to introduce extensive fiscal reforms in 2025, expanding its sales and services tax (SST) and restructuring fuel subsidies, as the government gears up for record-breaking budget spending. Announced by Prime Minister Anwar Ibrahim on Friday, the fiscal measures aim to tighten the country’s deficit while managing rising public sector costs and boosting […]
A trade dispute between Rwanda and Tanzania has intensified, with Kigali accusing Dodoma of blocking its dairy exports despite a memorandum of understanding signed earlier this year. This row surfaced during a roundtable discussion held by the East African Business Council (EABC) with the Secretary-General of the East African Community (EAC), where the private sector […]
Kenya and South Korea have taken their six-decade-long diplomatic relationship to new heights, signing a landmark Memorandum of Understanding (MoU) aimed at transforming key sectors such as agriculture, energy, and technology. This agreement is expected to foster innovation, improve food security, and strengthen trade between the two nations, marking a significant step toward deeper collaboration. […]
The European Central Bank (ECB) announced its third interest rate cut of the year on Thursday, reflecting the ongoing slowdown in economic growth, signs of softening in the labor market, and easing consumer price pressures. In a move widely anticipated by analysts, the ECB reduced its deposit rate by 25 basis points to 3.25%, according […]
In its pursuit of an integrated, prosperous, and peaceful Africa, the African Union’s Agenda 2063 outlines a vision driven by African citizens and emphasizes inclusive and sustainable development. For Africa to meet these development goals, the African Development Bank (AfDB) stresses that the continent must achieve sustained economic growth of at least 7% annually. However, […]
Kenya is currently in advanced discussions with the United Arab Emirates (UAE) to secure a $1.5 billion commercial loan, with an interest rate of 8.25% and a repayment period of seven years. This loan, according to Finance Minister John Mbadi, offers more favorable terms compared to previous financing methods, such as Eurobonds. The move comes […]
Investors in British government bonds (gilts) are on edge ahead of the new Labour government’s first budget announcement on October 30. Finance Minister Rachel Reeves is set to reveal her fiscal agenda, the first of its kind in 14 years under a Labour administration. While many anticipate a significant rise in debt issuance, bond markets […]
The Nigerian Economic Summit Group (NESG) recently concluded its landmark 30th annual summit, bringing together business leaders, policymakers, and stakeholders from across Africa and beyond to discuss Nigeria’s economic challenges and opportunities. With the theme “Collaboration for Action,” the event emphasized a unified effort to address the pressing economic issues facing the country and the […]
Kenya and Ghana are committed to strengthening bilateral trade ties as the volume of goods exchanged between the two countries continues to grow. This development comes as both nations seek to deepen economic cooperation and foster stronger intra-African trade relations. Kenya’s primary exports to Ghana include vegetable fibers, tea, and aluminum, while Ghana exports coconut […]
On Tuesday, October 16, 2024, the World Bank took a significant step in enhancing its capacity to assist developing countries. By altering its internal lending rules, the bank is now set to unlock an additional $30 billion in lending capacity over the next decade. This change, led by World Bank President Ajay Banga, is part […]
The United States government bond market delivered a nuanced verdict in the days surrounding the Federal Reserve's March 18, 2026...
President Donald Trump signed two executive orders on March 13, 2026, addressing what his administration has described as the most...
The Federal Open Market Committee (FOMC) voted eleven to one on Wednesday, March 18, 2026 to hold the benchmark federal...
One of the most consequential announcements in the history of autonomous vehicle commercialisation was made at Nvidia's annual GTC conference...
