The upcoming Qatar-EU summit, set to take place in October 2024 in Brussels, is expected to be a pivotal moment in the strengthening of bilateral relations between Qatar and the European Union (EU). This will mark the first-ever leaders’ summit between the two entities, and according to H.E. Dr. Cristian Tudor, the EU Ambassador to […]
Nigeria’s agricultural sector has undergone a remarkable transformation in recent years, particularly in the fertiliser industry, which has witnessed an exponential increase in production capacity. According to Sadiq Kassim, President of the Fertiliser Producers and Suppliers Association of Nigeria (FEPSAN) and Director of Corporate Affairs at Tropical General Investment (TGI) Group, the country’s fertiliser production […]
Kenya’s financial landscape is in the spotlight as the Auditor General’s office has officially begun a comprehensive audit of the country’s national debt. This move, driven by Finance Minister John Mbadi, is aimed at assessing the country’s debt, currently standing at a staggering 10.5 trillion shillings ($81.71 billion). The audit is part of the government’s […]
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 […]
President William Ruto presided over the distribution of KSh63 million in business start-up capital to 2,520 young entrepreneurs from Garissa...
India has emerged from a year of intense trade negotiations with a renewed strategic position, announcing breakthrough agreements with major...
Ethiopia's central bank has announced sweeping reforms to its foreign exchange regulations, removing a critical barrier that has long constrained...
Kenya's Capital Markets Authority has approved six financial firms to operate as market intermediaries in a move designed to deepen...
