The global financial landscape has been filled with cautious moves and careful maneuvers, as central banks in major economies like Japan and China kept their interest rates unchanged amidst a delicate balance of inflationary pressures, economic slowdown, and fluctuating market dynamics. Both the Bank of Japan (BOJ) and the People’s Bank of China (PBoC) are […]
Rwanda is the latest country to embrace data vending as a new revenue stream for its stock exchange, following the footsteps of other East African countries like Kenya, Tanzania, and Uganda. The Rwanda Stock Exchange (RSE) is making this strategic move to offset declining trading incomes caused by sluggish equity market performance, shrinking rights issues, […]
Kenyan President William Ruto issued a strong call for comprehensive reforms in global governance and financial systems during his address at the Summit of the Future’s Interactive Dialogue at the United Nations General Assembly in New York on September 22, 2024. Ruto emphasized that these reforms are essential to prevent an impending crisis that threatens […]
The Bank of Japan (BOJ) maintained its short-term interest rates at 0.25% following a two-day meeting that concluded on September 20, 2024. This move, widely anticipated by market analysts, underscores the central bank’s ongoing efforts to balance between inflation control and fostering economic recovery. The BOJ also revised its outlook on consumption, offering a more […]
In a significant move to modernize its financial landscape, South Sudan has introduced strict limits on cash withdrawals in an effort to promote the use of electronic payment systems. The Bank of South Sudan (BoSS), the country’s central banking authority, has capped daily cash withdrawals at SSP10 million (approximately $3,730.58) per individual or entity. The […]
Safaricom, Kenya’s leading telecommunications provider, has entered into a strategic partnership with Mastercard to enhance payment acceptance and cross-border remittance services. This collaboration will benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money platform, which has become a cornerstone of Kenya’s digital financial ecosystem. The partnership marks a significant step toward fostering greater financial inclusion […]
Sri Lanka’s presidential election, scheduled for Saturday, is set to be a crucial event that could shape the nation’s future trajectory, both politically and economically. The election has raised concerns about the ongoing economic recovery and its long-awaited debt restructuring deal with bondholders. As the nation grapples with lingering economic challenges, the outcome of this […]
In a significant shift in South Africa’s monetary policy, the South African Reserve Bank (SARB) has lowered interest rates for the first time since 2020, signaling optimism regarding inflation control and economic recovery. This move follows global trends of easing financial conditions and offers a potential stimulus to South Africa’s struggling economy, which has been […]
In a significant move that underscores the expanding role of private companies in Kenya’s infrastructure sector, the Kenyan government has awarded a $1.3 billion power transmission contract to India’s Adani Group, led by billionaire Gautam Adani. The deal, part of a broader effort to boost Kenya’s energy infrastructure and meet the rising demand for electricity, […]
The Federal Reserve took a significant step on Wednesday by announcing an anticipated series of interest rate cuts. The U.S. central bank opted for a larger-than-usual reduction, cutting its benchmark policy rate by half a percentage point. This move signals the Fed’s commitment to maintaining economic stability, particularly in terms of unemployment, following the recent […]
When Egypt's Foreign Minister Badr Abdelatty landed in Nairobi this week, he did not arrive empty-handed. He carried a written...
For five days this month, the Indian capital has become the undisputed centre of global artificial intelligence debate. The India...
South Africa's unemployment rate has retreated to its lowest level in over five years, offering a cautious reason for optimism...
With only two days remaining before the Kenya Pipeline Company initial public offering closes on February 19, 2026, the Kenyan...
