Kenya’s central bank took a bold step last week on Tuesday, announcing a significant interest rate hike in a bid to stabilize the struggling shilling currency (KES= USD 0.0065). The currency’s depreciation has not only triggered inflationary pressures but also hampered foreign investment and impacted debt-servicing. The Central Bank of Kenya raised its policy rate […]
Shell is eyeing a golden opportunity worth $5 billion in offshore oil investment in Nigeria, with an additional commitment of $1 billion over the next five to ten years to enhance natural gas production for both domestic use and exports. The announcement came from a presidential spokesperson on Thursday, revealing insights from Shell’s director of […]
Get ready for a climate action extravaganza! COP28 is poised to catapult the climate-health nexus into the global spotlight, giving health the VIP treatment in the fight against climate change. The much-anticipated Health Programme is currently in the works, and juicy details are on the way. But that’s not all – brace yourself for the […]
Buckle up, because Aliko Dangote, the powerhouse behind Dangote Group, is gearing up to set the Nigerian Exchange (NGX) ablaze with a sizzling $20 billion entry! Hold onto your hats as Dangote Petroleum Refinery is set to make its grand debut on the trading floor in December, boasting a production juggernaut of 350,000 barrels per […]
In the words of South African artist William Kentridge, the first stroke on a blank canvas must signify something profound in the world. Today, the African art market is doing just that – making an irresistible mark, disrupting the colonialized norms of the global creative economy. Recent findings from ArtTactic reveal that the combined annual […]
Ah, the holidays are upon us, and what better way to lift the spirits of your hardworking team than transforming your office into a festive wonderland? The joyous season is all about spreading cheer, and there’s no reason why your workspace can’t join in the merriment. So, grab your tinsel and let’s dive into some […]
What exactly constitutes a COP, or Conference of the Parties, you may wonder? It’s the United Nations’ annual climate change extravaganza, where global leaders, ministers, and negotiators unite to tackle the colossal challenge of climate change. Picture it as a high-stakes summit, with governments that have pledged allegiance to the UN Framework Convention on Climate […]
In a dazzling encore, gold prices achieved yet another historic high on Monday, soaring to $2,100 in the midst of an escalating global clamor for the precious metal. The allure of gold is poised to endure, with experts forecasting sustained highs above the $2,000 mark well into the coming year. Analysts attribute this glittering surge […]
Kenya is embarking on an exciting journey of economic transformation, kickstarting its privatisation initiative by offering ownership stakes in 11 key enterprises, including the state-owned oil pipeline. This bold move, announced by the finance ministry, is part of a comprehensive strategy to bolster government revenues in the face of mounting debt obligations. Beyond the government’s […]
A game-changing force has emerged in the African continent, and it is stirring the winds of change. Enter the African Continental Free Trade Area (AfCFTA) – not just a pact but a powerhouse of possibilities, a force destined to catapult Africa into an era of economic liberation and global prominence. Raising the Standard of Living: […]
