economy
The National Treasury is experiencing heightened tension as President William Ruto’s administration confronts the International Monetary Fund (IMF) over debt restructuring demands. This marks a significant shift in the long-standing relationship between Kenya and its primary external creditor. The core of the disagreement revolves around the pace of fiscal consolidation, a term used by the […]
Zimbabwe is introducing new notes featuring illustrations of the country’s “Big Five” wildlife, aiming to establish a clear national identity for its currency. Existing ZiG notes will remain legal tender. New Currency Rollout The Reserve Bank of Zimbabwe (RBZ) announced the rollout during the 2026 Monetary Policy Statement. A statutory instrument formalizing the introduction of […]
Kenya has introduced a National Data Governance Policy designed to unify government data and transform it into a valuable resource for citizens. The policy shifts the nation’s approach to data management, treating national information as a strategic asset. Breaking Bureaucratic Silos Previously, Kenyan government data management was fragmented, with ministries, departments, and agencies operating independently. […]
Kenya’s efforts to develop a sustainable and resource-efficient economy are encountering challenges due to a reduction in funding from global development partners. This shift impacts grants and concessional financing previously used to support climate and waste management initiatives. Venkat Kotamaraju, Partner & Director (Circular Economy and Climate Solutions) at Intellecap Advisory Services, has cautioned that […]
Malawi faces significant economic challenges requiring urgent reforms, according to a recent World Bank report. The report emphasizes the need for coordinated action to stabilize the economy, boost exports, and create jobs for the country’s growing workforce. An estimated 270,000 young people enter Malawi’s labor market annually, but only around 40,000 formal jobs are created […]
The World Bank has pledged $400 million to Lesotho to promote inclusive growth within the nation. The commitment aims to bolster human capital development and increase employment prospects. This financial support is intended to facilitate programs focused on enhancing education and skills, alongside fostering an environment conducive to business growth and private sector involvement. Education […]
The ongoing strike by Kenya Air Traffic Controllers is impacting the nation’s economy and reputation, according to a recent statement. The disruption is particularly concerning given Kenya’s efforts to grow its tourism sector and maintain its position as a regional hub. Impact on Tourism and Exports The strike is causing flight disruptions, leading to canceled […]
Uganda recently hosted the First African Symposium on Natural Capital Accounting (NCA) and Climate-Sensitive Macroeconomic Modelling at Makerere University, positioning the nation as a leader in climate-sensitive economic planning across Africa. The two-day symposium, held February 12–13, centered on the theme “Climate-Sensitive Macroeconomics: Rethinking Growth in Africa’s Natural Resource Base.” Opening Remarks and Continental Significance […]
Affordable Phones and Nairobi’s Tech Scene The connection between Chinese digital capital and Nairobi’s innovation scene is evident in the ubiquity of affordable Chinese mobile phones. A journalist’s initial observations began with the need for a burner phone upon arriving in Nairobi, highlighting the crucial role these devices play in the city’s value chains. The […]
Nigeria aims to achieve a $1 trillion economy by 2030, according to the Presidency, as the nation focuses on deepening economic and financial inclusion and establishing itself as a leading digital economy hub in Africa. The government is emphasizing reforms to restore confidence, expand inclusion, and attract investment. 2026 RegTech Africa Conference and Expo Nigeria […]