economy

economy

IMF lifts 2025 global growth forecast on tariff distortion

IMF lifts 2025 global growth forecast on tariff distortion

Africa-Press - Kenya. The IMF raised its global growth forecast Tuesday as efforts to circumvent Donald Trump’s sweeping tariffs sparked a bigger-than-expected surge in...
Low Rainfall and Cold Temperatures Threaten Cocoa Crops

Low Rainfall and Cold Temperatures Threaten Cocoa Crops

Africa-Press - Kenya. Cocoa farmers in Ivory Coast say a cold spell and lack of rainfall could lead to crop damage and reduced expectations...
Russia bans gasoline exports until Aug. 31

Russia bans gasoline exports until Aug. 31

Africa-Press - Kenya. Russia said Monday that it has temporarily banned gasoline exports until Aug. 31. "The decision was made to maintain a stable situation...
Sugarcane Prices Rise to Ksh5,750 Per Tonne

Sugarcane Prices Rise to Ksh5,750 Per Tonne

Africa-Press - Kenya. Farmers are set to benefit from a windfall after the government once again increased the minimum price of sugarcane, raising it...
What To Expect From Monday’s OPEC+ Meeting

What To Expect From Monday’s OPEC+ Meeting

Africa-Press - Kenya. OPEC+ looks set to stay the course at Monday’s Joint Ministerial Monitoring Committee meeting, with four anonymous delegates telling Reuters the...
Google commits $37 million to AI development In Africa

Google commits $37 million to AI development In Africa

Africa-Press - Kenya. Google on Thursday unveiled a $37 million package to accelerate artificial intelligence development across Africa, pledging support for local AI research...
A Moment of Opportunity for Clean Energy Advancement

A Moment of Opportunity for Clean Energy Advancement

Africa-Press - Kenya. Energy has shaped humanity’s path – from mastering fire, to harnessing steam, to splitting the atom. Today, we’re at the dawn...
Export Controls Emerge as New Front in Trade Conflict

Export Controls Emerge as New Front in Trade Conflict

Africa-Press - Kenya. As global trade tensions rise, export controls have become a powerful new tool in geopolitical rivalry, limiting the movement of critical...
Djibouti Opens Market for Kenyan Miraa, State Announces

Djibouti Opens Market for Kenyan Miraa, State Announces

Africa-Press - Kenya. Kenyan miraa (khat) has been officially cleared for export to the Djibouti market, the Agriculture and Food Authority (AFA) has announced. This...
Kenya Pipeline Company to be Listed on Nairobi Exchange

Kenya Pipeline Company to be Listed on Nairobi Exchange

Africa-Press - Kenya. President William Ruto has announced plans by the government to list Kenya Pipeline Company (KPC) shares at the Nairobi Securities Exchange,...