economy

economy

Global Interest-Rate Spree Signals First US Cut of 2025

Global Interest-Rate Spree Signals First US Cut of 2025

Africa-Press - Kenya. The first US interest rate cut since Donald Trump became president again is likely to seize the spotlight in a week...
Crypto Market Awaits Fed’S Rate Cut Decision

Crypto Market Awaits Fed’S Rate Cut Decision

Africa-Press - Kenya. The cryptocurrency market is awaiting a possible interest rate cut by the US Federal Reserve on Wednesday during the bank’s Federal...
EPRA Announces Slight Fuel Price Reduction

EPRA Announces Slight Fuel Price Reduction

Africa-Press - Kenya. The Energy and Petroleum Regulatory Authority (EPRA) has announced a decrease in fuel prices in the latest review. In the latest review...
BRICS Grain Producers Lose $2.5B Yearly to Manipulation

BRICS Grain Producers Lose $2.5B Yearly to Manipulation

Africa-Press - Kenya. Grain producers across BRICS nations are losing an estimated $2.5 billion annually due to market concentration and price manipulation by global...
Sub-Saharan Africa's Economies Face High Finance Costs

Sub-Saharan Africa’s Economies Face High Finance Costs

Africa-Press - Kenya. Borrowing costs for governments and businesses in South Africa, Nigeria and Kenya have risen in the last five years due to...
African Nations Seek $69 Billion From IMF for Support

African Nations Seek $69 Billion From IMF for Support

Africa-Press - Kenya. Demand from African nations for financing from the International Monetary Fund is expected to remain high, as debt burdens mount and...
Billionaire Pledges US$720M to Bridge Africa’S AI Gap

Billionaire Pledges US$720M to Bridge Africa’S AI Gap

Africa-Press - Kenya. Zimbabwean telecoms mogul Strive Masiyiwa has committed $720 million to establishing Africa’s first network of artificial intelligence factories, aiming to address...
Saudi Arabia's Vision Invest Invests $700 Million in Africa

Saudi Arabia’s Vision Invest Invests $700 Million in Africa

Africa-Press - Kenya. Saudi-based Vision Invest has invested $700 million in pan-African industrial developer ARISE Integrated Industrial Platforms (ARISE IIP), the company announced on...
Afdb Flags Project Execution Gaps as Africa’S Growth Hurdle

Afdb Flags Project Execution Gaps as Africa’S Growth Hurdle

Africa-Press - Kenya. The African Development Bank (AfDB) has cautioned that Africa’s economic growth will remain constrained unless governments and institutions improve the design...
AI in Africa to Reach $16.5B by 2030 Mastercard’S Role

AI in Africa to Reach $16.5B by 2030 Mastercard’S Role

Africa-Press - Kenya. Mastercard has released its latest whitepaper, Harnessing the transformative power of AI in Africa, a pan-African study of the continent’s readiness,...