Investments

According to the OECD, the downward adjustment from its previous forecast is due to “higher trade barriers in several G20 economies and increased geopolitical and policy uncertainty weighing on investment and household spending.” In its previous Economic Outlook published in December 2024, the OECD projected that global GDP growth would be 3.3 percent in both…

NAIROBI, Kenya, Mar 16  – Premier Bank CEO Osman Dualle has lauded the Kenyan Parliament for its role in shaping the nation’s economic future while advocating for ethical banking and innovative wealth management solutions. Speaking during a Parliamentary Iftar dinner hosted at the Parliament Buildings for the first time, Dualle emphasized the need for enhanced…

MAR 15 – The US has averted a government shutdown after the Senate passed a Republican-led measure to keep the government funded for the next six months. The stopgap funding bill passed in the Senate 54-46, as two Democrats joined all but one Republican senator in voting yes. President Donald Trump must now sign it…

MAR 14 – Elon Musk’s electric carmaker Tesla has warned it and other US exporters could be harmed by countries retaliating to Donald Trump’s trade tariffs. Mr Musk is a close ally of the US president and is leading efforts to reduce the size of the federal government. But in an unsigned letter addressed to…

NAIROBI, Kenya, Mar 13 – IWG, a global provider of flexible workspace solutions, has partnered with Karsan Ramji (Ndovu Cement) to launch its first co-working space on Mombasa Road at the prestigious Purple Tower. The collaboration initiates IWG’s presence in Kenya, catering to the growing demand for modern and flexible workspaces. The new facility at…

MAR 12 – The US Department of Education is planning to cut about half of its workforce, as the Trump administration works to slash the size of the federal government. The mass layoffs will affect nearly 2,100 people who are set to be placed on leave from 21 March. Trump has long sought to eliminate…

MAR 11 – An Albanian national who travelled to the UK illegally has told the BBC how his life became “unbearable” after he ended up working on a cannabis farm. Gzim, who wished to remain anonymous, was one of more than 12,600 Albanians who made the trip to the UK by small boat in 2022…

NAIROBI, Kenya, Mar 10 – Two petitioners have urged the Judiciary to deem the Kenya National Public Health Institute (KNPHI) unconstitutional, arguing that it was illegally established and operated. In a petition tabled by the Kisii High Court, the two, Marage Gikenyi and Eliud Karanja, noted that the national government operating the institution is unconstitutional…

MAR 9 – The former Bank of England boss, Mark Carney, is seen as the most likely successor to Justin Trudeau as the leader of Canada’s Liberal Party. Does he have what it takes to be the face Canada’s ongoing battle against President Trump’s tariffs? Mark Carney was the first non-British person to become governor…