In economic systems, microeconomics serves as the magnifying glass, honing in on the individual cogs that drive the larger machinery of our financial world. As we embark on this journey through the realms of microeconomics, our goal is to unravel the mysteries surrounding individual decision-making, production, and resource allocation. Let’s start by peeling back the … Read more
Today, I want to chat about some economic stuff that’s not just in textbooks but in our everyday choices. So, let’s ditch the jargon and get real about supply and demand, scarcity, opportunity cost, and trade-offs – the unsung heroes of decision-making. 1. Supply and Demand Ever been to a farmers’ market on a sunny … Read more
Inflation is an economic concept that describes the sustained increase in the general price level of goods and services in an economy over time. This results in a decrease in the purchasing power of a currency, as each unit of money buys fewer goods and services. Several factors contribute to inflation, and its effects can … Read more
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre (KIFC) have reaffirmed their commitment to collaborative efforts for the development of their respective financial sectors. The renewal of the Memorandum of Understanding (MoU), initially signed in 2021, solidifies the strategic partnership’s objectives, including global promotion of QFC and KIFC, capacity building, skills development, … Read more
An early assessment of oil prices on Friday, October 6, indicated Brent crude at $84.21 per barrel around 6:17 AM (GMT+1). Despite a slight increase on Friday, Reuters reports that oil prices are on track for their most significant weekly drop since March. The surge in prices was accompanied by concerns stemming from a sell-off … Read more
Fostering International Investment: President Ruto’s Delegation Heads to the US Kenya’s President, William Ruto, is set to lead a high-profile delegation to the United States for the second US-Kenya Business Roadshow. The delegation, which includes the US Ambassador to Kenya, Meg Whitman, is focused on attracting venture capital (VC) investment into Kenya’s burgeoning tech industry. … Read more
Ghana’s inflation rate for August 2023 has dipped to 40.1%, down from the 43.1% recorded in July of the same year. This significant decrease indicates that, compared to August 2022, the general price level was 40.1% higher. Let’s dive into the details. Food Inflation Shows Improvement Among the noteworthy changes, food inflation also exhibited a … Read more
The Central Bank of Kenya (CBK) recently conducted its weekly treasury bills auction, revealing a notable surge in investor interest. The auction, which had initially offered KSh 24 billion worth of treasury bills, attracted bids amounting to KSh 38.8 billion—an impressive oversubscription rate of 161.8%. This article delves into the details of this auction, highlighting … Read more
In a strategic move to tap into the growing demand for lithium, Ghana’s Sovereign Wealth Fund, known as the Minerals Income Investment Fund (MIIF), has announced a substantial investment of nearly $33 million in a local lithium mining project. The investment not only includes a minority stake in the project developer, Atlantic Lithium, but also … Read more
In a significant move aimed at strengthening the nation’s stance against money laundering and terrorism financing, President William Ruto of Kenya has signed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2023 into law. This pivotal legislative development is poised to address longstanding deficiencies in the country’s efforts to combat financial crimes. … Read more