Importers face delays, higher costs on Red Sea woes
Kenyan logistics and shipping companies are facing up to double freight costs, higher premiums and delays following the attacks at...
Foreign
U.S.-Africa Trade Council transforms to commission
Lagos, Jan. 9, 2024: The U.S.-Africa Trade Council has announced its official transition to the U.S.-Africa Trade Commission, reflecting its...
US kicks Uganda out of AGOA
The United States has officially struck off Uganda and three other African countries as beneficiaries of the African Growth and...
As Kenya’s diaspora inflows rise; state promotes stocks, bonds
Nairobi, Jan 7, 2024: Kenya’s diaspora remittances have continued to grow this year, with projections indicating a new high by...
Africa’s growth to increase in 2024, says UN report
New York, Jan. 5, 2024: Africa’s growth rate is projected to slightly increase from 3.3 per cent in 2023 to...
UN forecasts 2.4 % global growth slowdown in 2024
New York, Jan. 5, 2024: The UN’s World Economic Situation and Prospects (WESP) report for 2024 projects slowdown in global...
Switzerland removes customs duties on certain imports to cut prices
Geneva, Jan. 3, 2024: Switzerland said that it has abolished customs duties on imported industrial goods in order to reduce...
IMF relieves EA’s indebted states with $1.9b financing deals
The International Monetary Fund (IMF) board has approved the payment of $620.65 million in budgetary support for Rwanda, Tanzania and...
EAC external trade grows as member states imposes more barriers
Abuja, Dec. 27, 2023: East African Community member states are trading more with countries outside the bloc owing to persistent...
Ethiopia becomes third African state to default on sovereign debt
Abuja, Dec. 27, 2023: Ethiopia became Africa's third default in as many years on Tuesday after it failed to make...
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