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...
Foreign
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...
UN gets $3.59bn budget for 2024
New York, Dec. 25, 2023: The General Assembly has approved a US$3.59 billion budget for the United Nations for 2024,...
U.S-based money transfer company seeks patronage from Nigerians
New York, Dec. 24, 2023: Remitly, a U.S.-based money transfer company has solicited the patronage of Nigerians living U.S. to...
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