Chinese Yuan strengthens to 7. 1886 against dollar
Beijing, Aug. 24, 2023: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 102 pips to...
Foreign
Debt expenses surpass Kenya’s ordinary revenue flows
Nairobi, Aug. 23, 2023: Kenya's debt repayment costs exceeded revenue from taxes and fees on services in the first month...
Shettima to represent Tinubu at BRICS summit in South Africa
Abuja, Aug. 21, 2023: Vice President, Kashim Shettima, will depart Abuja for Johannesburg, South Africa to represent President Bola Tinubu...
Kenya, Ethiopia revive hopes of Lapsset with talk of new railway
Kenya’s Transport Cabinet Secretary Kipchumba Murkomen and his Ethiopian counterpart Alemu Sime signed a bilateral agreement for a standard gauge...
Stakeholders commit to strengthen financial management of IFAD’s projects
Abuja, Aug. 18, 2023: Stakeholders in agriculture and financial institutions, have pledged commitment to strengthen financial management of the International...
Rwanda raises policy rate to 7.5pc to tame inflation
The National Bank of Rwanda (NBR), the country's central bank, on Thursday raised its policy rate by 50 basis points,...
Kenya-US trade deal a potential model for Africa
The US and Kenya announced a trade and investment partnership in July 2022. Talks have been progressing on the way...
Kenya’s spiralling national debt worrisome
Kenya borrowed the largest amount of money in a single year during President William Ruto’s first year in office, pushing...
BRICS to stop reliance on Dollars, develops new payment system
Russian diplomat Roman Babushkin confirmed that BRICS is developing a new payment system to end reliance on the U.S. dollar....
Myanmar central bank revokes licenses of 13 forex companies
Yangon, Aug. 15, 2023: The Central Bank of Myanmar (CBM) has announced the revocation of licenses from 13 foreign currency...
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