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...
Foreign
Kenya reinstates small fuel subsidy in government U-turn
Nairobi, Aug. 15, 2023: Kenya’s energy regulator announced that the country had reinstated a small subsidy to stabilise retail fuel...
Kenya retreats from domestic borrowing to cool interest rates
The Central Bank of Kenya (CBK) has revealed that the Treasury has cut the net domestic borrowing target from Ksh586.5...
Staff shortage in public service worries German’s trade unions
Berlin, Aug. 14, 2023: Several German trade unions have warned of massive problems due to a looming shortage of staff...
OPEC reports decrease in Dollar index by 1.6%
Abuja, Aug. 12, 2023: The Organisation of the Petroleum Exporting Countries (OPEC) has said the U.S. dollar index decreased by...
World Bank extends $2.5m to boost SMEs in Kenya
Nairobi, Aug. 11, 2023: The World Bank is providing more than 359 million Kenyan shillings (2.5 million U.S. dollars) to...
China’s central bank conducts 2bln Yuan reverse repos
Beijing, Aug. 10, 2023: China’s Central Bank conducted two billion Yuan (279.4 million U.S. dollars) of seven-day reverse repos at...
Chinese SMEs continue recovery momentum July
Beijing, Aug. 10, 2023: China’s Small and Medium-sized Enterprises (SMEs) continued their recovery momentum in July amid strengthening policy support...
China to raise gasoline, diesel retail prices
Beijing Aug. 10, 2023: China says it will raise retail prices of gasoline and diesel on Thursday, following the recent...
Slower economic growth hits West Africa – AfDB
Abuja, Aug. 10, 2023: West Africa experienced slower economic growth in 2023, except for Cape Verde, The Gambia, Guinea, Mali,...
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