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,...
Foreign
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...
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...
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