Yuan strengthens to 7. 2046 against dollar
Beijing, July 5, 2023: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 111 pips to...
Foreign
Angola’s Growing Natural Gas Industry with a Ready-Made Market
Johannesburg, July 3, 2023: From exploration to production and export, the Angolan oil and natural gas industry is bustling with...
Kenya households, investors at crossroads over Treasury, CBK policy
Investors and households in Kenya are caught up in a divergence of policies between the National Treasury and the central...
Port deal exposes Dar inefficiencies as Dubai takes over ports
In Tanzania, the deal has brought to the fore the inefficiencies at the port of Dar – which the government...
East Africa braces for pain at the pump as Riyadh cuts production
East African economies are staring at a fresh spike in fuel prices as Saudi Arabia opts to cut supply by...
AfDB, African Securities collaborate to expand linked African exchanges
Abuja, July 1, 2023:The African Securities Exchanges Association (ASEA) and the African Development Bank (AfDB) Group are collaborating to expand...
Italy contributes €5.5m to AfDB’s youth trust fund
Abuja, July 1, 2023:The African Development Bank (AfDB) has welcomed a contribution of 5.5 million euros from Italy for its...
IMF releases $203m to boost dwindling forex reserves of DRC
The Democratic Republic of Congo has received a $203.3 million loan from the International Monetary Fund (IMF) to boost the...
Kenyans brace for tough July as President Ruto signs tax bill into law
Nairobi, June 27, 2023: Kenyan President William Ruto on Monday signed into law a Bill that raises taxes on a...
UN lists 60m Africans in humanitarian need
New York, June 27, 2023: UN humanitarian agencies on Monday said that no fewer than 60 million people in the...
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