Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to 2...
Foreign
Kenya pips Tanzania in the top 10 avocado producers
Avocados have in a recent past become one of Tanzania’s hottest exports with more farmers engaging in what has been...
Uganda proposes to scrap tax on adult diapers, animal feeds
Apart from adult diapers and supply of animal feeds, government is also proposing tax exemptions on premixes, concentrates and seed...
World Bank lowers Sub Saharan Africa economic growth to 3.1%
The World Bank said in Washington DC that uncertainty in the global economy (inform of slowdown), the underperformance of the...
IMF directs Rwanda to raise interest rates
The International Monetary Fund (IMF) has directed Rwanda’s National Bank (NBR) to raise interest rates to contain the surging inflationary...
NCBA pumps $41.89m into Rwanda, Uganda, Tanzania
Financial services firm NCBA Group Plc has pumped KSh5.6 billion ($41.89 million) of additional capital into its operations in Rwanda,...
China’s farm produce imports, export up in first 2 months
China’s foreign trade of agricultural products registered stable growth in the first two months of this year, official data shows....
Adesina, AfDP President in Egypt ahead of May meeting
The President of the Arab Republic of Egypt Abdel Fattah El-Sisi has commended the work of the African Development Bank...
Chinese Yuan weakens to 6.8747 against dollar
The central parity rate of the Chinese currency Renminbi, or the Yuan, weakened 48 pips to 6.8747 against the dollar...
China’s business posts strong rebound
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal...
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