In a promising move towards strengthening international relations, President Alexander Lukashenko of Belarus has expressed a strong interest in partnering with Nigeria across key economic sectors. This announcement was made during a visit from Nigeria’s First Lady, Oluremi Tinubu, in the Belarusian capital, Minsk. Building Stronger Ties President Lukashenko highlighted specific areas where Belarus is […]
Kenya is gearing up for a significant leap in healthcare accessibility as President William Ruto has confirmed the full rollout of the Social Health Insurance Fund (SHIF) under the Universal Health Coverage (UHC) programme, starting October 1, 2024. This move aims to ensure every Kenyan can access healthcare without financial barriers, following initial delays that […]
Japan’s Nikkei 225 index surged past the historic 42,000 mark for the first time, driven by a 0.97% gain powered by strong performances in technology stocks. This milestone coincided with a broader rally across Asia-Pacific markets, buoyed by optimism about potential Federal Reserve rate cuts. The Nikkei’s record-breaking rise highlighted positive economic signs, including a […]
Egypt’s government is forecasting a significant drop in petroleum exports, predicting they will fall to $7.95 billion for the fiscal year 2024-2025, down from $10.22 billion in the previous year. Economic Challenges Ahead This expected decline in petroleum exports comes amid broader economic challenges for Egypt. The central bank recently reported a shift in the […]
President William Ruto of Kenya is facing tough times following the rejection of a crucial finance bill aimed at tackling the country’s massive $80 billion debt. Deadly protests, driven by public frustration over proposed tax changes, led to the bill’s downfall, prompting President Ruto to issue stark warnings about its implications for the future. With […]
China’s post-COVID economic recovery hit another roadblock in June, as consumer inflation figures came in lower than expected. The consumer price index (CPI) for June increased by just 0.2% year-on-year, down from May’s 0.3% rise and below the 0.4% predicted by a Reuters poll. This marks the slowest inflation growth in three months, highlighting ongoing […]
Qatar Chamber warmly welcomed a delegation from Burundi led by Victor Ndabaniwe, Chief of the Teacher’s Housing Foundation, and His Excellency Isidore Ntirampeba, Ambassador of Burundi to Qatar. The meeting, chaired by Qatar Chamber’s first vice-chairman, Mohamed bin Towar al-Kuwari, aimed to strengthen economic cooperation between the two nations. Exploring New Investment Avenues The discussions […]
Kenya has raised the bond fee for fuel imports destined for Uganda, doubling it from $15 million to $45 million at the Vitol Tank Terminal International (VTTI) in Mombasa. This move, aimed at securing tax revenue in case imported fuel meant for transit is diverted to local markets, poses a significant challenge to Uganda’s efforts […]
The Federal Reserve has expressed cautious optimism about achieving its 2% inflation target, according to the latest policy minutes. While inflation remains elevated, recent months have shown modest progress towards this goal. Economic Adjustments and Strategy The Fed emphasized a flexible, data-driven approach to monetary policy. Instead of following a fixed path, the Committee will […]
Galiche Buwa, a 75-year-old widow, has survived civil wars, famine, and natural disasters. Her grocery business has been her lifeline through these turbulent times. However, the recent rupture of a key pipeline in Sudan has put even this staple of stability at risk, shaking the foundations of South Sudan’s economy. The pipeline, crucial for transporting […]
Kenya has enacted sweeping cybercrime legislation that imposes penalties of up to Sh20 million ($155,000) in fines or ten years...
Amazon Web Services (AWS) experienced a massive cloud infrastructure failure on Monday that cascaded across the globe, disrupting thousands of...
South Africa's luxury retail sector is poised for exceptional growth, with projections indicating a remarkable 15% expansion by 2025, positioning...
In a significant development for East Africa's telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure...
