Economy

Ukrainian Foreign Minister Calls for Tougher Sanctions on Russia

(Kyiv) - Ukrainian Foreign Minister Andrii Sybiha has reiterated the need for stronger sanctions to pressure Russia over its ongoing…

Global Voters React to Cost of Living Squeeze

(Nairobi) – Despite declining inflation rates globally in 2024, voter dissatisfaction with the high cost of living significantly impacted election…

Tanzania Revenue Authority Targets Record Tax Collection of TZS 15.27 Trillion by June 2025

(Dar es Salaam) – The Tanzania Revenue Authority (TRA) has set an ambitious target to collect TZS 15.27 trillion ($6.1…

While the public awaits the President’s decision, Kasaija’s comments suggest the central bank will remain in capable hands, with existing laws providing clear guidance on leadership succession. The Bank of Uganda’s leadership structure allows for continuity and stability, as the deputy governor can assume full responsibilities when needed.

Bank of Uganda Secure Despite Lack of Governor for Nearly 3 Years

(Kampala) – Uganda’s Finance Minister Matia Kasaija has reassured the public that the Bank of Uganda remains stable despite the…

Kenya’s exports to other African countries rose by 26% in 2024, reaching $1.93 billion, driven by increased demand for tea and jet fuel, along with stronger bilateral relations with key African markets.

Kenya’s Exports to Africa Increase by Over 26% in 2024

(Kenya) – Kenya’s exports to other African countries grew by 26% in the first seven months of 2024, reaching $1.93…

Iran’s currency, the rial, dropped to record lows following Donald Trump’s recent election win, as fears of renewed U.S. sanctions fuel economic concerns in Tehran.

Iran’s Currency Falls to Record Lows After Trump Election Win

(Tehran) – Iran’s currency, the rial, fell sharply on November 6, reaching a record low against the U.S. dollar as…