Uganda’s forex reserves fell by 12% due to debt payments, raising concerns about economic stability. The Bank of Uganda warns of fragile balance of payments.
Economy
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Tesco, Woolworths, and Shoprite join forces to propel retail innovation with a $125 million venture capital fund, focusing on technology-driven consumer experiences and sustainability solutions in the grocery sector.”
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Nigeria’s Central Bank (CBN) announced a new policy on April 8th, 2024, restricting the use of foreign currency-denominated collateral for naira loans. This move is intended to safeguard the banking…
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During his visit to Ghana, Italian President Mattarella commits to bolstering economic and cultural ties, heralding a promising future for collaboration between Italy and Ghana.
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In a bid to tame its economic woes, Zimbabwe has unveiled a brand new gold-backed currency – the Zimbabwe Gold (ZiG). This audacious move signifies the nation’s determination to stabilize…
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Nosiviwe Mapisa-Nqakula resigns as South Africa’s National Assembly speaker amidst corruption investigations relating to her tenure as defense minister.
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Nigeria’s €48M NESP investment propels the nation toward a green future.
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President William Ruto reveals a 12% reduction in Kenya’s 2024/25 budget, aiming for fiscal sustainability and a balanced budget within the next three years.
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A damning report released by the UN’s Joint Human Rights Office paints a disturbing picture of the Democratic Republic of Congo’s (DRC) prison system. More than 100 inmates have died…
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Nigeria’s Dangote oil refinery starts local petroleum product distribution, signaling a major leap towards the country’s goal of achieving energy independence.