Kenya private sector activity picks up in November compared to October, PMI shows
The finance ministry forecasts the economy will grow 5.2 per cent in 2024 and 5.4 per cent in 2025. The economy grew 5.6 per cent in 2023.
Findings: Merck pharmaceutical’s popular asthma drug causes serious mental health issues in children and adults
The FDA also could review all available information to determine whether the risk outweighs the therapeutic benefit in kids and, if not, issue a contraindication warning that the drug shouldn’t be used in children under 18.
Biden arrives in Angola to highlight US investments in southern Africa, visit slavery museum
The US has for years built relations in Africa through trade, security and humanitarian aid. The 800-mile (1,300-kilometre) railway upgrade is a different move and has shades of China’s Belt and Road foreign infrastructure strategy in Africa and other parts of the world.
Iraq, deemed economic lung of Iran, targets high fuel oil exports this year via smuggling
In January 2023, a few months after Sudani took over, the price was lowered to $100-$150 a ton, far below the market price for exports, estimated at anywhere between $300 and $500. The lower the price of the subsidised fuel, the higher the profit margin when exporting it on the international market.
Iran and its proxies reel under US sanctions as oil smuggling network rakes in $1 billion
Iran views its neighbour and ally Iraq as an economic lung and wields considerable military, political and economic influence there through the powerful Shi’ite militias and political parties it backs. It also sources hard currency from Iraq through exports and avoids US sanctions via its banking system, Iraqi and US officials say.
Trump’s low oil price promise spells a risk and a boon for emerging markets
Following the oil price crashes of recent years, Saudi Arabia, along with other Gulf nations, such as the United Arab Emirates, has sought to diversify its economy and nurture local debt markets.
Yuck to profits: Zimbabwe resorts to maggot farming to survive drought, thrive
In Uganda, the maggots helped plug a fertiliser crisis caused by the war in Ukraine. In Nigeria and Kenya, they are becoming a commercial success.
GBV: Japanese aid agency teams up with Nairobi government to pitch for women’s rights in Kenya
As Kenya confronts the challenges posed by gender-based violence (GBV), 11 Kenyan entrepreneurs have stepped up efforts to prevent GBV and support survivors of with solutions tailored to change their social and economic circumstances. Culminating weeks of mentorship, under this business plan contest, these changemakers will showcase their initiatives at...
Mexico ready to retaliate if Trump imposes trade tariffs, warns the move would shed 400,000 US jobs
In after-hours trading on Wednesday, Mexico’s peso strengthened by as much as nearly 1 per cent against the dollar, reversing losses logged in previous days. Many analysts regard Trump’s tariff threats as more of a negotiating tactic than trade policy.
Mali’s military government arrests workers of a Canadian mining firm over unpaid taxes
Authorities in Mali have arrested four senior employees of a Canadian mining company as the military regime in the West African nation continues to detain workers to pressure companies in its crucial mining sector to pay millions in additional taxes. Barrick Gold in a statement on Tuesday confirmed that four...
