The UK Economy Slumped more than Initially Estimated.
According to the Office for National Statistics (ONS), business investment performed worse than anticipated, causing the economy to contract by…
Day: December 23, 2022
Yen is in Demand as Dollar Declines and Risk Sentiment Increases.
Due to the risk-on environment, the U.S. Dollar declined, but the Japanese yen was still in demand following the Bank…
Kenya: Major Income Losses Affect 50% of Border Populations.
The ability of more than half of those residing near the Kenyan border and in other African countries to meet…
Kenya’s Producer Inflation Hits Highest Points Since 2019.
The Producer Price Index (PPI), which measures the cost of manufacturing, reached 16.53 percent in June before falling to 15.…
Tesla to Freeze Hiring and Lay Off Employees First Quarter of 2023.
There will be further layoffs at electric vehicle manufacturer Tesla Inc (TSLA.O) in the upcoming quarter. According to the article,…
Tanzania: NBC Bond Trades at DSE Following a Successful Sale.
The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar es…
Ghana’s Economy Grows Slowly in the Third Quarter.
According to preliminary data from the Ghana Statistical Service (GSS), the economy grew 2. 9% less slowly between July and…
Kenya Campaigns for an Import Ban on Radioactive Waste.
In accordance with a continental agreement to prevent Africa’s borders from becoming a dumping ground for foreign manufacturers, the Kenyan…
Kenya: Treasury Announces a New Plan for Sh110 billion in Syndicated Loans.
According to an International Monetary Fund (IMF) report, Kenya will take out syndicated loans totalling Sh110. 7 billion by the…