Kenya’s inflation rate has surged to its highest level in five months, driven mainly by soaring food prices. The rising cost of essential commodities such…
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Tag: Economy
Tanzania Expands Gold Reserves Through Domestic Purchases
Tanzania has ramped up efforts to strengthen its gold reserves by implementing a domestic gold purchase programme, a move aimed at enhancing financial security and…
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Kenyan Banks See 12% Profit Growth Despite Lending Decline
Kenyan banks have reported a 12% increase in profits, even as lending to businesses and individuals has declined. The rise in earnings comes amid a…
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Kenya’s Inflation Rises for Fourth Consecutive Month
Kenya’s annual inflation rate has continued its upward trend for the fourth straight month, driven by increasing costs of essential goods and services, particularly food,…
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African Leaders Urge Collective Debt Relief for Economic Stability
African leaders are intensifying calls for a comprehensive debt relief plan to help struggling economies overcome mounting financial pressures. Former Nigerian President Olusegun Obasanjo has…
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