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Kenya shilling weakens to record low against U.S. dollar

Kenya’s shilling slid to a record low against the dollar, widening its fall since the start of the year to 5.7 percent, as greenback...

Oil prices stabilize after drop to near 6-month low

Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline...

Africa defies global trend with funding for startups surging

  As funding for startups falls across the globe, Africa is standing out as a notable exception, with its under-served population outweighing the impact of...

Gates-backed think tank seeks $50 billion for Africa debt plan

A Bill & Melinda Gates Foundation-backed think tank is seeking 50 billion U.S. dollars in backing to help African nations with distressed debt to...

First ship carrying Ukrainian grain leaves Odesa port

The first ship carrying Ukrainian grain has set off from the port of Odesa, Turkey’s Defence Ministry said on Monday. The Sierra Leone-flagged cargo ship,...

Inflation hits record 8.9% in euro area, but economy grows

Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled by Russia’s military operation in...

Nigeria’s 180,000 barrel-per-day oil pipeline stops flowing due to theft

Nigeria’s economy received a further blow recently as an oil pipeline with the capacity to move 180,000 barrels of crude daily across Nigeria was...

Botswana’s economic output back to pre-pandemic level, IMF says

Botswana is one of the few economies in Sub-Saharan Africa whose output has recovered to its level before the COVID-19 pandemic took hold, the...

Even tech giants finding it hard to escape global economic slowdown

  Growth is sputtering across the technology world, and even usually invincible companies like Apple Inc. and Amazon.com Inc. can’t escape the slowdown. With many of...

Russia, Ukraine sign deals on resuming grain exports

Russia and Ukraine signed separate agreements Friday with Türkiye and the United Nations clearing the way for exporting millions of tons of desperately needed Ukrainian...