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Uganda’s annual headline inflation up to 2.6% in November

Uganda's annual headline inflation rate for the year ending November 2021 increased to 2.6 percent from 1.9 percent in October. Uganda Bureau of Statistics (UBOS)...

Moderna CEO warns COVID-19 shots less effective against Omicron, spooks markets

Drugmaker Moderna's CEO set off fresh alarm bells in financial markets on Tuesday after he warned that COVID-19 vaccines were unlikely to be as...

Kenya’s central bank holds benchmark interest rate at seven percent

The Central of Bank of Kenya (CBK) on Monday announced it will maintain its benchmark lending rate at seven percent. In a statement, the CBK's...

Nigeria lifts flight ban on UAE airline

Nigeria announced Saturday the lifting of a flight ban on the United Arab Emirates (UAE) Emirates Airlines. According to a statement by the Nigerian Aviation...

Morocco to suspend flights with France because of COVID-19 fears

Starting Friday, Morocco is suspending all flights to and from France because of COVID-19 concerns, the state news agency said on Thursday. Morocco has imposed...

Belt and Road Initiative transforming Kenya’s development space

The Belt and Road Initiative (BRI), proposed by China eight years ago, is transforming Kenya's development space in a profound way, said a report...

Kenya’s Q3 tourist arrivals surge as sector recovers

Kenya's international tourist arrivals through its two major airports surged 489 percent in the 3rd quarter compared to the same period of 2020, with...

Kenya’s forex reserves decline as shilling hits new low

Kenya's foreign exchange reserves fell 222 million U.S. dollars (25 billion shillings) this week as the Central Bank released dollars into the market to...

Apple to sell spare parts to consumers to repair iPhones, Macs

Apple Inc on Wednesday said it will for the first time start selling spare parts and tools to the general public to perform their own...

Kenya’s exports grow amid eased COVID-19 restrictions in destination markets

Kenya recorded a 15.6 percent increase in total exports for January-August period to 490 billion shillings (about 4.37 billion U.S. dollars) from some 3.78...
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