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Business - Page 48

Digital Trade Rules Raise Concerns in Africa

African countries are increasingly expressing concern that emerging global rules on digital trade could restrict their ability to shape the future of their economies, as negotiations continue within the World Trade Organization (WTO). At the center of the debate is the long-standing
March 26, 2026

Kenyan central bank buys dollar to curb volatility

Kenya’s central bank bought dollars on the foreign exchange market on Thursday to curb volatility, traders said, as the shilling rocketed to its strongest level since June 2023. The central bank says it only intervenes to smooth out volatility when the shilling
February 16, 2024

Nigerian ex-Prez Buhari’s signature forged to withdraw $6m

Nigeria is seeking Interpol’s help to arrest three suspects who allegedly stole $6.2m from the central bank, using the forged signature of then President Muhammadu Buhari. Authorities believe that the suspects conspired with Nigeria’s former central bank chief Godwin Emefiele. He is
February 16, 2024

Govt advised to expand scope of tax collection

The Parliamentary Budget Committee, led by Chairman Mr. Daniel Sillo, has advised the government to broaden the scope of tax collection and ensure effective utilization of tax systems to secure adequate funds for the implementation of crucial development projects. Despite achieving revenue
February 16, 2024

Dar, Oslo sign deal to transform agriculture sector

Tanzania and Norway have signed a bilateral Memorandum of Understanding (MoU) on food security and agriculture, demonstrating their joint commitment to strengthening Tanzania’s capacity and ability to transform the agri-food sector. The deal was signed in the presence of President Samia Suluhu
February 15, 2024
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