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World - Page 358

Brics Reshapes Global Economy Beyond Dollar

For nearly eight decades, the United States dollar has stood at the center of global finance, dominating international trade, energy markets and central bank reserves. But a new financial contest is emerging as BRICS nations push to build alternative systems that could
July 25, 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

Tanzania Re-elected as AU’s Security Council member

Tanzania has been re-elected as a member of the African Union Peace and Security Council (AUPSC) for a two-year term, effective immediately. Apart from Tanzania, nine other countries were elected to the Council earlier this week: DR Congo, Equatorial Guinea, Uganda, Egypt,
February 16, 2024
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