Kampala — Ramathan Ggoobi, Permanent Secretary and Secretary to the Treasury, has outlined key Ugandan investment pillars and explained why Uganda offers one of the highest returns on investment on the continent. “Our economy is among the fastest-growing in Africa, with stable inflation, a resilient currency, and a young, skilled population. Uganda offers one of…
Abuja — Despite controlling at least 60 per cent of West Africa’s $80 billion oil market, Nigeria’s cost of drilling per barrel is about 40 to 50 per cent higher than its peers, a report by Deloitte, a global firm which provides audit, consulting and financial advisory services across various industries, has said. Besides, the…
Malawi’s headline inflation–the rate at which commodity prices change over time–has risen to 27.3 percent in July 2025, making it the highest in the sub-Saharan Africa region. According to a Market Intelligence Report issued by the Reserve Bank of Malawi (RBM), the sharp increase is largely driven by soaring food prices, which rose by 31.6…
After months of delays and extensions, President Donald Trump’s comprehensive and sweeping tariffs slate took effect Thursday just after midnight ET, shifting his global trade reset into high gear. Most imports into the United States will now face a baseline 10% duty, with the overall average effective tariff rate rising to more than 17% —…
The recorded temperatures were 41.6C (106.8F) and 41.8C (107.2F), as weather agency warns of hotter days ahead. Japan has logged two new heat records in a day with the mercury hitting 41.6 degrees Celsius (106.8 degrees Fahrenheit) and then 41.8C (107.2F), according to the country’s Meteorological Agency, warning that temperatures may rise further. The scorching…
