Cash crop producers in Upper Nile’s Renk County claim Sudan’s political conflict has harmed the region’s market for gum Arabic. Initially, the dealers sold their Gum Arabic mostly to Sudanese businesses and individuals. They claim, in a publication by Eye […]
The new Bank of South Sudan governor announced that the Central Bank will now auction 5 million dollars to forex bureaus and 8 million for commercial banks, respectively. Moses Makur Deng says the move is to stabilize the market and […]
Despite the popularity of cheque payments in Kenya, Uganda lowers bank cheque limits to boost e-transactions. Cheque payments are still popular in a few African nations, such as Kenya, where payments made by check climbed 8.2 percent in the first […]
The Troika (the United States, the United Kingdom, and Norway) has urged governments and significant economic institutions throughout the globe to continue executing economic recovery programs in order to restore trust with partners. According to Western nations, a sound economic […]
Kenyatta argues that Kenya’s relationship with China is a win-win situation for economic development. Kenya’s relationship with China, according to President Uhuru Kenyatta, is now a partnership of friends working together to achieve economic progress. Speaking after viewing the newly […]
President Salva Kiir Mayardit has asked the new governor of the central bank, Moses Makur Deng, to lower the exchange rate against hard currency even more in order to assist reduce inflation. Mr. Deng took over as Governor of the […]
Integrated Payment Services Limited (IPSL) is the Kenya Bankers Association’s (KBA) real-time payment services company. Recently, IPSL launched a modernized real-time payment system based on ISO 20022. The new real-time payment system, delivered by TietoEVRY, put Kenya as one of […]
According to the Kenya Association of Manufacturers, excessive taxes in Kenya is forcing businesses to obtain cheaper items from neighboring nations. This comes mostly from Tanzania, Uganda, and Ethiopia, where inhabitants near borders choose to purchase and consume excisable items […]
According to the latest preliminary report from the United Nations Food and Agriculture Organization (FAO), heavy floods in South Sudan have destroyed an estimated 37,624 tons of cereals. The report indicates that 65,107 hectares of land have been submerged since May. […]
Kenya will issue two Eurobonds by June next year to cover East Africa’s largest economy’s 2021/22 (July-June) budget and repay another sovereign bond expiring in 2024, according to Finance Minister Ukur Yatani. Yatani said in a late-Wednesday statement to the […]
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