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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

foreign debt

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Business / Economics

Egypt raises fuel prices as part of IMF-backed reforms

      Egypt announced Thursday a 15-percent increase in petrol prices, part of a reform package requested by the International Monetary Fund to proceed with a $5 billion loan to the cash-strapped government. The Egyptian petroleum ministry said the price hike would come into effect on Friday. The announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after […]

todayJuly 25, 2024 10

Africa

What’s next after Kenya’s deadly protests?

        By Rose TROUP BUCHANAN, Simon VALMARY     After an unprecedented day of chaos and deadly violence, Kenya finds itself plunged into uncertainty on Wednesday, with lawmakers due to vote this week on deeply unpopular tax hikes that have sparked widespread protests. How did East Africa's economic powerhouse get to this point and what happens now? Tuesday's national strike against proposed tax hikes began peacefully, with […]

todayJune 26, 2024 14

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