Business / Economics International relations ministry hit by exchange rate pressures, budget strains By: Hertha Ekandjo The Ministry of International Relations and Trade faced a series of financial challenges during the 2024/2025 fiscal year, largely driven by exchange rate fluctuations that affected the majority of its operational budget. According to minister, Selma Ashipala-Musavyi, who presented the ministry’s budget speech in Parliament last week, approximately 80% of the ministry’s operational budget was impacted by volatile currency movements. These fluctuations, she said pose a […] today7 May, 2025
