East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]
Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, having faced an array of challenges, from persistent trade imbalances, dwindling foreign reserves, to political instability. Some African nations strengthened their currencies, while others faced worsening exchange rates in 2024. […]
Mohamad El-Gharawi, a staff member of the Egyptian embassy in Khartoum was killed in the ongoing conflict between the Sudanese army and the paramilitary Rapid Support Forces, the Egyptian Foreign ministry announced this Monday. Gharawi was slain on the way from his residence to the embassy headquarters to follow up on evacuation procedures for Egyptians […]
