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EAC nations to bolster their economies with bigger budgets for 2023/2024
East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]
Egypt: Militant attack kills nine family members
Unknown militants raided a house in the city of Arish Wednesday, killing nine family members including a three-year old child and severely wounding one person, Sinai governor, Abdel Fatah Harhor, said. “A group of masked men raided a house nearby Arish police station and planted a bomb in the house’s car parking. The bomb exploded […]
Tunisia’s constitutional crisis escalates political event risk, dims economic reform prospects – Moody’s
“The absence of a constitutional court in Tunisia increases the risk of a prolonged political crisis, Moody’s Investors Service deemed in an issuer comment at the end of July, reports TAP news agency. This will further slow reform implementation upon which hinge disbursements under the umbrella of an envisioned new IMF loan agreement, according to […]



