Kenya is currently grappling with its most severe drought in four decades, leaving millions of people without adequate food and water. The drought, exacerbated by climate change, has had devastating effects on the country’s agriculture and livestock, which are vital for the livelihoods of many Kenyans. According to the United Nations, more than 1.5 million […]
According to a report published by Ernst & Young’s Global Islamic Banker of Excellence, global demand for Islamic bonds could triple to $900bn by 2017. This expected rise is partly driven by the fact that conventional investors look to securities backed by tangible assets. South East Asian economies, especially Malaysia is pushing to play the […]
The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]
