The East African Community (EAC) is grappling with a severe financial crisis, with member states failing to remit over $62 million in contributions for the 2024/25 financial year. The bloc, which comprises Burundi, the Democratic Republic of Congo, Rwanda, South Sudan, Somalia, Tanzania, Uganda, and Kenya, has seen its programs delayed, while salaries for staff […]
African countries have faced a myriad of challenges in 2023, not the least of which was currency devaluation, with Nigeria’s Naira and Kenyan Shilling experiencing their largest drop in value against the greenback in 24 and 30 years respectively. While Nigeria and Kenya recorded significant growth across numerous industries, there were still instances of socio-economic […]
Morocco’s OCP group has announced that it would continue supplying fertilizers to US farmers despite the US decision to impose duties on phosphate fertilizer imports from Morocco. The US International Trade Commission (ITC) earlier this week rendered a decision that will result in the application of a 19.97% countervailing duty on phosphate fertilizer imports from […]
