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 […]
The unconditional humanitarian truce in Benghazi negotiated by the United Nations Support Mission in Libya (UNSMIL) between the Islamists and the forces of General Khalifa Hiftar aligned with forces loyal to the Tobruk government has come to an end. It was valid for a period of 12hours and started at 7a.m local time on 19 […]
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 […]
