Global Cereal Prices are Unlikely to Decline in 2023-IMF
Global cereal prices are unlikely to drop in the next six to 12 months, according to a projection by the International Monetary Fund. According to the fund, this will not [...]
UK Inflation Eases to 10.7% in November 2022
The annual inflation rate in the UK eased to 10.7% in November of 2022 from 11.1% in October which was the highest since October 1981. The UK Figures came below [...]US Pledges $55 Billion to Africa over the Next 3 Years
The United States (US) has pledged $55 billion in economic, health and security support for Africa over the next three years, ahead of the US-Africa Leaders summit. Beginning on Tuesday, the three-day [...]China's Inflation Falls to 1.6% in November 2022
China's annual inflation fell to 1.6% year-on-year in November 2022 from 2.1% in the prior month. This was the lowest figure since March, mainly due to a sharp slowdown in [...]IATA Projects Airlines to Post Net Profits of $4.7 Billion in 2023
The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the [...]France Bans Short Haul Domestic Flights in Favour of Trains
The European Commission has given a green light for France to ban short haul domestic flights between cities that are linked by a train journey of less than 2.5 hours. [...]Brazil Approves Bill Regulating Use of Bitcoin as a Means of Payment
Amidst the ongoing bear market, regulators from all across the globe have been scrutinizing the Bitcoin-ledindustry. Brazil, however, was taking a leap into the crypto-verse with its latest regulatory framework. [...]
IFC Unveils New $225 million VC Fund for Early Stage Tech Startups
The International Finance Corporation (IFC) has unveiled a new $225 million fund to invest in early-stage companies in Africa, Middle East, Central Asia, and Pakistan. The IFC's new fund will [...]
Bill Gates Arrives in Kenya
Microsoft Co-Founder Bill Gates will be in Nairobi, Kenya, from today to meet key government officials, private sector players, regional scientists and innovators. The co-chair of the Bill Melinda [...]Facebook Parent Company, Meta Lays Off 11,000 Employees
Facebook owner Meta has laid off over 11,000 employees, in a bid to reduce headcount by about 13% as the social media giant struggles with declining revenues. The company's [...]Elon Musk Sells Tesla Shares Worth $4 Billion
Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the [...]RwandAir Begins Non-Stop Direct Flights to London
Rwanda’s national flag carrier, RwandAir has begun direct flights between Kigali and London, England, shortening the flight time for travellers between the two cities as the airline seeks to expand [...]
