Month June 2024

Kenya: Police Block State House As Protests Continue Over Tax Hikes

KENYAN police established roadblocks on routes leading to the presidential palace on Thursday as some protesters vowed to ‘occupy State House,’ despite President William Ruto’s decision to withdraw proposed tax hikes. The tax proposals had ignited a week of nationwide demonstrations.…

FG Announces Boost In Nation’s Economy

THE Federal Government has reported significant boosts in the nation’s economy with the Excess Crude Account standing at 473.75 million dollars and Stabilisation Account at over N28.7 billion. The Government also said that the nation’s Natural Resources fund stood at…

IMF Approves $569.6m Aid, Boosts Zambia Support To $1.7bn

THE IMF announced on Wednesday the completion of the third review of Zambia’s Extended Credit Facility, approving an immediate disbursement of $569.6 million. Additionally, the IMF has increased its total financial assistance to Zambia from $1.3bn to $1.7bn to help…

US Commends Ruto For Easing Tensions Amid Kenya Protests

US Secretary of State Antony Blinken expressed gratitude to Kenyan President William Ruto in a phone call on Wednesday for his efforts to de-escalate tensions in Kenya. The country has been rocked by widespread protests over a controversial tax bill,…

Op-Ed: Nigeria’s Path To True Federalism: A Detailed Plan

THE calls for restructuring Nigeria have intensified over recent years, reflecting the country’s deepening economic and political challenges. Various proposals have come forth, including the creation of the United States of Nigeria or the United Regions of Nigeria. These ideas…

US Company Unveils Cheaper Cocoa Butter Alternate Amid Price Hike

BLOOMER Chocolate, North America’s largest cocoa processor, has unveiled a new product aimed at providing confectioners with a cost-effective alternative to cocoa butter amidst soaring cocoa prices. The product, launched on Tuesday, is designed to help candy makers manage the…