Economy & Trade

Expect around 37% drop in Türkiye's inflation by 2025 — IMF

In medium term, a further drop in inflation would boost confidence, and growth would rise back toward potential of 3.5 - 4 percent, says International Monetary Fund.

Türkiye slams Israel's 'illegal' operation in occupied West Bank

Türkiye insists that 'punitive, coercive measures' must be taken against Israel's actions, which blatantly disregard international law.

Live Updates: Israel kills at least 11 Palestinians in latest West Bank raids

Israel's war on Gaza, now in its 327th day, has killed at least 40,476 Palestinians — mostly women and children — and wounded over 93,647 others, a conservative estimate, with 10,000+ believed to be buried under debris o

Live Updates: Israel's biggest incursion in occupied West Bank in decades

Israel's war on Gaza, now in its 327th day, has killed at least 40,476 Palestinians — mostly women and children — and wounded over 93,647 others, a conservative estimate, with 10,000+ believed to be buried under debris o

Libya central bank governor's exit deepens division

The sacking of Libya's central bank governor has exacerbated the already strained relations between the Tripoli-based government and the Benghazi-based government.

Kenyan taxi drivers seek a fare deal as competition drives business

Taxis may be Kenya's public transport lifeline, but increased competition and the propensity of ride-hailing companies to undercut fares have left drivers struggling to stay in business.

South African inflation falls to three-year low

Inflation in South Africa for the month of July was at its lowest level in three years, government data showed on Wednesday.

Egypt's foreign debt drops by $7.4b in first quarter

Egypt's foreign debt fell by $7.4 billion in the first quarter of 2024, central bank data shows.

Supreme Court allows Kenya to use Finance Act 2023

Kenya's Supreme Court has suspended a July 2024 Court of Appeal verdict that declared the country's Finance Act 2023 unconstitutional.

Niyomugabo: Market is Rwandan artist's canvas of realism

This young painter finds stirring stories to tell through his art by having heart-to-heart conversations with vendors at Kigali marketplaces about their daily struggles and small joys.

Egypt extends term of central bank governor

Egypt has extended the term of the country's central bank governor Hasan Abdalla for a third year.

TRT World screens harrowing film about Jewish settler violence in West Bank

The documentary provides a nuanced look at the human suffering inflicted by Israel-enabled settler gangs, all under the shadow of its brutal war on Gaza.

Libya’s powerful central bank governor al-Kabir sacked

The sacked central bank governor Al-Kabir had led the bank since 2011 — the year that Libya was plunged into chaos after a NATO-backed uprising toppled longtime leader Moammar Gadhafi.

Kenyan aviation workers postpone planned strike over Indian investment

The airport is a major regional aviation hub, and a strike would cause significant disruption to the region’s air traffic.

Speeding vehicle kills ten people in Malawi market

A speeding vehicle killed at least ten people at a market in southern Malawi on Sunday.

Libya central bank suspends operations after staff kidnap

Libya's central bank has announced that it has suspended operations after its Information Technology Director Musab Moslem was abducted on Sunday.

Southern Africa leaders hold summit amid mpox, economic crisis

The summit comes at a time of increasing economic, political and security challenges for the region.

Live Updates: US slams Israel for settlement on UNESCO-listed West Bank site

Israel's war on Gaza, now in its 314th day, has killed at least 39,965 Palestinians — mostly women and children — and wounded over 92,294 others, with 10,000+ estimated to be buried under debris of bombed buildings.

Live Updates:Israel plans new West Bank settlements on eve of truce talks

Israel's war on Gaza, now in its 313th day, has killed at least 39,965 Palestinians — mostly women and children — and wounded over 92,294 others, with 10,000+ estimated to be buried under debris of bombed buildings.

Kagame retains ex-World Bank official as Rwanda PM

Edouard Ngirente is expected to help the president form a new Cabinet in the coming days.

How businesses bear the cost of anti-inflation unrest in Nigeria

The looting and violence in Nigeria under the cover of anti-inflation protests have exacted a heavy toll on businesses, destroying many of them, taking away jobs, and making owners wary of reinvesting.

Kenyan aviation workers to go on strike over Indian investment

The strike would likely cause significant disruption to Kenya's national carrier, Kenya Airways.

Revamping US sanctions: Shifting from punishment to persuasion

Economic sanctions now impact nearly one-third of the global economy. It's time for the US to reevaluate their use, as they rarely achieve their goals and inflict harm on innocent civilians.

'Tuna bond': US jury convicts Mozambique's ex-finance minister

A US jury has convicted Mozambique's former Finance Minister Manuel Chang over his involvement in the "tuna bond" corruption scandal.