JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of the release of local central bank data and inflation data that will shed light on the country’s economic outlook.At 0512 GMT, the rand traded at 16.75 against the dollar, little changed
KAMPALA, Uganda — In a nod to the unsung architects of the city’s bustling commercial landscape, two of Uganda’s most influential tycoons, Sudhir Ruparelia and Haji Muhammad Matovu Yanga, have been crowned Kampala’s Best Business Landlords of 2025.The accolade, announced Tuesday by
The U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month.The U.S. dollar was steady on Tuesday as investors deliberated the chances of the Federal Reserve cutting interest rates next month after dovish comments from
Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fighting to stave off bankruptcy.Firms have watched on helplessly as interest rates were hiked to 21% towards the end of 20
Uganda’s domestic debt market continues to heat up, with the latest Treasury Bills auction attracting overwhelming investor interest and confirming growing confidence in government securities as a safe and lucrative investment option.In Auction No. 1218 held on November 19, 2025, the Ban
Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?In today’s markets, uncertainty has become the new normal, putting pressure on traders and investors alike.Changing tariffs, shifting monetary policies, and persistent tensions are weighing on s
Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether markets open, or whether a taxi driver makes it home with a decent earning. In Libya, that litre costs less than
The Ministry of Ministry of Finance, Planning and Economic Development (MoFPED) has released data indicating a positive economic outlook for the month of October, 2025 as compared to the previous month.The Ministry says that in October 2025, the Shilling appreciated by 1.3 percent to an av
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high interest rates, since the outbreak of the full-scale war in February 2022.The key interest rate rose to a staggering 21% last
Gold rose for a fifth straight session on Thursday to hit its highest in more than three weeks, buoyed by expectation that the U.S. government reopening will restart the flow of economic data and boost bets for further interest rate cuts.Gold rose for a fifth straight session on Thursday t
