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Rubis has reported double-digit margin growth in the Caribbean, primarily thanks to Jamaica and Guyana, with a gross margin rise to €167 million. However, the unstable conditions in Haiti resulted …
Rubis Reports Strong Growth Driven by Caribbean Markets, Offset by Haiti’s Challenges Read More
Glencore’s Kamoto Copper Company in the Democratic Republic of Congo confronts a royalty dispute with DGRAD, which claims the company owes over €800 million. Despite the conflict, production levels of …
Glencore’s Kamoto Copper Mine Faces €800 Million Royalty Dispute in Congo Read More
The recent rapprochement between Egypt and Turkiye faces its first significant test amid the ongoing crisis over the Central Bank of Libya. With Sadiq Al-Kabir’s removal causing a political and …
Egypt-Turkiye Cooperation at Risk Due to Libyan Crisis Read More
Indonesia’s national data center suffered a ransomware attack from the LockBit group, causing significant disruptions and demanding a ransom of $8 million. Essential services are gradually returning to normal, though …
Cyberattack on Indonesia: LockBit Ransomware Demands $8 Million for Data Release Read More
Kenya is nearing a $1.5 billion loan agreement with the UAE, aiming to improve financial stability amid rising debt and a budget deficit. With negotiations ongoing and expected terms indicating …
Kenya Set to Secure $1.5 Billion Loan from UAE Amid Financial Pressures Read More
Zimbabwe’s newly introduced currency, the Zimbabwe Gold (ZiG), has rapidly depreciated since its launch, leading to significant economic turmoil just five months later. Governor John Mushayavanhu faces pressures from inflation …
Zimbabwe’s Currency Crisis: Struggles of the Zimbabwe Gold (ZiG) Amidst Economic Turmoil Read More
The Zimbabwe Gold currency, introduced in April, has faced a significant loss of value, falling 80% against black market rates. Retailers attribute their operational difficulties to the government’s fixed exchange …
Economic Turmoil: The Impact of Zimbabwe’s Gold Currency on Retailers Read More
Zimbabwe is experiencing a crisis of confidence in its gold-backed currency (ZiG), leading to a surge in illegal money changers offering higher exchange rates for dollars. In August, inflation for …
Crisis of Confidence in Zimbabwe’s Gold-Backed Currency Read More
Leading retailers in Zimbabwe are at risk of closure due to the government’s enforced official exchange rate, which does not reflect the realities of the currency’s market value. This discrepancy …
Zimbabwe Retailers Face Closure Risks Amid Currency Crisis Read More
Zimbabwean retailers are warning of severe financial constraints due to the devaluation of the newly established currency, the Zimbabwe Gold (ZiG). The official exchange rate has made it increasingly untenable …
Zimbabwe Retailers Warn of Economic Ruin Due to ZiG Currency Devaluation Read More