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Kenya has formally requested rapid emergency financial support from the World Bank to shield its economy from the severe fallout of the ongoing war in Iran, Central Bank Governor Kamau Thugge confirmed Thursday. The request, described by Thugge as “significant” in amount though no exact figure was disclosed, would tap the World Bank’s Rapid Response […]
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Rising oil prices are widening economic divergence across Africa, increasing cost pressures for fuel-importing countries while strengthening fiscal balances in oil exporters such as Nigeria and Angola. Escalating tensions in the Middle East and renewed risks to shipping through the Strait of Hormuz, which carries nearly one-fifth of global crude supply, have tightened energy markets […]
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