Tag: economy
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Nandi-Ndaitwah helps Namibia to clear 100% IMF debt, boosting fiscal space
Namibia has completed repayment of its debt to the International Monetary Fund, marking a key milestone in the country’s economic management under President Netumbo Nandi-Ndaitwah. The government settled a total of $23.9 million, with official figures showing payments reaching $23.8875 million as of March this year. The move is expected to ease external debt pressure…
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Tanzania Seizes Smuggled Minerals Worth Over $1.3 Million in 2025/26
Tanzania’s mining ministry says it seized illegally traded minerals worth over $1.3 million between July 2025 and March 2026, as enforcement efforts intensified across key regions.
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Bank of Tanzania (BoT) Raises 7-Day Money Market Rate to 6.09%, Aiming to Stabilize Shilling
the BoT just released its latest money market report. They’ve moved the 7-day interest rate to 6.09% to help stabilize the TShilling against the dollar. It’s a technical move, but it affects everything from your bank loans to the price of imported goods in the shops today.
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US and Taiwan Sign “Pivotal” Tariff-Cutting Deal to 15% From The Initial 20%
Defying warnings from Beijing, the U.S. has signed a major trade agreement with Taiwan to slash tariffs on high-tech goods, further complicating U.S.-China relations.
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Ghana’s Unpaid Cocoa Farmers Forced to Go Hungry as Payment Delays Bite
Thousands of Ghanaian cocoa farmers say they are skipping meals and pulling children from school as months-long payment delays leave them without income for beans already delivered to buyers.
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U.S. House Rebukes Trump on Canada Tariffs
The Republican-controlled House voted 219-211 to end the “national emergency” used to justify tariffs on Canada. While largely symbolic given Trump’s likely veto, it signals growing internal GOP tension over rising costs for American families.
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Toyota Expands EV Lineup with New 3-Row Highlander
In a major shift for the automotive industry, Toyota announced the North American premiere of its first three-row Highlander Battery Electric Vehicle (BEV). The move is part of the company’s “multi-pathway” strategy to reach carbon neutrality while competing with Tesla and Ford.
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South Africa-China Duty-Free Trade Deal
South African officials have welcomed a landmark economic partnership agreement with China that will grant South African goods duty-free access to Chinese markets by late March 2026.
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Trump Threatens to Block Gordie Howe International Bridge Opening Despite Trade Row With Canada
U.S. President Donald Trump has threatened to block the opening of the nearly-complete Gordie Howe International Bridge, between Detroit and Windsor, demanding the United States be “fully compensated” dispite a broader trade dispute with Canada.
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Gold Futures Rally Past $5,000 as Dollar Weakness and Market Shifts Fuel Demand
Gold futures have reclaimed and settled above the $5,000 per ounce mark, driven by weakening confidence in the U.S. dollar and shifting global market valuations that are reshaping investor behavior.
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