Moody’s further downgrades Kenya’s sovereign rating
Moody's downgraded Kenya's sovereign rating further into junk territory on Monday, citing reduced capacity to…
IMF approves $60m for Mozambique
The International Monetary Fund (IMF) has completed its Fourth Review under Mozambique’s Extended Credit Facility…
EGX closes mostly red on July 8
Egypt’s stock exchange (EGX) closed mostly lower on Monday, with the main index, EGX30 going down by 0.67 per cent,…
Global hydro generation hits 5-year low amid rainfall shortages
Global hydroelectric generation reached a five-year low in 2023 due to below-average rainfall affecting major…
China’s BYD signs $894m deal to build EV parts plant
China's BYD has signed a deal to build a new electric vehicle component factory with a total investment of $894.2…
India’s fuel consumption rises in June
India's fuel consumption rose by 2.6 per cent year-on-year (YoY) to 19.99 million metric tons in June, according to…
Singapore to build SE Asia’s largest EV fast-charging hub
Volt Singapore announced plans on Monday to construct Southeast Asia's largest public electric vehicle (EV)…
UK renewables sector seeks boost in offshore wind auction funds
Following Labour's election victory in Britain, the renewables sector is urging the government to significantly…
DME trading volume surges 31% in H1 ’24
Dubai Mercantile Exchange (DME) reported a 31 per cent increase in front-month trading volume, reaching 505 million…
BoE’s Haskel backs high rates, warns of labour market issues
Bank of England (BOE) policymaker Jonathan Haskel announced he will vote to maintain interest rates at a 16-year…
