cuts

Fed pivots toward steady cuts to shield jobs, betting inflation will cool The Federal Reserve on Wednesday delivered a quarter-point interest-rate cut and signaled more to come this year, a shift that underscores a growing concern among U.S. policymakers: the danger of a weakening labor market now looks larger than the risk of rekindled inflation. The move, supported by most of President Donald Trump's appointees on the Fed’s policymaking committee, reflects a central bank juggling two aims — price stability and full…

Nigerian President Muhammadu Buhari apologizes to his compatriots for some recent economic troubles related to fuel shortages and power grid outages. Emmanuel Igah, consultant in geopolitics and international development, tells us more

The European Union cuts Kenya's military funding in Somalia NAIROBI, Kenya - The European Union has cut off Kenya's defense forces Somalia's budget by nearly half, giving further indication of the imminent exit of AMISOM troops from the Horn of Africa nation, which still grapples with the threat of Al-Shabaab. This will pave the way for the exit of FDK troops serving in AMISOM, and subsequent…

NAIROBI, Kenya - Kenya Defense Forces will have to operate with a $ 49 million deficit in the 2021/22 budget, it emerged, after the European Union slashed donor repayments to Kenya by 66%, ahead of AMISOM's exit from Somalia . AMISOM troops are expected to withdraw from the Horn of Africa nation upon full implementation of the Somali transition plan by the end of 2021. AMISOM has nearly 22,000 troops in Somalia, fully paid by the European Union, the UN, the United States among other partners. In a report tabled in…

In Côte d'Ivoire, for a month now, cocoa exporters have stopped buying futures contracts for the next production season. They are asking for a discount on taxes and especially on the quality premium called the "country differential". Information revealed by Bloomberg Agency. It is an arm that is invisible to the public, but…