economic

Several killed as Iran’s economic protests turn deadly; clashes reported across multiple provinces At least several people were killed in Iran as protests over a plunging currency and soaring prices escalated into violent confrontations with security forces in multiple cities, according to Iranian media, activist groups and local authorities. The semi-official Fars news agency said three protesters were killed and 17 were injured Thursday after demonstrators stormed a police station in Lorestan province around 6 p.m. local…

WASHINGTON — US President Donald Trump said the United States is “locked and loaded” to respond if Iran kills protesters, issuing a stark warning as cost-of-living demonstrations in the country turned deadly and Iranian authorities cautioned Washington against interference. In a post on his Truth Social platform, Trump wrote that if Iran shoots “and violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue.” His message followed reports of fatal clashes between…

Somalia’s khat bill: How a daily airlift of mira to Mogadishu drains a fragile economy Somalia’s dependence on khat—known locally as qaad and as mira in Kenya—has evolved from a social habit into a structural economic liability. Official statements tabled in Kenya’s National Assembly on December 3, 2025, show just how lopsided the trade has become: Somalia is Kenya’s largest export destination for mira, accounting for more than 95 percent of Kenya’s total mira export volume. The crop supports an estimated 110,000 Kenyan…

Trump touts ‘economic boom’ and blames Biden for prices in prime-time address WASHINGTON — President Donald Trump promised Americans “an economic boom” and said prices are “falling rapidly” in a nationally televised address from the White House, casting blame for high costs on his Democratic predecessor, Joe Biden, even as new polls show persistent voter anxiety over affordability. “Good evening America. Eleven months ago I inherited a mess, and I’m fixing it,” Trump, 79, said in the live speech at the end of his first year…

WASHINGTON — President Donald Trump used a rare prime-time address from the White House to promise an economic boom and blame Democratic predecessor Joe Biden for stubbornly high prices, even as fresh polling shows voters increasingly sour on his handling of the economy at the close of his first year back in power. “Eleven months ago I inherited a mess, and I’m fixing it,” said Trump, 79, casting his stewardship as a course correction from the Biden era. He insisted that gas and grocery prices that have strained household…

In a historic move towards peace, Rwandan President Paul Kagame and DR Congo's President Felix Tshisekedi signed a pivotal peace accord at the White House on Thursday. The ceremony, hosted by U.S. President Donald Trump, signals a significant step in addressing the long-standing conflict between the two neighboring countries. The peace accord underscores a commitment to ending hostilities and building a foundation for stability in the region. Both leaders, flanked by their foreign ministers, expressed optimism about the…

Somalia’s growth is hitting an avoidable ceiling: the price and reliability of electricity. The country’s telecom sector—quietly swapping diesel generators for sunlight—offers a clear, local blueprint for how to lower costs, cut emissions and power a modern economy. If energy is the missing link, renewables are the bridge.

Somalia faces a growth squeeze as international aid ebb slows recovery Somalia’s recent economic gains now face a stark test: a sharp drop in development assistance from major donors that, according to the country’s finance minister, has reduced projected growth from roughly 4% in 2024 to nearly 1% in 2025. That slowdown is not simply a statistical wobble. It is a signal that Somalia’s fragile, donor-dependent development model is colliding with new global priorities and domestic limits to revenue generation. From aid-led…

Somalia’s new e‑visa system ignites a storm over money, power and trust The row over Somalia’s newly launched electronic visa system has moved beyond bureaucratic bickering into a full‑blown political and financial controversy, exposing fault lines in a country long divided over sovereignty, economic control and how the diaspora — Somalia’s lifeline — is treated. Accusations, denials and a Facebook post that set it off The controversy began in a blunt Facebook post by Axmed Ismaaciil, the general manager of WorldRemit’s…

Zimbabwe’s crocodile industry inches forward, raises questions about jobs, conservation and value What sounds at first like an exotic sideline to traditional agriculture is quietly becoming a fixture of Zimbabwe’s export economy. Over the past two years crocodile skin exports have inched up from US$32 million to US$34 million, Deputy Minister of Lands, Agriculture and Fisheries Davis Marapira told reporters — a modest rise that nonetheless signals a sector pushing for a larger role in foreign exchange earnings and rural…