record

Zimbabwe’s gold-backed currency, the ZiG, recently achieved a significant milestone by recording its largest single-day gain against the U.S. dollar in 2023. This remarkable change can be attributed to a surge in gold production alongside a bolstered reserve of foreign currency, reflecting a new chapter in Zimbabwe’s economic narrative. On Friday, the ZiG appreciated by 0.2%, trading at 26.89 per dollar. This shift was particularly noteworthy, considering it marked only the twelfth instance of the currency…

As global temperatures rise, we are increasingly confronted with the reality of climate change. According to the European Union's climate monitoring service, last month marked the second warmest May on record, both on land and in our oceans. The Copernicus Climate Change Service reported that the average surface temperature of our planet dipped just below the critical threshold of 1.5 degrees Celsius above pre-industrial levels—almost matching the May record set last year. In the oceans, the average surface temperature…

On a brisk Sunday afternoon, under the cloudy skies of Newcastle, Manchester United faced yet another setback in their challenging Premier League campaign. Andre Onana, usually a formidable presence between the posts, was conspicuously absent. His latest high-profile mishaps had taken a toll, but would his absence make a difference? United still suffered a resounding 4-1 defeat against Newcastle, marking a solemn milestone: their worst-ever points tally in the Premier League. Entering the pitch at St. James’ Park, backup…

In a year marked by significant economic challenges, Kenyan banks have outdone themselves, posting a remarkable profit of Sh240.1 billion in 2024. This milestone comes despite the turbulent financial landscape of the nation. But what does this mean for the average Kenyan and the broader economy? As we delve into the details, let's explore the interplay between high profits and economic hardship, drawing insights from leading financial figures. Surprisingly, amid this financial success, banks…

Have you ever wondered what it takes to drive significant revenue growth in today's fast-paced financial world? At FCMB Group, the numbers speak for themselves. By the end of December 2024, the Group had recorded an impressive 53.9% increase in gross revenue, reaching a whopping N794.4 billion. This surge was largely powered by a remarkable 75.2% growth in interest income and a steady 8.7% rise in non-interest income. Even amidst the backdrop of high funding costs, net interest income grew by a solid 27.6%, bolstered by…

On a crisp Friday evening, beneath the storied arches of Wembley Stadium, Thomas Tuchel stepped into the spotlight, spearheading England’s quest for footballing glory with a resounding 2-0 victory over Albania. The curtain had drawn on his debut as the head coach of the England national team, a position laden with both promise and expectation. Myles Lewis-Skelly and the indomitable Harry Kane were the architects of this early success. Yet, despite the triumph, Tuchel's post-match candor brought his ambitions to the…

January 2025 marked a notable milestone in climate history, being hailed as the warmest January ever recorded globally. This revelation comes from the Copernicus Climate Change Service, who indicated the month was 0.79 degrees Celsius above the 1991-2020 average. While the global landscape seethed with uncharacteristic warmth, Ireland chose to take a different path. Data from Met Éireann revealed that, in contrast to the worldwide trend, Ireland experienced a cooler January, registering 0.45 degrees Celsius below the recent…

Banadir Court Chief Urges Appointment of 30 Judges to Tackle Caseload Crisis "The current surge in cases is overwhelming our present cadre of judges," stated Dabaan, the head of the Banadir Court. "We desperately need to activate newly qualified judges and ensure they receive adequate compensation. A judge under financial strain cannot be expected to impart justice impartially." Aman Obsiye, the Assistant District Attorney from Ramsey County, voiced his support for expediting the onboarding of new judges. "I back Jimale…

NAIROBI, Kenya - Tuesday's airstrike within the Tigray area continues to entice worldwide condemnation with the dying toll now reaching 80, in one in every of the newest massacres towards harmless civilians, who've been focused by the Ethiopian navy. Ethiopian Nationwide Protection Forces continues the Standard Entrance for the Liberation of Tigray fighters, who opposed Abiy Ahmed's authorities, which took over as prime minister in 2018, however has struggled to impose its authority within the nation. The European…

The presence in Uganda of the five variants is one of the reasons for the epidemic outbreak that the country in the Great Lakes region is currently experiencing when it had been relatively spared during the first wave. Strict containment had prevented the spread of the epidemic during the first wave of Covid in Uganda, but…