(NAIROBI, Kenya) – Kenya’s National Treasury has lowered its tax revenue target for the current financial year by KES 81.4 billion ($634 million, £498 million), signalling weaker than expected collections from corporate profits and worker earnings. The Treasury now expects the Kenya Revenue Authority (KRA) to collect KES 2.777 trillionContinue Reading
(NAIROBI, Kenya) – Kenya plans to create a public register of people who ultimately own or control trusts, a move designed to curb illicit money flows and help the country exit the global money laundering grey list. The Trust Administration Bill, 2026, now before Parliament, introduces mandatory disclosure of ultimateContinue Reading
(NAIROBI, Kenya) – Kenya used KES 207.7 billion of borrowed money to pay salaries, settle debts and meet other routine government costs in the financial year ended June 2026, breaching public finance rules for another year. The sum equals roughly $1.62 billion or £1.27 billion. More than one in everyContinue Reading
(LONDON, UK) – Oil prices rose on Wednesday, 12 August, as doubts grew over a peace agreement between the United States and Iran. Attacks on two vessels added to fears of supply disruption in the Middle East, even as crude oil stocks in the US increased. Brent crude futures gainedContinue Reading
(KYIV, UKRAINE) – Costa Rica has expressed interest in drawing on Ukraine’s experience in the security sector, as the two countries move towards arranging a meeting at the level of heads of state. President Volodymyr Zelenskyy held a telephone conversation with Costa Rican President Laura Fernández Delgado. The two leadersContinue Reading
(KYIV, UKRAINE) – Ukraine’s Ministry of Finance raised almost UAH 2.3 billion (USD 51.3 million / GBP 40.1 million / EUR 46.7 million) for the state budget at its latest auction of domestic government bonds on Tuesday. The ministry offered hryvnia-denominated bonds across three maturities. A one-year bond maturing inContinue Reading
(TOBOLSK, RUSSIA) – The ZapSibNeftekhim petrochemical complex in the Russian city of Tobolsk in the Tyumen region has been closed for an indefinite period following a drone attack, Reuters reported, citing three industry sources. One source told the news agency that the facility had been halted with no timetable forContinue Reading
(KYIV, UKRAINE) – Ukraine and Moldova have agreed to reduce the water release from the Dnister hydroelectric complex to 75 cubic metres per second, down from 85 cubic metres per second set only days earlier, as the hydrological situation in the river basin continues to worsen. The decision was takenContinue Reading
(KYIV, UKRAINE) – The total number of non-bank financial institutions in Ukraine fell by 11 companies during July 2026 to stand at 727, while the number of banks remained unchanged at 59, according to data released by the National Bank of Ukraine. The central bank said it had cancelled allContinue Reading
(ZAPORIZHZHIA, UKRAINE) – Operations at the Zaporizhstal steel mill have been completely shut down after a Russian ballistic missile strike overnight hit the industrial site, killing seven employees and wounding 21 others. The attack struck the plant shortly after an air raid alert was declared, catching workers as they wereContinue Reading
