(KYIV, UKRAINE) – Ukrainian banks will begin introducing new monthly transfer limits for certain individual entrepreneurs and companies from 14 August, under an updated memorandum designed to close channels used for tax evasion and money laundering. The restrictions will apply in two phases, with the second stage taking effect fromContinue Reading
(KYIV, UKRAINE) – Russian drone strikes and artillery shelling caused fresh power cuts in five Ukrainian regions by the morning of 12 August, national grid operator Ukrenergo said, as repair crews worked to restore supply where security conditions allowed. The new outages affected consumers in the Odesa, Dnipropetrovsk, Donetsk, KhersonContinue Reading
(NAIROBI, KENYA) – The number of Primary Care Networks across Kenya’s 47 counties rose 22 percent to 277 in the 2025/26 financial year, as devolved governments accelerate a model designed to move routine health services closer to households and ease the burden on referral hospitals. The networks, up from 227Continue Reading
(NAIROBI, KENYA) – A social media account manager has filed a KES 5.2 million ($40,200, £31,400) counterclaim against the head of Kenya’s urban roads authority, in a dispute that began with the official seeking to recover control of his X account. Eugene Mokua lodged the counterclaim after Kenya Urban RoadsContinue Reading
(NAIROBI, KENYA) – A pension fund covering more than 5,000 former telecommunications workers in Kenya is preparing to sell its four largest property assets to government ministries by September 2026, a move that could deliver improved monthly payouts to its ageing membership. The TelPosta Pension Scheme is in advanced negotiationsContinue Reading
(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
