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News
Colombia Markets Closed for Boyacá; De La Espriella Takes Office
51+ min ago (47+ words) Colombian markets were closed on Friday for the Battle of Boyacá holiday as Abelardo De La Espriella took the presidential oath in Cali, naming Ecopetrol recovery his top priority. The post Colombia Markets Closed for Boyacá; De La Espriella Takes…...
Burkina Faso Plans 117 Billion CFA Franc Memorial for Thomas Sankara
1+ hour, 49+ min ago (990+ words) Burkina Faso · POLITICS —Project cost: The Sankara memorial is valued at about 117 billion CFA francs as of August 2026, up from an earlier estimate of 35 billion CFA francs in the late 2010s. —Location and scale: The 14-hectare site in Ouagadougou will include…...
Angola Nears Single-Digit Inflation for First Time in Decades as Rate Cuts Begin
1+ hour, 31+ min ago (1112+ words) —Inflation trajectory: Angola’s inflation fell from 28.2 percent in 2024 to 12.4 percent in March 2026, according to the International Monetary Fund. —Rate decision: The National Bank of Angola cut its policy rate to 15.75 percent on July 14, 2026, its second reduction of the year, citing…...
Truck Shutdown Threat Returns in South Africa
1+ hour, 36+ min ago (1236+ words) South Africa · TRADE —Sector value: South Africa’s road freight and logistics sector was worth R480 billion (about US$29.4 billion), according to Business Day reporting in 2023. —Driver breakdown: Of 44,021 registered truck drivers, 37,265 (84.66 percent) are South African citizens and 6,756 (15.34 percent) are foreign nationals,…...
Kenya State Think Tank Warns Raising VAT Risks Driving Firms to Informal Sector
2+ hour, 9+ min ago (1111+ words) —The warning: KIPPRA advised the National Treasury against raising value-added tax above the current 16 percent, arguing it would reduce consumption and push firms into the informal economy. —The threshold: KIPPRA modelling found that once VAT exceeds 16.3 percent, revenue elasticity turns…...
Nigeria's NNPC Listing: Tinubu Commits, But Sets No Date
1+ hour, 59+ min ago (489+ words) —What he said: Receiving the Nigerian Exchange Group board in Abuja on 6 August 2026, President Bola Tinubu said Nigeria could reform NNPC “to the extent that one day, the totality of it, not just the arms and legs, the totality of…...
Museveni renews push for East African Community political federation
2+ hour, 7+ min ago (1045+ words) —Who is pushing: Uganda’s President Yoweri Museveni, in power since 1986, has renewed his long-running campaign for an East African Community political federation. —The bloc: The East African Community now has eight partner states: Uganda, Kenya, Tanzania, Rwanda, Burundi, South Sudan,…...
Saudi Arabia Displays Armoured Vehicles for Sudan Army Offensive
2+ hour, 19+ min ago (1145+ words) —Armoured vehicles: The Sudanese Armed Forces have publicly displayed Pakistan-made Mohafiz-V armoured vehicles, believed to be part of a Saudi-backed arms arrangement. —October 2024 delivery: A first batch of 50 armoured fighting vehicles arrived at Wadi Sayidna military base north of Omdurman,…...
Rwanda in talks with Italy to resettle irregular migrants, no deal yet
2+ hour, 18+ min ago (1053+ words) —Status of talks: Rwanda and Italy are in exploratory discussions. Government spokesperson Yolande Makolo said on 6 August 2026 that there is “no agreement yet.” —Proposed model: One idea under discussion is an expansion of the Emergency Transit Mechanism at Gashora, south…...
Argentina Foreign Land Ownership Cap Stays at 15%
12+ hour, 53+ min ago (1179+ words) —Withdrawn. Milei’s Senate bloc pulled the rural land chapter from its private property bill on 5 August 2026, a day before the vote. —Rule today. Argentina’s 2011 Land Law still caps foreign ownership of rural land at 15%, measured nationally, provincially and locally. —The…...