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Reducing Poverty and Inequality in Africa
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Entebbe International Airport set a new record in July 2025, handling 230,577 passengers, the highest in its history. The surge is linked to increased tourism, international conferences, and enhanced airline connectivity, highlighting Uganda’s growing role as a regional travel hub.
The Kenya Revenue Authority (KRA), with support from ATAF and the World Bank Group, visited the Mauritius Revenue Authority to strengthen its data-driven tax compliance strategies. The tour featured hands-on training in financial data analysis and showcased peer-to-peer learning as a catalyst for smarter revenue mobilisation.
In June, deposit and loan interest rates moved in opposite directions. Creditor interest rates for six-month deposits fell by nine basis points to 2.27%, while rates for one-year deposits rose by 26 basis points to 2.96%.
NESR has secured over $100 million in multi-year energy service contracts across Algeria and Libya, marking a major expansion in North Africa. With 100% national crews and a focus on innovation, the company is driving sustainable growth and regional empowerment.
South African President Cyril Ramaphosa on Thursday unveiled the G20’s first task force dedicated to tackling global wealth inequality, highlighting its effects on growth, poverty, and international cooperation.
China has contributed $1 million to support Nigeria’s flood relief efforts, providing a boost to the federal government’s response in the northern states. The donation was formalized on Wednesday in Abuja when the Minister of Budget and Economic Planning, Abubakar Bagudu, signed the exchange notes with Chinese Ambassador Yu Dunhai.
