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Tanzania raises key interest rate by 50 basis points

Tanzania's central bank raised its key interest rate by 50 basis points to 6.25% (TZINTR=ECI) on Friday after inflation accelerated to its highest in three years.In May consumer inflation reached 4.2% in annual terms (TZCPIY=ECI), up from 4.0% in the previous month.It is still within the 3%-5% targ…

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Economy
NEWS reuters

Kenya private sector activity picks up in June, PMI shows

Kenya's private sector activity picked up in June, breaking a run of three previous monthly contractions, a survey showed on Friday.The Stanbic Bank Kenya Purchasing Managers' Index rose to 50.0 in June from 46.6 a month earlier. Readings above 50.0 indicate growth in business activity, while those…

Reuters en
Economy
NEWS reuters

Japanese firms agree average 5.01% pay hikes, top union group's final tally shows

Japanese companies logged another year of big pay hikes, the nation's largest labour union group said, signalling that sustained pay increases are becoming firmly entrenched to support the world's fourth-latest economy.The final tally of annual labour talk results showed Japanese companies have agr…

Reuters en
Economy
NEWS reuters

Ukraine's grain exports fall 8.4% to 37.2 million tons in 2025/26

Ukrainian grain exports fell 8.4% to 37.2 million metric tons in the 2025/26 July-June season from 40.6 million tons in 2024/25, the deputy economy minister told Reuters on Friday.Ukraine is a major grain grower and exporter. However, the country faced a decline in both grain production and exports…

Reuters en
Economy