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East African Community (EAC) countries project overall national government spending in the sub-region to rise in the financial year from July 1, 2023 to June 30, 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June 22 — this is in line with the EAC Treaty. The exemptions are Burundi, South Sudan and latest entrant the Democratic Republic of Congo (DRC). These four EAC member states are to provide details of their spending priorities and how they expect to fund them. Most of…

Ahead of the Sierra Leonean elections, Head of Electoral Observation Mission of the Economic Community of West African States (ECOWAS), Dr. Mohamed Ibn Chambas, met with several stakeholders on Wednesday, on preparations for the presidential and legislative elections on Saturday, 24th June in Sierra Leone. He was accompanied by the Deputy Head of Mission Ambassador Ansumana Ceesay, the ECOWAS Resident Representative to Sierra Leone, Ambassador Moussa Harouna, and Ambassador Dr. Abdel-Fatau Musah, ECOWAS Commissioner for Political Affairs, Peace and Security. At a meeting with the Chief Commissioner of the Electoral Commission of Sierra Leone (ECSL), Mr. Mohamed Kenewui Konneh, in…

Hilda Baci finally received her plaque and certificate from the Guinness World Records on June 19. The celebrity chef was awarded 93 hours out of the 100 she cooked for, making her the record holder for the longest cookathon by an individual. https://www.instagram.com/tv/Ctr_2k7o8U4/?igshid=NTc4MTIwNjQ2YQ== Days after her confirmation as the holder of the record for the longest cookathon by an individual, Hilda Baci officially received her plaque and certificate from Guinness World Records. Hilda, who was supported by millions of Nigerians during the event, shared the unboxing experience with them via her Instagram Live. In the video sighted online, Hilda could…

The grandiose Temple of Quechula was built with the belief that the village of its namesake would boast a large, booming population. Today, the abandoned city hosts schools of fish that feed the livelihood of local fishermen, submerged within the Nezahualcoyotl reservoir, at least partially. Over the past six months, drought in Chiapas, Mexico, has plunged water levels at the Nezahualcoyotl reservoir, built on the Grijalva River, to extreme levels. The church was built in the 16th century under the order of a group of monks led by Friar Bartolome de la Casas in a region inhabited by the Zoque…

The Turkish central bank faces a key test Thursday on turning to more conventional economic policies to counter sky-high inflation after newly reelected President Recep Tayyip Erdogan gave mixed signals about an approach that many blame for worsening a cost-of-living crisis. It is the bank’s closely watched first interest rate-setting meeting since the longtime leader named internationally respected officials to head the bank and the finance ministry. While a sharp rate hike is expected, it’s not clear if it will be enough to ease market concerns. The appointments were seen as a sign that Turkey would change course and abandon…

Even as hiring slowed worldwide last year, the number of job postings requiring at least one “green skill” continued to skyrocket, according to a new report from LinkedIn. The share of job listings requiring green skills, which LinkedIn says are skills that directly combat the effects of climate change, is higher than ever – growing by some 23% in the past year, the company’s Global Green Skills report 2023 revealed. While the report found that the share of green talent is growing, only one in eight workers currently have green skills, which reflects that demand is growing more quickly than…

   Glaciers are melting at unprecedented rates across the Hindu Kush Himalayan mountain ranges and could lose up to 80% of their current volume this century if greenhouse gas emissions aren’t sharply reduced, according to a new report.    The report Tuesday from Kathmandu-based International Centre for Integrated Mountain Development warned that flash floods and avalanches would grow more likely in coming years, and that the availability of fresh water would be affected for nearly 2 billion people who live downstream of 12 rivers that originate in the mountains.    Ice and snow in the Hindu Kush Himalayan ranges is…

The Dubai International Chamber (DIC), one of the three chambers operating under Dubai Chambers, has inaugurated a new international representative office in London, United Kingdom. The new office, which is DIC’s first representative office in Europe and 20th globally, marks a significant step in the chamber’s global expansion strategy. The main focus of the new Dubai business office in London is unlocking the shared business interests between Dubai and the UK, the Dubai International Chamber said. The new London office, its first in Europe and 20th globally, was described as the “next step” in UK-UAE relations. Khalid Al Shamsi, vice…

Iranian ju-jitsu fighters showed fine athletic skills to claim two gold medals at the AJP Tour Dubai International Jiu-Jitsu Championship 2023 held in the United Arab Emirates. On Sunday, Ashkan Moradi took part in the men’s GI amateur 120-kilogram competitions at al-Nasr Club in Dubai, and took home the gold. Baraa Taher Gilmore, a competitor from Indonesia, claimed the second spot and received the silver medal, while Serbian contestant Stefan Lazarevic pocketed the bronze. Moreover, Mehran Sajjadi, another representative from the Islamic Republic of Iran, won a gold medal in the boy’s 60-kilogram weight class. The AJP Tour Dubai International…

The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday. The BoE had said in December that investment funds and other non-bank financial institutions would face their first ‘stress test’ to apply lessons from the near-meltdown in Britain’s pension fund sector in September. “The launch of this exercise will provide valuable insight into the system-wide dynamics for banks and non-banks following a severe but plausible stress to financial markets,” BoE Deputy Governor Jon Cunliffe said in…