CHINA AFRICA TRADE
China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations.
KENYA MARKETS
Kenya’s shilling was slightly stronger on Thursday in slow trade, traders said.
KENYA BUDGET
Kenya is on a trajectory of sustained economic growth but also faces potential risks from global trade sanctions, market volatility and extreme weather conditions, its finance minister said on Thursday.
RWANDA BUDGET
Rwanda plans overall spending of 7 trillion Rwandan francs ($5 billion) next fiscal year, 21% more than this year, Finance Minister Yusuf Murangwa said on Thursday.
TANZANIA BUDGET
Tanzania’s budget spending will increase by about 12% next fiscal year to roughly 56.5 trillion Tanzanian shillings ($22 billion), driven by efforts to complete flagship infrastructure projects, Finance Minister Mwigulu Nchemba said on Thursday.
UGANDA BUDGET
Uganda on Thursday 12th June forecast its economic growth would accelerate slightly in the coming fiscal year to about 7%, which suggests officials are not banking on large-scale energy production in the next 12 months.
