Wayne Lumbasi Ghana has taken a major step toward restoring stability in its energy sector after paying $1.47 billion in longstanding power-related debts, a move that eases financial pressures and strengthens confidence among electricity producers and suppliers. For years, unpaid bills had strained the sector, depleting guarantees, delaying payments to gas suppliers and independent power […]
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Wayne Lumbasi U.S President Donald Trump has announced that countries maintaining commercial ties with Iran will be subject to a 25% tariff on all trade with the United States, a move that could significantly affect global trade relations. The declaration, made on Trump’s Truth Social platform, signals an escalation in economic pressure aimed at isolating […]
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Wayne Lumbasi Kenya has granted an exemption to major United States multinational companies from its newly introduced 15% minimum corporate tax, allowing firms such as Google, Meta, and Amazon to continue paying tax solely under U.S. rules. The exemption follows recent adjustments to the global minimum tax framework agreed under the Organisation for Economic Co-operation […]
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Wayne Lumbasi President Donald Trump has indicated that the United States is weighing possible military action against Iran as nationwide protests and a forceful security crackdown heighten tensions between Washington and Tehran. Speaking to reporters, Trump said the U.S. military is reviewing “very strong options” in response to developments in Iran, signaling that the administration […]
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Wayne Lumbasi Venezuela shipped 113 metric tonnes of gold from its central bank to Switzerland between 2013 and 2016, a move that generated around 4.14 billion Swiss francs (approximately $5.20 billion) as the country grappled with a deepening economic crisis under President Nicolas Maduro. The shipments, revealed through Swiss customs data, took place shortly after […]
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Wayne Lumbasi The United States has suspended all assistance to Somalia’s federal government following claims that food aid intended for vulnerable populations was illegally seized. The move, announced by the U.S. State Department, underscores Washington’s “zero-tolerance” policy toward the diversion or misuse of life-saving humanitarian aid. According to U.S. officials, Somali authorities allegedly destroyed a […]
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Wayne Lumbasi The United States has expanded its visa enforcement measures, introducing rules that may require visitors from several countries to post a refundable bond of up to $15,000 before being issued short-term visas. The policy applies to applicants seeking B-1 business and B-2 tourist visas and is part of a broader effort by U.S. […]
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Wayne Lumbasi U.S. President Donald Trump has announced that Venezuela will transfer between 30 million and 50 million barrels of crude oil to the United States, a move that marks a significant shift in the energy and political landscape of the region. Trump said the oil would be sold at prevailing market prices, with the […]
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Wayne Lumbasi The African Union (AU) has formally called on Israel to immediately revoke its recognition of Somaliland, warning that the move threatens Somalia’s sovereignty and risks destabilising the wider Horn of Africa region. In a statement issued after a ministerial meeting of the AU Peace and Security Council in Addis Ababa on Tuesday, the […]
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Wayne Lumbasi Israel has issued a fresh warning to Iran over its ballistic missile program, signalling that it will not allow Tehran to rebuild or expand capabilities it considers a direct threat to its national security. The warning comes amid heightened regional tension and renewed focus on Iran’s military activities following months of confrontation and […]
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