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Africa

Africa losing Sh9.71 trillion through unfair credit ratings, Ruto tells UN
Africa

Africa losing Sh9.71 trillion through unfair credit ratings, Ruto tells UN

President William Ruto told the UN General Assembly that Africa has lost about Sh9.71 trillion through higher interest charges and missed lending opportunities linked to sovereign credit ratings, citing a UNDP estimate. He argued developing countries face higher borrowing costs than developed economies and urged fairer risk assessment.

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African trade unions demand greater worker role in AfCFTA implementation
Africa

African trade unions demand greater worker role in AfCFTA implementation

The call was made in Nairobi on Wednesday by the Central Organisation of Trade Unions (COTU-K) and the African Regional Organisation of the International Trade Union Confederation (ITUC-Africa), alongside trade union representatives from Ghana, Namibia, Rwanda, Chad, South Africa, Nigeria, Zambia and Sierra Leone.

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