Friday , 2 January 2026

Recent Posts

Uganda keeps interest rate at record low of 9%

Bloomberg Uganda’s central bank maintained the benchmark interest rate at a record low as risks to the east African nation’s inflation outlook remain balanced. The key rate was kept at 9 percent, Governor Emmanuel Tumusiime-Mutebile told reporters on Monday in the capital, Kampala. Inflation slowed to 2 percent in March, the weakest level since 2014, and the risks to the …

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Barclays Africa to split into four units in growth strategy

Bloomberg Barclays Africa Group Ltd., South Africa’s third-biggest bank, will split into four operating units as the lender outlines its growth strategy after the sale by its UK parent. The Johannesburg-based firm will separate retail and business banking, investment banking, wealth and insurance, and its operations in the rest of Africa, it said in a statement on Monday. Deputy Chief …

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JetBlue extends bet on balky Pratt engine with $2bn deal

Bloomberg JetBlue Airways Corp. reaffirmed its faith in Pratt & Whitney’s troubled jet engine with an order for another 97 to power new Airbus SE planes. The airline will take a total of 183 geared turbofan power plants, increasing an earlier decision to buy 86 engines for its A320neo family of aircraft, JetBlue said. While the carrier didn’t disclose the …

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