Saturday, July 18

Countries

Economic successes of the late President Mwai Kibaki. www. theexchange.africa

The late President Mwai Kibaki championed the realization and objectives of the East African Community common market of trade liberalization for the citizens of the partner states in EAC. Currently, the EAC has grown to seven member states, significantly disrupting the trade balances in Africa.

President Mwai Kibaki’s administration conceptualized and spearheaded free primary education, infrastructure development in transport and energy, and fought for availability and access to healthcare in the country.

He introduced the Constituency development fund program (CDF) that has, over the years, funded education, health and water installation in all parts of the East African country.

Zimbabwe economic crisis

Prices of essential and non-essential commodities will increase as fuel and gas prices skyrocket due to dwindling supplies. Air and marine freight prices have increased significantly. As a result, customers should brace for price increases caused not by the government’s actions but by direct and indirect conflict repercussions.

Numerous businesses have been forced to reduce or halt output due to the economic crisis. Zimbabwe is in danger of exhausting what remains of its productive capability unless drastic measures are taken to pique the interest of foreign investors.

Russia is the world’s second-largest supplier of petroleum products. Now that they are embroiled in a conflict with Ukraine, they cannot supply numerous markets, resulting in supply limits. When supply falls far behind demand, prices tend to rise, which is our situation.

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