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Costly transport pushes inflation to second-highest level in 30 months

Nairobi, July 31 -- Kenya's average year-on-year consumer inflation rose to 6.5 percent in July, the second-highest level in 30 months, largely on elevated transport costs. Data by the Kenya National... Read More


Nine-year FBME liquidation completes, Tanzanian depositors to receive 100 percent of funds

Tanzania, July 31 -- Morogoro. Tanzanian customers whose deposits were frozen following the closure of FBME Bank Limited will receive 100 percent of their money after the Deposit Insurance Board (DIB)... Read More


IMF commends TRA reforms, backs Tanzania's tax administration efforts

Tanzania, July 31 -- Dar es Salaam. The International Monetary Fund (IMF) has commended the Tanzania Revenue Authority (TRA) for strengthening tax administration and improving engagement with taxpayer... Read More


SCLR Extension Nears Completion Linking BKC With Signal-Free Route

Mumbai, July 31 -- The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a dire... Read More


Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Mumbai, July 31 -- Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in Nort... Read More


Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Mumbai, July 31 -- Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar i... Read More


Seven New Bullet Train Corridors Planned After Mumbai-Ahmedabad

Mumbai, July 31 -- The central government is planning seven new high-speed rail corridors following the Mumbai-Ahmedabad project with the Delhi-Varanasi line among priority routes. The Delhi-Varanasi ... Read More


Hindustan Zinc Sets Rs 50 Billion Capex For FY27

Mumbai, July 31 -- Hindustan Zinc plans Rs 50 billion capex for fiscal 2027, with the company indicating this equates to roughly $500-600 million. The chief executive, Arun Misra, said about 80 per ce... Read More


Government Plans 44 Airports For Hub And Spoke Flights

Mumbai, July 31 -- The government has outlined plans to establish a network of 44 airports, including four hub airports, to improve international connectivity and strengthen the aviation ecosystem. A ... Read More


Bhogapuram Airport to Spur North Andhra Development

Mumbai, July 31 -- The northern part of Andhra Pradesh will reach a major development milestone with the commissioning of the Alluri Sitarama Raju International Airport at Bhogapuram in Vizianagaram d... Read More