Business

RWANDA’S inflation for the month of June dropped by 28 per cent to 5.92 per cent from 8.32 per cent the previous month, due to drop in food and non-alcoholic beverages, official data indicates.

NAIROBI (Reuters)– Kenya has reduced the price of fuel at the pump by a big margin after prices of crude oil fell in global markets, the country’s energy regulator said on Saturday, signalling that recent drops in the rate of inflation would accelerate.

DAR ES SALAAM, July 15 (Reuters)– Tanzania’s state-run power company has suspended its managing director and three other senior managers over allegations of embezzlement and abuse of office.