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Uganda’s central bank has launched a domestic gold purchase programme aimed at strengthening the country’s foreign exchange reserves and reducing exposure to global financial volatility. The Bank of Uganda confirmed on Tuesday that the initiative, which had its first buy last Friday, will see the central bank buy gold directly from local miners and refiners. The move marks a shift in reserve management strategy, as the country seeks to diversify away […]

Bulgaria’s former president, Rumen Radev, has secured a sweeping victory in the country’s parliamentary elections, positioning himself to form the first single-party government in nearly three decades and potentially reshaping the nation’s political direction. Radev, a former fighter pilot and widely known for his Russia-friendly views, won the largest share of the vote seen in a generation. His win follows years of political instability in Bulgaria, which has endured eight […]

New Zealand has declared a state of emergency in its capital after intense rainfall triggered flash flooding, landslides, and widespread disruption across the city. Authorities took the step following a sudden deluge that saw around 77mm of rain fall in less than an hour, overwhelming drainage systems and inundating streets, homes, and key infrastructure. Emergency services responded to dozens of incidents overnight, including flooded properties, blocked roads, and damaged buildings. […]

Algeria has launched a new round of oil and gas exploration bids aimed at attracting foreign investment and boosting production, as global energy markets remain under pressure from the ongoing conflict in the Middle East. The initiative, announced as part of what authorities are calling the “Algeria Bid Round 2026,” offers seven exploration blocks across key regions in the south and southeast of the country. Officials say the areas contain […]