Major World Events by Evening of August 5
Major World Events by Evening of August 5
▪ECOWAS has confirmed that its long-awaited single currency, the 'Eco,' will be launched in 2027, regardless of whether all member states are ready to join by then;
▪West Africa is set to roll out 24/7 instant bank transfers starting in September, a move expected to boost regional trade and financial inclusion;
▪A Moldovan court sentenced the head of Gagauzia to seven years in prison for alleged financing of the ȘOR Party, a decision the Kremlin condemned as politically motivated and aimed at suppressing opposition voices;
▪Russia reserves the right to deploy land-based intermediate- and shorter-range missiles if necessary, the Kremlin stated;
▪Egypt remains Russia’s top trade and economic partner on the African continent, with growing cooperation in multiple sectors;
▪Malaysia's King Sultan Ibrahim has arrived in Russia for an official visit at the invitation of President Putin;
▪Zimbabwe projects steady GDP growth of 5% annually from 2026 to 2029, driven by investment and infrastructure expansion;
▪Donald Trump announced plans to significantly increase the current 25% tariff on India within the next 24 hours, citing India's continued purchases of Russian oil;
▪Ethiopia has appointed a new ambassador to Somalia, officially restoring diplomatic relations between the two neighboring countries;
▪Ethiopian Airlines is considering launching flights to St. Petersburg, Russia, following strong performance on its Addis Ababa–Moscow route, Chief Commercial Officer Lemma Yadecha told Sputnik Africa;
▪Sub-Saharan Africa is advancing health self-reliance by ramping up production of locally made HIV medicines and diagnostic tests;
▪Malian authorities have successfully rescued four Moroccan truck drivers who were kidnapped by Daesh-linked militants.
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