The South African Reserve Bank (SARB) has enacted a 0.25% interest rate cut, marking a third consecutive reduction. This decision, driven by the Monetary Policy Committee, reflects efforts to ease financial stress on South African citizens. Despite varied opinions within the committee, the rate was adjusted to 7.5%, balancing near-term stable inflation with mid-term uncertainties. The move is part of broader strategies to foster economic growth amid global and domestic challenges.
A significant fire erupted at the University of Nairobi's Taifa Hall, devastating the historic building on Wednesday night. The flames, originating from a kitchen in the building, spread to the administration wing, causing extensive damage. While the fire was contained initially, it reignited, requiring further firefighting efforts, but no injuries were reported. The incident has caused public concern ahead of exams, with investigations underway to find the cause.
Sheffield United falls three points behind in the promotion race after a 2-1 defeat to Sunderland. Despite an initial opportunity with a penalty, Sunderland's Anthony Patterson saved Kieffer Moore’s shot, and Sunderland struck first through Eliezer Mayenda. A brief comeback featured an own goal equalizer, but revealed defensive vulnerabilities as Wilson Isidor quickly restored Sunderland's lead. The tight match highlighted Sunderland's steadfast defense against Sheffield's pressure.