Ethiopia
National bank of Ethiopia adjusts gold purchase price, again
National bank of Ethiopia adjusts gold purchase price, again Following the liberalization of the country's foreign exchange market, the National …
world
South African inflation stable but still above central bank objective
Data released on Wednesday indicated that South African inflation remained constant in May, but as long as it stays above the target range set by the…
Business
Safaricom Ethiopia sets more than $1.5bn to triple network coverage in three years
Despite the challenges presented by security concerns, Safaricom Telecommunications Ethiopia has plans to triple its telecom tower network over the…
Ethiopia
Ethiopia signs $600 mln wind farm deal with UAE'S AMEA Power
Ethiopia's finance ministry announced on Sunday that the country has inked a $600 million deal with AMEA Power of the United Arab Emirates t…
Ethiopia
Ethiopia secures $1.5bn in debt relief
Mamo E. Mihretu is the 10th Governor of the National Bank of Ethiopia (NBE). The two-year conflict in the northern region of Tigray has had a nega…
Business
Kenyan shilling weakens; oil retailer dollar demand weighs
According to dealers, a rise in demand for dollars from oil retailing companies caused the Kenyan shilling to lose value on Wednesday. Commer…
Ethiopia
Ethiopian Airlines to resume flights to war-torn Tigray capital
The first commercial flights to Tigray in around 18 months will begin on Wednesday, according to a statement from Ethiopian Airlines , which will a…
kenya
Kenya injects first dispatch of Ethiopia power into national grid
Kenya injected the first dispatch of cheaper hydropower imported from Ethiopia into the national grid last week, rolling out the plan that is expec…
Business
Nigeria's annual inflation rises to highest level since 2005
Yam sellers arrange yam tubers in stacks for sale at Bodija market in Ibadan, Oyo, Nigeria August 2, 2022. REUTERS/Temilade Adelaja According to of…
Business
Zimbabwe to introduce gold coins as local currency tumbles
Zimbabwe's president, Emmerson Mnangagwa, in Kenya, in March. Annual inflation, which hit almost 192% in June, has cast a shadow over his attempt…
Business
South African rand slips amid extended power cuts
South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg, File. REUT…
Business
European Parliament advocates equalizing EU trade relations with Africa
Africa exports primary goods to Europe, while importing higher-valued manufactured goods The use of trade policy to equalize ties between African…
Egypt
Egypt expects Suez Canal revenues to hit $7 billion by end of fiscal year
A shipping container passes through the Suez Canal in Suez, Egypt February 15, 2022. Picture taken February 15, 2022. REUTERS/Mohamed Abd El Ghany …
world
key aspects of Syrian political crisis
The Syrian political crisis is a complex and ongoing conflict that began in 2011. It s…
