21-Jan-2023 to 17:09

East Africa economic growth will return to pre-Covid level - AfDB

APA-Addis Ababa (Ethiopia) — East Africa’s economic growth is projected to return to a pre-pandemic level with a gross domestic product (GDP) averaging above 5 percent in 2023 and 2024, according to an African Development Bank (AfDB) report.

Read more

20-Jan-2023 to 09:49

AfCFTA key in cushioning African LDCs from external shocks - ECA’s Karingi

APA-Addis Ababa (Ethiopia) — The Economic Commission for Africa (ECA) is supporting regional trade integration through the African Trade Exchange Platform (ATEX), a platform enabling bulk procurement of commodities.

Read more

20-Jan-2023 to 09:34

President Ruto: Africa must take charge of its development

APA-Nairobi (Kenya) — Kenyan President William Ruto has exhorted Africa to take full charge of its development.

Read more

20-Jan-2023 to 09:06

Ethiopia discovers estimated 2b barrels of crude

APA-Addis Ababa (Ethiopia) — An estimated two billion barrels of crude oil has been discovered in the Abay river basin of Ethiopia, mining sector’s top official has disclosed.

Read more

19-Jan-2023 to 11:58

UEMOA estimates savings rate at 20pc of GDP

APA - Abidjan (Cote d’Ivoire) — The West African Financial Market Authority of the West African Monetary Union (AMF-UEMOA), wants to ensure financial education of the population and enable them to have a stock market culture.

Read more

19-Jan-2023 to 11:51

Moroccan apex bank denies dirham depreciation

APA - Rabat (Morocco) — The Moroccan Central Bank has denied any depreciation of the local currency, the dirham, against the euro and the dollar, reports said on Thursday.

Read more

19-Jan-2023 to 09:36

UAE to develop 500 MW from solar energy in Ethiopia

Ethiopia- Energy — Ethiopia has entered into an agreement with UAE’s renewable energy company Masdar to jointly develop two solar photovoltaic (PV) plants with a combined capacity of 500 megawatts (MW) in the East African nation.

Read more