Kenya reported a 44% increase in foreign direct investment (FDI) projects in 2017, according to Consultancy EY.
After 20 years of bitter conflict, the border between Eritrea and Ethiopia is officially open for business and merchants are trading freely across the former war zone.
Kenya’s human capital has declined over the past decade and a half, according to figures from the World Bank.
The United Kingdom is calling upon international donors to support the African Union Mission in Somalia (AMISOM) to help the Horn of Africa nation achieve long-term stability.
The European Union (EU) has approved a €100 million ($116m) budget to support Somalia’s government – the first time the EU has dedicated funds to the Horn of Africa nation.
The World Bank has approved $80 million in grants for Somalia to fund public finance reforms – the organisation’s first disbursement to the conflict-ridden country in 30 years.
Ethiopian prime minister Abiy Ahmed says the World Bank will provide $1 billion in budget support for the country over the coming months, thanks to his sweeping reforms since coming into office earlier this year.
Rwanda Development Board (RDB) has revealed that Portugal was the largest external investor in the country in 2017 – accounting for 23.8% of the top ten foreign investors last year. Portuguese firm Mota Engil Engenharia e Construcao Africa is behind
South Sudan has resumed pumping crude oil from Toma South oil field almost five years since operations were halted by the country’s civil war.
Somalia President Mohamed Abdullahi Farmajo arrived in Djibouti on Thursday amid diplomatic tensions between the two Horn of Africa nations.