Tag Archives: Economy

16 August 19

Kenya sells first crude oil export – to China

Kenya has sold its first export of crude oil to a Chinese state-owned petroleum multinational firm.

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18 July 19

World Bank contradicts Tanzania’s economic growth estimates

The World Bank says Tanzania’s economy grew by 5.2 percent in 2018, contradicting the country’s finance minister who told parliament last year that growth stood at 7 percent.

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08 July 19

Is 2019 the year of positive change in the Horn of Africa?

Last year, the geopolitical landscape in the Horn of Africa was turned on its head with the signing of a peace deal between long-time war enemies, Eritrea and Ethiopia. The peace agreement sent a ripple effect throughout the entire peninsula
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02 July 19

Ethiopia: PM defends reform policy, warns ‘coup’ plotters

Ethiopian prime minister Abiy Ahmed has defended his reform policy and issued a strong warning to anyone interested in toppling his government following a coup attempt in the Amhara region.

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04 June 19

Tanzania, Zambia agree $1.5 billion oil pipeline deal

Tanzania and Zambia have settled plans to build a $1.5 billion oil pipeline between the two countries, according to Tanzania’s energy minister.

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03 June 19

Kenya to issue new banknotes in battle against corruption

Kenya President Uhuru Kenyatta has announced the country will introduce a new generation of banknotes in an effort to curb corruption.

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28 May 19

Kenya asks World Bank for $750 million development loan

Keyna has requested a loan of $750 million from the World Bank to fund housing, agriculture and other development projects.

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23 April 19

Tanzania blocks IMF report criticising government policies

Tanzania has refused to authorise the publication of a report by the International Monetary Fund (IMF) that criticises the government’s policies and their impact upon the economy.

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10 April 19

Tanzania: IMF cuts 2019 economic growth forecast to 4 percent

The International Monetary Fund (IMF) has cut its forecast for Tanzania’s economic growth for this year and 2020 to four percent, down from previous expectations.

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23 February 19

Ethiopia earned $1.4 billion from tourism in second half of 2018

Ethiopia generated $1.4 billion USD from tourism revenue in the second half of 2018, state-affiliated broadcaster FBC reported on Wednesday.

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