Kenya has sold its first export of crude oil to a Chinese state-owned petroleum multinational firm.
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.
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
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.
Tanzania and Zambia have settled plans to build a $1.5 billion oil pipeline between the two countries, according to Tanzania’s energy minister.
Kenya President Uhuru Kenyatta has announced the country will introduce a new generation of banknotes in an effort to curb corruption.
Keyna has requested a loan of $750 million from the World Bank to fund housing, agriculture and other development projects.
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.
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.
Ethiopia generated $1.4 billion USD from tourism revenue in the second half of 2018, state-affiliated broadcaster FBC reported on Wednesday.