Egypt, US FMs discuss Gaza crisis, Nile water security
Egyptian Foreign Minister Badr Abdel-Aty held talks on Wednesday in Washington with US Secretary of State Marco…
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Ethiopia
AfDB cuts Africa’s ’25 growth forecast to 3.9%
The African Development Bank (AfDB) has cut its 2025 economic growth forecast for Africa to 3.9 per cent, down from…
China’s GS Global to build $15m garment factory in Egypt’s West Qantara
Egypt’s Suez Canal Economic Zone (SCZone) has signed a $15 million agreement with Chinese apparel manufacturer GS…
Ethiopia signs $1.7b energy, mining deals with Chinese firms
Ethiopia secured investment agreements worth more than $1.7 billion for its minerals and energy sectors, largely…
Egypt takes part in BRICS space agency meeting
The Egyptian Space Agency’s (EGSA) CEO Sherif Sedky participated in a meeting of space agency leaders from BRICS…
Egypt, Sudan reaffirm commitment to trilateral GERD negotiations
Egypt and Sudan have reiterated their commitment to keeping discussions on the disputed Grand Ethiopian Renaissance…
Egypt’s PM affirms important role of African Peer Review Mechanism
Egypt’s Prime Minister Dr Moustafa Madbouly has affirmed the important role of the African Peer Review Mechanism…
Egypt, Seychelles discuss boosting investment, capacity building
Egypt aims to strengthen economic and development ties with Seychelles, focusing on trade, investment,…
Ethiopia parliament backs $4.8b spending increase
Ethiopian lawmakers approved on Tuesday a government plan to increase spending by $4.8 billion for the 2024/25…
World Bank ‘cautiously optimistic’ about Djibouti’s economic outlook
The World Bank’s latest outlook for Djibouti remains "cautiously optimistic," with projected annual GDP growth of…
WHO, partners offer $1.5b to world vulnerable communities
The World Health Organization (WHO), in partnership with several multilateral development banks (MDBs), has…
UAE’s AMEA Power signs 300MW wind farm deal in Ethiopia
Ethiopia signed on Saturday a power purchase and a project implementation agreement with UAE’s AMEA Power to…
FAO, EU launch €47m programme for E. African pastoralists
The Food and Agriculture Organisation (FAO) and the European Union (EU) have launched a €47 million programme to…
Ethiopia IMF deal paves way for debt retractation – FinMin
Ethiopia's $3.4 billion financing agreement with the International Monetary Fund (IMF) sets the stage for the…
National Bank of Ethiopia lifts FX restrictions
The National Bank of Ethiopia lifted restrictions on the foreign currency market on Monday, a crucial move to…
Malaysia wants BRICS membership – PM
Malaysia has applied to join BRICS, confirmed by Prime Minister Anwar Ibrahim in a meeting with Russian Foreign…
BRICS to establish joint geological platform
The BRICS countries, with Egypt's participation, have agreed to establish a joint geological platform aimed at…
Egypt remains Africa’s top investment destination – UNCTAD
Egypt has been named Africa's top destination for foreign investment for the second consecutive year, according to…
Ethiopia nears $10.5b support agreement
Ethiopia is set to receive $10.5 billion in support over the next few years if negotiations with the International…
S. Korea inks multi-billion-dollar loan deals with Tanzania, Ethiopia
South Korea's summit with African leaders is resulting in major economic deals, as Tanzania and Ethiopia signed…
Thailand seeks entry into BRICS
Thailand targets BRICS membership this month to enhance its global standing alongside Brazil, Russia, India, China…
Huawei launches $300m cloud zone in Egypt
Huawei Cloud has launched its first cloud zone in Egypt, investing $300 million to become the first company…
Vodacom’s profits dip 10.8% on Ethiopia startup costs
Vodacom Group reported a 10.8 per cent decline in full-year earnings on Monday, citing start-up losses in Ethiopia…
Africa’s high debt service stalls 2030 agenda progress – UN
Africa is grappling with multiple crises, including a 183 per cent debt increase since 2010, quadruple the region’s…
Ethiopia-Djibouti railway earns $50m in 9 months
The China-built Ethiopia-Djibouti railway has been successful, generating 2.84 billion Ethiopian birrs ($50…
IMF board passes amendment to grant more freedom to assist countries in crisis
The International Monetary Fund's (IMF) Board has approved a significant amendment aimed at granting it greater…
Paris Club pushes Ethiopia’s IMF deal deadline to June
The Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia's deadline to…
Africa’s sovereign bond rally continues unabated
Africa's sovereign bond rally continues unabated, with prices reaching nearly two-year highs in countries like…
Bayer to outsource 3rd party for business in Africa
Germany's Bayer announced that it would hire a third party to distribute its pharmaceuticals in four African…
BRICS expands: Egypt and 4 more countries to join as of January 1
The BRICS group is doubling its membership on January 1, as the UAE, Saudi Arabia, Egypt, Iran, and Ethiopia will…
AfDB withdraws international staff from Ethiopia over Oct. unlawful arrest
On Wednesday, the African Development Bank (AfDB) announced its decision to withdraw its international staff from…
Ethiopia: Egypt maintained colonial era mentality
The Ethiopian Foreign Ministry said in its statement on the 4th round of trilateral negotiation on the Grand…
Egypt seeks binding deal as GERD talks reach critical stage
The fourth round of talks concerning the pivotal Grand Ethiopian Renaissance Dam (GERD) issue resumed on Monday,…
War rape survivors face family rejection in Ethiopia
Over 100,000 women who became victims of rape during the two-year civil war in the northern Tigray region of…
The world embraces coffee on International Coffee Day
The world is celebrating International Coffee Day which is celebrated to appreciate the coffee's journey from farms…
Egypt, Ethiopia, Sudan resume Nile dam talks
Egypt ,Ethiopia and Sudan resume talks on Nile dam on Sunday in Ethiopia’s capital, the Ethiopian Foreign Ministry…
Egypt to be full member of BRICS starting January 2024
South African President Cyril Ramaphosa declared an invitation to Egypt, Ethiopia, Argentina, Iran, Saudi Arabia,…
Egypt, Kenya mull preparations for Africa Climate Summit
Egypt’s Environment Minister Yasmin Fouad has discussed with her Kenyan counterpart Soipan Tuya points that would…
Ethiopia inks $400 mln financing deal with World Bank
The World Bank (WB) has signed a financing agreement with Ethiopia of a total $400 million to boost human capital…
Top 10 African countries with highest economic mobility based on visa-free travel in 2023
A report done by Henley & Partners which ranks all passports in the world in terms of their Henley Passport…