The Ethiopian government and the United Nations Industrial Development Organisation (UNIDO) have joined hands to boost efficiency in the coffee value chain. As part of the cooperation, the Ethiopian Ministry of Agriculture and UNIDO inked a cooperation agreement worth ten million Euros ($9,929,400) to facilitate loans to stakeholders engaged in the coffee value chain, state-affiliated […]
Saudi Arabian state oil producer Aramco, on Tuesday, posted a 39 per cent jump in its third-quarter net income that beat analysts’ forecasts, boosted by higher crude oil prices and volumes sold. Aramco’s net income rose to $42.4 billion for the three months to Sept. 30 from $30.4 billion a year earlier, it said in […]
Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose 73 cents, or 0.8 per cent, to $93.54 a barrel at 0406 GMT […]
Ghana required a minimum of two billion U.S. dollars in capital investments to achieve the Sustainable Development Goal (SDG) on universal sanitation coverage, a senior official has said. Amidu Issahaku Chinnia, Deputy Minister for Sanitation and Water Resources, announced the figure in his keynote address at the annual national conference of the water, sanitation and […]
Kenya’s African Union (AU) peace envoy, Uhuru Kenyatta, has called for a ceasefire in the eastern Democratic Republic of the Congo (DRC) where fighting has led to the loss of lives and property as well as mass displacements. Kenyatta, the former Kenyan President who is also the East African Community (EAC) facilitator of the Inter-Congolese […]
President Nana Addo Dankwa Akufo-Addo of Ghana has outlined measures to halt the depreciation of the country’s currency, cedi. Akufo-Addo announced these measures in a televised nationwide address, blaming the COVID-19 pandemic and the Russian-Ukrainian conflict for the country’s economic woes. He also blamed currency speculators and unlicensed currency dealers dubbed as “black market operators” […]
The Intergovernmental Authority on Development (IGAD) has condemned the deadly terrorist attack in Mogadishu, the capital of Somalia. “IGAD is deeply saddened by the loss of lives caused by the terrorist attack in Mogadishu, Somalia; and condemns this heinous crime in the strongest terms,” the eight-member East African bloc said on Saturday. Twin car […]
The recent devastating floods in Pakistan have inflicted damage and losses of over $30 billion to the South Asian country, the Ministry for Planning, Development and Special Initiatives said in a report on Friday. The damage, loss and needs assessment following the unprecedented floods in Pakistan calls for rebuilding based on the principles of the […]
The death toll has risen to 42 and more people were found missing after a strong overnight downpour flooded a number of towns in the Maguindanao province in the southern Philippines, a local official said Friday. Naguib Sinarimbo, interior and local government minister of Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), said 27 people were […]
The World Bank has approved $275 million in concessional financing targeted at securing support for fiscal stabilisation and accelerated economic growth programs, a senior government official has said. Situmbeko Musokotwane, the Minister of Finance and National Planning said the approval was granted through the World Bank’s International Development Association (IDA) at a meeting of its […]