Ethiopia to establish its own stock exchange as the nation’s economy opens up

At least 50 companies are expected to list on the Ethiopian Stock Exchange (ESX), set to launch in two years, which will provide a platform for the privatization of the country’s state-owned enterprises. Three months ago, Ethiopia announced it was in the process of establishing a stock market signaling a window of opportunity for cross-listing. […]

Sudan rejects Iranian offer to build naval base – media

Sudan reportedly rejected an Iranian offer to build a naval base in its coasts in exchange for a helicopter carrier, media reports said. Sudan rejected the offer for fear of Western retribution at a time Iran-backed Houthis wreak havoc to international trade on the Red sea, The Wall Street Journal reported. In seeking a permanent […]

EU willing to co-finance vaccine production unit in Morocco

The European Commission is ready to co-finance a vaccine production unit in Morocco, a spokesperson for the EU Commission said on Thursday, indicating that the unit would serve as a distributor of vaccines in Africa.   “In the event that pharmaceutical companies would make a clear and structured proposal, meeting all the conditions for a […]