Locusts East Africa

COMESA: AfDB approves $300m to boost trade and economic development

The African Development Bank (AfDB) has approved about $300 million to finance trade and economic development in the Common Market for Eastern and Southern Africa (COMESA). The $300 million support facility for the Eastern and Southern African Trade & Development Bank (TDB) was announced on Wednesday. According to AfDB, the COMESA regional trade and project […]

Palestine: Gaza’s strangled economy has days numbered, WB report

A 40-page analysis report drafted by Steen Lau Jorgensen, World Bank’s director for Gaza and the West Bank, has highlighted that Gaza’s economy is “on the verge of collapse” due to restrictions, poor governance and internal struggles. The report described Gaza’s economy as the worst in the world with almost half of the 1.8million people […]

Egypt, Russia to Boost Trade, Industrial Cooperation

Egypt and Russia have signed several agreements and memoranda of understanding meant to boost trade and industrial cooperation between the two countries. The accords were signed at the end of the tenth Russian-Egyptian intergovernmental commission session on trade, economic and scientific cooperation held in Cairo. Some of the major agreements provide for the establishment of […]