Ethiopia Dam Dispute

ECOWAS pledges $1 bln to fight Islamist threat

West African leaders have pledged $1 billion to combat the threat of Islamist militancy in the region, the head of the regional bloc said on Saturday at the end of the extraordinary summit of the Economic Community of West African States (ECOWAS) held in Ouagadougou, Burkina Faso.   The extraordinary summit was attended by the […]

World’s worst-performing currencies: Ghana’s cedi, as Nigeria’s naira, SA’s rand also struggle

Ghana’s cedi slumped over the last three days to become the world’s worst-performing currency this year as investors continued to squeeze foreign capital into the West African country. The currency of the world’s second-biggest cocoa producer depreciated as much as 3.3%, which took its losses this year to more than 45%, the most among 148 […]

Egypt: 24% drop in Russian tourists’ arrival

The number of Russian tourists’ arrival in Egypt has dropped by 23.9% in 2015 compared with 2014 figures. “A total of 2.4 million Russian tourists visited Egypt in 2015, down from 3.1 million in 2014,” an official from the Egyptian Ministry of Tourism indicated Friday. “The sharp decrease is a direct fallout of the downing […]