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Ethiopia eyes 3 million jobs in 2019-20; Economic growth expanded 9.2% in 2018-19

Ethiopia plans to create about 3 million jobs in the 2019-2020 fiscal year. The announcement was made by Prime Minister Abiy Ahmed while he was presenting the country’s annual report to the House of Peoples’ Representatives at the national parliament. In his address, he raised issues on sustaining economic development and peace and security, as […]

Egypt-USA: White House Sets Six Conditions before Release of Military Aid

The US Administration has set six conditions to be met by Cairo before it unfreezes the military aid it cut last week, London-based The New Arab reports. Washington decided last week to delay $195m in military aid to Cairo because of concerns over Egypt’s human rights record, the ratification in May by President al-Sisi of […]

Morocco’s Holmarcom sets eyes on Credit du Maroc

Moroccan insurance and real-estate company Holmarcom seeks to buy stakes held by Paris-based Credit Agricole in its Moroccan branch Credit du Maroc. In a statement, Holmarcom said it has started negotiations but added that there is no “uncertainty”. The deal, if completed, will bolster Holmarcom standing as one of leading insurance companies in the country […]