EBRD

Rough waters: EAC firms brace for costly imports as freight ships shun Red Sea

East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]

IMF projects Kenya to dethrone Ethiopia as East Africa’s largest economy in 2025

Kenya is set to become East Africa’s largest economy by 2025, overtaking Ethiopia, according to new projections from the International Monetary Fund (IMF). The IMF forecasts Kenya’s GDP will reach $132 billion, surpassing Ethiopia’s projected $117 billion. This shift is driven by divergent economic strategies. Ethiopia’s decision to devalue its currency, the birr, by over […]

Has Algeria begun preparing its public opinion for a policy reversal on the Sahara Issue?

The recent US-facilitated talks in Madrid mark a significant development in the long-standing Sahara dispute. For the first time in years, Algeria returned to the negotiating table alongside Morocco. The autonomy plan was the only proposal on the table. This diplomatic shift appears to have immediate reverberations inside Algeria. Notably, President Abdelmadjid Tebboune made no […]