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Tag: East Africa
Ethiopia emerges as top FDI destination in East Africa, surpassing Kenya, Uganda
Ethiopia attracted a staggering $3.3 billion in foreign direct investments (FDI) in 2023, surpassing its neighbors Kenya and Uganda, and hence has emerged as the ... Read More
East Africa bracing for fresh wave of interest rate hikes fueled by Red Sea crisis
East African central banks are being forced to hike interest rates to contain renewed inflationary pressures emanating from surging shipping and insurance costs due to ... Read More
East Africa’s weakening currencies don’t improve trade balances, defying economic theories
The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic ... Read More
EU’s Green Deal to have dire implications for East African farmers — study
As the EU executive is adopting intermediate proposals in its international climate policy as outlined in the European Green Deal, this will have serious and ... Read More
East Africans’ real income to rise under AfCFTA — World Bank
East Africa is set to benefit from swift implementation of the African Continental Free Trade Area (AfCFTA), according to the World Bank, and this will ... Read More
FAO progresses in fight against locusts in East Africa, Yemen; challenges remain
The Director-General of the Food and Agriculture Organization (FAO), QU Dongyu, said this Monday May 11 that significant gains had been made in the fight ... Read More
Attijariwafa Bank to Expand Operations to East Africa
Moroccan Attijariwafa Bank group, which is already present in North Africa and West Africa, is planning to set foot in East Africa through new acquisitions ... Read More