Kenya's Forex Reserves Swell to Record 8.5 Billion USD
TEHRAN (ANA)- Kenya has accumulated about one billion U.S. dollars in foreign exchange reserves over the past few weeks, raising the total to a record high of 8.49 billion dollars as, the Central Bank of Kenya (CBK) said.
Egypt Revises Down Renewable Energy Share Target to 40 Percent by 2040
TEHRAN (ANA)- Egypt has revised its target for the renewable share of energy mix to 40 percent by 2040, from the previous 58 percent, Egyptian Minister of Petroleum and Mineral Resources Karim Badawi said.
Ethiopia's Economy Up over 8 Percent for Past Fiscal Year
TEHRAN (ANA)- The Ethiopian government has announced that the country's economy grew over 8 percent in its fiscal year, which ended on July 7.
Kenya's Economy Up 4.6 Percent in Q2
TEHRAN (ANA)- Kenya's economy expanded 4.6 percent in the second quarter of 2024, a slowdown from the 5.6 percent growth recorded in a similar period the previous year, the country's national statistics bureau said.
Ghana's Inflation Climbs to 21.5 Percent in September
TEHRAN (ANA)- Ghana's annual inflation rate rose to 21.5 percent in September from 20.4 percent in August, Ghana Statistical Service (GSS) said.
Zambia Draws 58-Million-USD Investment in Digital Infrastructure
TEHRAN (ANA)- Zambia has attracted a total investment of about 58 million U.S. dollars in digital infrastructure following the removal of tax on importation of equipment for digital infrastructure in 2021, a senior government official said.
Egypt's Foreign Debt Down to below 153 Billion USD
TEHRAN (ANA)- Egyptian Prime Minister Mostafa Madbouly said that Egypt's external debt declined by more than 15 billion U.S. dollars in six months to go below 153 billion dollars, the Egyptian cabinet said in a statement.
Ethiopia's Central Bank Grants Licenses to First-Ever Independent FX Bureaus
TEHRAN (ANA)- The National Bank of Ethiopia (NBE) has announced that it has granted licenses to five non-bank companies to operate as Ethiopia's first-ever independent foreign exchange (FX) bureaus.
Egypt's GDP Growth Slows to 2.4 Percent in FY 2023/24
TEHRAN (ANA)- The growth rate of Egypt's gross domestic product slowed to 2.4 percent in the fiscal year 2023/24 that ended in June, down from 3.8 percent in the previous fiscal year, according to a statement released by the country's Ministry of Planning and Economic Development.
Ghana Achieves over 90 Percent External Debt Restructuring
TEHRAN (ANA)- Ghana said it has achieved more than 90 percent restructuring of its external debt since the beginning of the debt restructuring process in December 2022.