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.
Kenya's Forex Reserves Near 2-Year High amid Stable Shilling
TEHRAN (ANA)- Kenya's foreign exchange reserves rose for the sixth straight week to hit a near two-year high of 8.19 billion U.S. dollars, the country's apex bank said in its weekly update of the financial markets.
Egypt: Suez Canal Revenue Down by 6 Billion Dollars over Regional Tensions
TEHRAN (ANA)- Egypt has lost $6 billion in Suez Canal revenue due to escalating geopolitical tensions in the region, President Abdel Fattah al-Sisi said.
Ethiopia-Djibouti Railway Launches Livestock Transportation Service
TEHRAN (ANA)- The Chinese-built Ethiopia-Djibouti railway began transporting livestock from central Ethiopia to ports in Djibouti, according to the Ethio-Djibouti Standard Gauge Railway Share Company (EDR).
Cote d'Ivoire Expects Investors to Explore Cashew Industry
TEHRAN (ANA)- At the opening of the investment forum for the cashew industry, held in Abidjan, Ivorian Minister of Agriculture, Rural Development and Food Production Kobenan Kouassi Adjoumani strongly encouraged national and international investors to invest in the cashew sector in Cote d'Ivoire.
Ghana's Inflation Down to 20.4 Percent in August
TEHRAN (ANA)- The Ghana Statistical Service (GSS) announced a further drop in the country's inflation rate to 20.4 percent in August, 0.5 percentage points lower than the 20.9 percent recorded a month earlier.
Kenya's Economy to Grow by 5.7 Percent in 2024
TEHRAN (ANA)- Kenya's economy is forecast to grow by 5.7 percent in 2024, up from 5.6 percent in 2023, according to a report released by a government-owned think tank.