Egypt's GDP Growth Slows to 2.4 Percent in FY 2023/24

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

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

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

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

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

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

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

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.
Cote d'Ivoire Needs 22 Billion USD to Fight Climate Change

Cote d'Ivoire Needs 22 Billion USD to Fight Climate Change

TEHRAN (ANA)- About 13 trillion CFA francs (nearly 22 billion U.S. dollars) are needed for combating climate change and mitigating its effects in Cote d'Ivoire, a senior official said.
Egypt Calls for Reforming Global Financial System

Egypt Calls for Reforming Global Financial System

TEHRAN (ANA)- Egyptian President Abdel-Fattah al-Sisi called for reforming the structure of the global financial system and boosting the engagement of developing countries in economic decision-making mechanisms.
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