Revenues of Egypt's Suez Canal Drop by 57.2 Percent Due to Red Sea Tension

Revenues of Egypt's Suez Canal Drop by 57.2 Percent Due to Red Sea Tension

TEHRAN (ANA)- The Suez Canal transit receipts decreased by 57.2 percent to register 959.3 million U.S. dollars in the first quarter of 2024, according to a statement released by the Central Bank of Egypt (CBE).
Kenya Launches Strategic Plan to Boost Dairy Exports

Kenya Launches Strategic Plan to Boost Dairy Exports

TEHRAN (ANA)- Kenya unveiled a five-year strategic plan aimed at enhancing the country's dairy exports.
El-Nino-Induced Drought Reduces Botswana's GDP by 38 Percent

El-Nino-Induced Drought Reduces Botswana's GDP by 38 Percent

TEHRAN (ANA)- El-Nino-induced drought during the 2023/2024 cropping season has reduced Botswana's gross domestic product (GDP) by 38 percent, said a local climate change advocacy organization in its recent report.
Ethiopian Parliament Approves Record Budget for 2024/2025 Fiscal Year

Ethiopian Parliament Approves Record Budget for 2024/2025 Fiscal Year

TEHRAN (ANA)- The Ethiopian House of Peoples' Representatives (HoPR), the lower house of parliament, approved a record budget of 971.2 billion Ethiopian birrs (about 16.83 billion U.S. dollars) for the 2024/2025 Ethiopian fiscal year, commencing on July 8.
FM: Tunisia Loses over 1.2 Billion USD Annually due to Illicit Financial Flows

FM: Tunisia Loses over 1.2 Billion USD Annually due to Illicit Financial Flows

TEHRAN (ANA)- Tunisia loses over 1.2 billion U.S. dollars annually due to illicit financial activities such as tax evasion, organized crimes, terrorism, and so on, Foreign Minister Nabil Ammar said.
IMF Approves 569.7 Million USD Disbursement for Zambia

IMF Approves 569.7 Million USD Disbursement for Zambia

TEHRAN (ANA)- The International Monetary Fund (IMF) Executive Board has approved the third review of Zambia's extended credit facility, greenlighting an immediate disbursement of about 569.7 million U.S. dollars, a senior government official said.
UN: Thousands in South Sudan Facing Catastrophic Level of Food Insecurity

UN: Thousands in South Sudan Facing Catastrophic Level of Food Insecurity

TEHRAN (ANA)- South Sudan faces a "perfect storm" of violence, floods, an economic crisis and hunger, with 79,000 people in Jonglei State facing catastrophic food insecurity, UN humanitarians said.
Namibia Cuts Debt-to-GDP Ratio amid Economic Slowdown

Namibia Cuts Debt-to-GDP Ratio amid Economic Slowdown

TEHRAN (ANA)- Namibia has reduced its central government debt as a percentage of gross domestic product (GDP) to 66 percent at the end of March 2024, down from 67.2 percent a year earlier, despite a slowdown in economic growth, the central bank said in a statement.
IMF Slashes Zimbabwe's Growth Forecast due to El Nino-Induced Drought

IMF Slashes Zimbabwe's Growth Forecast due to El Nino-Induced Drought

TEHRAN (ANA)- Zimbabwe's economic growth is expected to decelerate to 2 percent in 2024 from 5.3 percent last year due to the effects of an El Nino-induced drought, the International Monetary Fund (IMF) said.
Kenya's Exports to African Nations Up 16.5 Percent in Q1

Kenya's Exports to African Nations Up 16.5 Percent in Q1

TEHRAN (ANA)- Kenya's exports to other African countries rose 16.5 percent to 113.1 billion shillings (about 874 million U.S. dollars) in the first quarter of 2024 from 749 million dollars during a similar period in 2023, the Central Bank said in an economic report.
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