Africa
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
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
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
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
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
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
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.
Morocco Airports Receive over 12.3 Million Passengers during Jan-May
TEHRAN (ANA)- Morocco's airports recorded a commercial traffic volume of 12,353,496 passengers in the first five months of 2024, witnessing a 19-percent increase year-on-year, the Moroccan Airports Authority (ONDA) said.
Zambia Restarts 105 MW Heavy Fuel Oil Plant to Combat Energy Deficit
TEHRAN (ANA)- Zambia restarted operations at a plant that will generate 105 megawatts of electricity from heavy fuel oils, aiming to address the current energy deficit in the country.
Kenya's Horticulture Exports Up 14 Percent in Q1
TEHRAN (ANA)- Kenya's earnings from horticulture exports rose 14.3 percent in the first quarter of 2024, boosted by increased shipments to markets in Europe and Asia, the Central Bank said in new economic data.
