Africa
Zambia Power Utility Extends Daily Power Supply to 7 Hours
TEHRAN (ANA)- Zambia's national power utility has announced that consumers will have a power supply for seven hours a day, up from three hours.
Botswanan Economy Slips into Recession as Diamond Sector Falters
TEHRAN (ANA)- Botswana's economy is technically in recession, as the southern African country's diamond sector is faltering on the global market, an official said.
WFP Raises Alarm over Food Security, Nutrition Situation in Eastern Africa
TEHRAN (ANA)- The World Food Program (WFP) voiced concern over the food security and nutrition situation in Eastern Africa which it said "continues to be alarming."
Ethiopia Anticipates 8.4 Percent Economic Growth for Current Fiscal Year
TEHRAN (ANA)- Ethiopia's economy is expected to grow by 8.4 percent in the current 2024/2025 Ethiopian fiscal year, which began on July 8, the country's Prime Minister Abiy Ahmed said.
African Ministers Seek to Establish Continental Energy Bank
TEHRAN (ANA)- Energy ministers from 18 African countries gathered in Cameroon to discuss the prospect of establishing a bank to boost energy production.
Namibia's Trade within Africa Gains Momentum under AfCFTA
TEHRAN (ANA)- Namibia's intra-Africa trade under the African Continental Free Trade Area (AfCFTA) in September 2024 saw exports valued at 4.7 billion Namibian dollars (about 267 million U.S. dollars) and imports worth 7.7 billion Namibian dollars (about 437 million dollars) from other African countries, the Namibia Statistics Agency (NSA) said.
PWC: Business Confidence in South Africa Improves
TEHRAN (ANA)- Business confidence in South Africa has "notably" improved since the formation of its Government of National Unity (GNU), said the consulting firm PricewaterhouseCoopers (PwC).
Egypt Announces Fuel Price Hike for Q4
TEHRAN (ANA)- Egypt raised fuel prices by two Egyptian pounds (0.04 U.S. dollars) for the fourth quarter of 2024 due to rising production and import costs, the Ministry of Petroleum and Mineral Resources said in a statement.
Rwanda Unveils Strategy to Boost Green Investments, Sustainable Growth
TEHRAN (ANA)- Rwanda launched a national strategy in Kigali, the Rwandan capital, to enhance the country's climate resilience and environmental preservation while promoting economic growth and social well-being.
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.
