There is a common adage that time is a healer, but in Somalia, memories of times gone by evoke painful memories of the good old days in both the elderly that witnessed them and the young who can only fathom such glories. To know how much has changed in this...
Ethiopia will receive a $4.8 million grant from Japan, following an agreement signed between both countries aimed at enhancing road operations and maintenance. The pact was signed by Ethiopia’s Minister of Finance Yasmin Wohabrebbi and Japanese Ambassador to Ethiopia Ito Takako. According to Yasmin, due to the rapid...
Rwanda’s economy is projected to shrink by 0.2% this year, but will rebound strongly next year to grow by 5.7%, according to the International Monetary Fund (IMF). The IMF said an economic recovery was underway but warned that spending to contain the effects of COVID-19 pandemic would...
Somalia has cut diplomatic relations with neighboring Kenya, accusing the East African nation of meddling in its politics even as protests and gunfire erupted in the capital Mogadishu over delayed elections. The diplomatic dispute may undermine cooperation in the fight against the Islamist group al Shabaab that controls huge swathes...
Kenya’s top lender by assets, KCB Group, announced on Thursday it has entered a binding agreement to purchase a controlling stake in Rwanda’s Banque Populaire du Rwanda and take full ownership of ABC Tanzania at a combined value of $40 million. The purchase agreements follow a recent trend...
South Sudan, the newest country in the East African Community (EAC) bloc, has been called upon by the East African Business Council (EABC) to stop charging visa entry fees on any EAC Partner State and embrace the use of National Identity cards as a traveling document across the region. EABC...
Sudan’s acting energy and mining minister Khairy Abdel Rahman has announced a cut in pump prices for petrol and diesel for consumers. The transitional government, that came into power after the ouster of long time autocrat former President Omar Bashir in 2019, has been phasing out fuel subsidies to...
Ugandan security forces have killed forty one people over two days in operations to quell protests triggered by the controversial arrest of presidential candidate Bobi Wine as the government scuttled to send military troops in armored vehicles to rein in on growing peaceful protests. In a statement, police added that...
Kenya’s government is planning to defer around $690 million in debt payments, a sharp u-turn after it declined to join the G20 coronavirus debt relief initiative earlier this year. In May, the Ministry of Finance said that it would not seek suspension of debt payments under the G20’s...
