Kenya's Central Bank Maintains Benchmark Rate amid Declining Inflation

Kenya's Central Bank Maintains Benchmark Rate amid Declining Inflation

TEHRAN (ANA)- The Central Bank of Kenya decided to maintain its benchmark lending rate at 13 percent, despite a decrease in inflation.
New Project Launched to Boost Grain Trade in East Africa

New Project Launched to Boost Grain Trade in East Africa

TEHRAN (ANA)- The Eastern Africa Grain Council (EAGC), a regional umbrella body of the grain sector, launched a three-year project to boost regional trade in grains.
Tanzania's Central Bank Increases Policy Rate to 6 Percent for Q2

Tanzania's Central Bank Increases Policy Rate to 6 Percent for Q2

TEHRAN (ANA)- Tanzania's Central Bank announced an increase in the central bank rate or policy rate from 5.5 percent in the first quarter of 2024 to 6 percent in the second quarter.
WFP Warns against Worsening Starvation in Sudan

WFP Warns against Worsening Starvation in Sudan

TEHRAN (ANA)- The United Nations World Food Program (WFP) warned that Sudan's hunger crisis will worsen unless its people receive a constant flow of aid via all possible humanitarian corridors.
World Bank, Ethiopia Sign 1.72-Billion-USD Deal

World Bank, Ethiopia Sign 1.72-Billion-USD Deal

TEHRAN (ANA)- The Ethiopian government and the World Bank have signed financing agreements amounting to 1.72 billion U.S. dollars in support of Ethiopia's development.
Zimbabwe Unveils New Gold-Backed Currency

Zimbabwe Unveils New Gold-Backed Currency

TEHRAN (ANA)- Zimbabwe introduced to the market the much-awaited structured currency that monetary authorities expect to foster currency stability and contain rising inflation.
Kenya Shilling Rises to Year High of 130 against US Dollar

Kenya Shilling Rises to Year High of 130 against US Dollar

TEHRAN (ANA)- The Kenya shilling strengthened against the U.S. dollar to close the week at the 130 mark, the strongest level in about a year.
IMF Forecasts 2.6 Percent Economic Growth for Angola

IMF Forecasts 2.6 Percent Economic Growth for Angola

TEHRAN (ANA)- The International Monetary Fund (IMF) has forecasted a 2.6 percent growth for the Angolan economy in 2024, while highlighting high risks due to the country's heavy reliance on oil, banking vulnerabilities and high debt levels with uncertain market access.
World Bank Supports Tanzania in Overcoming Demographic Challenges for Growth

World Bank Supports Tanzania in Overcoming Demographic Challenges for Growth

TEHRAN (ANA)- The World Bank reaffirmed its commitment to collaborating with the government of Tanzania to help the country overcome demographic challenges for sustained economic growth and development.
Madagascar Sees Growing Number of Int'l Tourists

Madagascar Sees Growing Number of Int'l Tourists

TEHRAN (ANA)- In the first two months of 2024, Madagascar welcomed a total of 22,333 international tourists compared with 19,348 in the same period last year, according to data by the Ministry of Tourism and Handicrafts.
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