Egypt: WB disburses $1 billion in financial assistance
The World Bank has allocated $1 billion in financial assistance to Egypt as the North African seeks to revive its ailing economy hit by the […]
Djibouti
Morocco, Ethiopia Teem up to Build $3.7 bln Fertilizer Plant
Morocco and Ethiopia inked a $3.7 bln deal to build a world-class fertilizer plant with an annual production capacity of 2.5 million tons in Dire […]
Ethiopia Connects Djibouti with Africa’s First Electric Rail
Ethiopia on Tuesday launched a 750-km railway line linking Addis Ababa and the Red Sea state of Djibouti. The new line was built at a […]
Djibouti, IDB ink $75 mln fuel imports deal
Djibouti energy minister on Tuesday said the Horn of Africa nation has inked a $75 million financing agreement with the International Islamic Trade Finance Corporation […]
EU Releases New Blacklist of Banned Airlines, Many are African
The European Union has published its new blacklist of airlines failing the block’s aviation regultions.19 countries feature on the blacklist. The restrictions imposed by the […]
Djibouti: Ismail Guelleh Re-elected with Landslide Win
Djibouti’s incumbent President Ismail Omar Guelleh on Friday won a landslide victory in an election criticized by opposition parties and civil society organizations. “According to […]
Djibouti signs important economic agreements with China
Djibouti’s president signed earlier this week trade and economic agreements with the Chinese government to set up a legal framework and allow Chinese financial service […]
IMF: Djibouti’s economy to expand by 6.4 per cent in 2015
Djibouti’s economy will expand by an average 6.5 percent in 2016, the same as this year, the International Monetary Fund (IMF) said in a statement […]
Somalia: Car bomb attack near presidential palace kills 5
Five people have been killed after a car bomb exploded close to the presidential palace in Somalia’s capital Mogadishu on Monday, police said. The blast […]
Djibouti: Shanghai Electric to construct first wind farm
Shanghai Electric won a contract for the construction of Djibouti’s first wind power farm. Djibouti’s Energy Minister in charge of Natural Resources Ali Yacoub Mahmoud […]