According to the Bank of Tanzania’s monthly economic review for December, the improvements “were mainly attributed on account of upper exports of products including a decline in imports bill.”
Browsing: East Africa
Sources say Spokesman for the Police Fred Enanga was not immediately available for comment.
Allianz SE chief economist Ludovic Subran forecasted economic growth in Kenya, Tanzania, Uganda and Rwanda to significantly rebound after a tough year due to the devastating effects of Covid-19.
The Ethiopian government has placed a bounty of 10million Birr ($260,000) on leaders of the Tigray People’s Liberation Front (TPLF). Gebremichael Debretsion, leader of the TPLF…
The region has been implementing an exemption and remission scheme since the East African Community Customs Union was established in 2005.
Samuel Matete, Zambia’s first track and field world champion, has said the East African country is not doing enough to develop its athletes. The 52-year-old, who…
The latest data by the United Nations Economic Commission for Africa (UNECA) shows that on average over 10 percent of export revenues and primary income in the region is spent on debt repayments.
A war of neighbours may be looming again in Africa, after Somalia expelled the Kenyan ambassador over interference in elections in Jubbaland. Somalia has also recalled…
Ethiopia’s Prime Minister Abiy Ahmed has warned the international community against interfering in its battle with Tigray. The Tigray People’s Liberation Front (TPLF) and Ethiopian forces…
The International Debt Statistics 2021 report by the World Bank shows that between 2009 and 2019, countries in the region increased external borrowing by nearly four times, from $19.9 billion to $73.8 billion.