Exporters, importers, and logistics companies are irked by the Ethio-Djibouti Railway’s (EDR) exorbitant demurrage charges for small delays. As an alternative to railway transportation, a significant number of businesses are …
Economy
- BusinessEconomyEthiopiaTransportation & Logisitics
- EconomyFinance & ServicesHealthcareMorocco
Morocco Seeks to Scrap Tax on Imported Drugs and Health Products
The Moroccan government is in the process of drafting legislation that would scrap taxes on imported medications. According to a government statement released on Saturday, Morocco’s Minister of Health and …
- AgricultureBusinessEconomyFinance & ServicesMorocco
USAID and GiveDirectly NGO Provides $4 million to Support Moroccan Agricultural Cooperatives
The United States Agency for International Development (USAID) and the International NGO GiveDirectly have decided to provide an additional $4 million to support Moroccan agricultural cooperatives suffering from recent economic …
Top commercial banks have started increasing lending rates by up to 1.1 percentage points after the Central Bank of Kenya (CBK) raised its benchmark interest rate by the biggest margin …
- BusinessEconomyINVESTMENTKenya NewsUncategorized
Kenya and Netherlands Sign MoU To increase Trade and investment Between The Two Countries
The Kenya Investment Authority (KenInvest) and the Netherland Business Hub (NLBH) have agreed to reinforce their collaboration towards increasing trade and investment between Kenya and the Netherlands. This has resulted …
Tea farmers selling their produce to KTDA-managed factories recorded improved earnings in the July to mid-October period as volumes sold increased. Average prices for teas from KTDA-managed factories increased to …
- BusinessEconomyFinance & ServicesKenya NewsMarkets
Kenya Ranked Eighth In The 2022 Absa Africa Financial Markets Index
Kenya has moved up two positions in the latest Absa Financial Markets Index (AFMI) attributed to better environmental, social, and governance (ESG) market frameworks in the financial sector The country …
- EconomyMoroccoTransportation & Logisitics
Spain set to Reactivate the Undersea Railway Tunnel Linking It With Morocco
The Spanish government has announced their plan to reactivate the undersea railway project set to link Morocco and Spain through the Strait of Gibraltar. The project was first conceptualized in …
Russian news agency TASS reported on Wednesday that Russia approved the nuclear cooperation agreement which it had signed with Morocco in 2017. In line with Morocco’s strategy to prioritize greener …
Caps on wholesale prices of fuel will be reintroduced following an end to the subsidy on pump prices, in a move meant to shield independent dealers who have for months …