EastAfrica

Kenyan president urges Africans to join de-dollarization

Kenyan president urges Africans to join de-dollarization

Kenya has asked African countries to start trading in their own currency when doing business with each other and exchanging services.  Kenyan President William Ruto, who headed to Djibouti for the IGAD summit, called for Africa's dependence on the dollar to end. “Why do we buy goods from Djibouti and pay in dollars? why?  "There is no reason," said President Ruto, adding that neither Djibouti nor Kenya need to use the US dollar when doing business with each other. “We are not against the US dollar, "But because we want to trade freely," he said about the importance of the…
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Five Ethiopians killed in Sudan

Five Ethiopians killed in Sudan

The war between Sudan Defense Forces and the Rapid support Forces in Khartoum and surroundings has put Ethiopians in trouble. According to the Ethiopians who are there, Ethiopian citizens life are in trouble. Ethiopians are sheltering in private houses and have heard that, there are dead and wounded in the shooting. Today marks the third day of official fighting between the Sedun Army led by General Abdulfattah Al Burhan and the forces of General Mehamed Hamdan Dagalo. More than 100 civilians have been killed and more than 600 citizens have been injured in the ongoing war. US, European Union, Russia,…
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Kenya named as Ethiopia’s Highest electricity buyer

Kenya named as Ethiopia’s Highest electricity buyer

Kenya becomes the first country in purchasing high amount of electricity from Ethiopia in a single month. The amount of energy that Kenya purchased in January is highest in Ethiopia's power deal history. Kenya bought more electricity because of the severe drought that, and the power generation dams have dried up. According to data from the Kenya Bureau of Statistics, the country installed 68.48 million kilowatts of electricity last January. After the two countries agreed to trade electricity at a discount price, when the Great Ethiopian Renaissance Dam is completed. Kenya has imported 39 million units of energy from Ethiopia…
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Eritrea and Kenya agreed to end visa requirements for citizens

Eritrea and Kenya agreed to end visa requirements for citizens

Eritrea and Kenya agreed to end visa requirements for citizens Eritrean President Isaias Afwerki is visiting Kenya. Eritrea Minister of Information, Yemane Gebremeskel, wrote on his Twitter page that the President discussed various issues with his Kenyan counterpart, William Ruto, during his two-day official visits in Nairobi. The minister mentioned that the presidents of the two countries have discussed bilateral and regional issues and added that they have agreed to allow the citizens of the two countries to move without visas starting today. According to this agreement, Kenyans can move to Eritrea and Eritreans can move to Kenya without a…
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Ethiopia and Sudan in talks to build a joint railway

Ethiopia and Sudan in talks to build a joint railway

Ethiopia and Sudan in talks to built a joint railway The Ministry of Foreign Affairs announced that the experts and representatives of consulting companies of the two countries have started a consultation in Khartoum. The two countries' representatives met to evaluate the feasibility study that has been going on to connect Ethiopia and Sudan by railway. The purpose of the two-day expert consultation is to evaluate and approve the feasibility study of the construction of the joint railway, which has reached its final stage, and decides on the next steps, the ministry said. In his speech at the opening of…
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The International Trade Centre Partnered UN agencies to engage business organizations in east Africa

The International Trade Centre Partnered UN agencies to engage business organizations in east Africa

Actors in the East African business ecosystem stressed the need to include small business owners in AfCFTA negotiations on the Protocol for Women and Youth. The International Trade Centre, the United Nations Development Programme (UNDP) and UN Women collaborate with the East African Business Council to engage business support organizations in the region on the African Continental Free Trade Area (AfCFTA). The workshop, held from September 20 to 22, 2022, saw over 70 representatives from the region who learned about the AfCFTA and its implementation progress. The workshop provided business support organizations with a comprehensive toolkit to tailor their services…
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