News East & Horn Africa

Sun,21Dec2014

East & Horn Africa

Investment: Made in Ethiopia

Almeda Textiles benefits from low overhead costs, but is limited by challenging logistics. Photo©USAID AE TRADE HUBLow costs attract investors, but there are many obstacles to the country's industrialisation.

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Uganda parliament approves single East African currency

The Ugandan parliament this week passed a motion approving the establishment of the East African Monetary Union, which will see Uganda, Kenya, Tanzania, Rwanda and Burundi adopting a single common currency.

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Tanzania's GDP expands by 32 percent after rebasing

Tanzania said its gross domestic product has expanded by 32 percent after it rebased its calculation to incorporate new sectors in the economy.

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Ethiopia: Addis Ababa metro set for completion in January

Ethiopia expects to complete the Chinese-backed construction of a $475 million metro rail system in the capital Addis Ababa next month, the head of the project said.

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Commodities: Analysts gaze into their crystal ball for 2015

Photo©Ken Gerhardt/Getty ImagesThe Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus.

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Sudan warns South Sudan against hostile moves by rebels in its territory

Sudan's National Security and Intelligence chief Mohamed Atta Al-Moula has warned against hostile moves by its southern neighbor. Photo©ReutersSudan's intelligence chief warned South Sudan against "hostile moves from its territory", saying any incursion by rebel forces based in its neighbour would be treated as an "assault" by Juba.

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