NewsEast & Horn Africa

Wed,01Oct2014

East & Horn Africa

Ethiopia seeks Turkish government support for railway fund

Photo©ReutersEthiopia has requested support from the Turkish government to press for the release of a $700 million loan that the Turkish EXIM Bank pledged to finance the construction of the African country's Awash-Woldia railway project.

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Uganda parliament approves new prime minister

Uganda's new Prime Minister, Ruhakana Rugunda.The Ugandan parliament on Tuesday approved the appointment of Ruhakana Rugunda as the new prime minister after President Yoweri Museveni's surprise Cabinet reshuffle.

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Kenya joins Africa's top 10 economies

Changes in assessing agriculture, manufacturing and real estate accounted for most of the GDP rise. Photo©ReutersKenya has joined Africa's top ten economies after its gross domestic product was estimated to be 25 percent bigger. This comes after the east African country's authorities changed the base calculation year to 2009 from 2001.

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3 000 Africans die trying to cross into Europe in 2014

File photo©ReutersMore than 3,000 African migrants have died while trying to cross the Mediterranean sea into Europe, this year alone, a new study has revealed.

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Tearing down development barriers

Photo©US State DepartmentNew finance from the United States, Asia and Europe may dramatically change Africa's sprawling economic landscape after a season of summits and deal making.

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Kenya adds 25 percent to size of economy after rebasing

Kenya's gross domestic product (GDP) was estimated to be 25 percent bigger after the authorities changed the base calculation year to 2009 from 2001, sending the east African nation into the top 10 of Africa's largest economies.

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