Addis Ababa: African countries must work hand in hand to realize the African Continental Free Trade Area (AfCFTA) as it is a very important agreement that enables African countries to deal without customs, administrative, and bureaucratic constraints,…
Addis Ababa: The Ethiopian Securities Exchange (ESX) will commence its operation in October 2024, ESX Director-General Tilahun Kassahun told the Ethiopian News Agency.
He said that preparations, including collecting finances, have been carried out to…
Addis Ababa: The National Bank of Ethiopia (NBE) announced that it has concluded the Special Foreign Exchange Auction held today with a weighted average rate of Birr 107.9 per USD.
In its statement, the central bank said the auction saw the participa…
Addis Ababa: The Macroeconomic reform policy which Ethiopia has embarked on has created great opportunity for competitive investment in the country, Indian investor Mayur Kothari said.
Speaking to ENA, Chairperson of Indian Mohan Group PLC in Ethiopi…
Rabat – Remittances from Moroccan expatriates reached record 115.3 billion dirhams in 2023 compared to 110.8 billion dirhams a year earlier, according to Morocco’s Foreign Exchange Office.
The average annual growth rate of these remittances over the …
Rabat – The net flow of foreign direct investments (FDI) in Morocco reached 11.1 billion Moroccan dirhams (MAD) in 2023, compared to MAD 23 billion in 2022, a decrease of 51.7%, according to the Foreign Exchange Office.
According to the Office’s 2023…
Rabat – France was the leading investor in Morocco for 2023, with a net flow of 6.8 billion dirhams (MAD), compared with MAD 3.8 billion in 2022, an increase of 79.5%, according to the Foreign Exchange Office.
This flow reflects a 61.4% share of the …
Stock Exchange (Casablanca) – The Casablanca Stock Exchange started trading higher on Tuesday, with its benchmark index, the MASI, gaining 0.23% to 13,963.04 points.
Shortly after opening, the MASI.20, an index of the 20 most liquid stocks, and the …
Addis Ababa: The Government has embarked on implementing sustained macroeconomic policy with the aim of achieving continuous growth and ensuring comprehensive benefits for citizens, Minister of Planning and Development, Fitsum Asefa said.
The ministe…