Ethiopia tourism revenue rebounds after 2016 dip
Ethiopia’s tourism sector generated over $3.32 billion in revenue with more than 886800 tourists visiting the East African country during the 2016-17 fiscal year. The latest figures were… source
Oil prices to remain low – IEA
The International Energy Agency, IEA, has warned oil prices could fall further in 2016. In its forecast report released on Tuesday, the IEA said “it is very hard to see…
“African Mona Lisa” fetches $1.6m at London auction
A long-lost Nigerian masterpiece that had been missing for decades has sold for a record £1.2 million pounds ($1.68 million) at a London auction, more than four times the highest…
Ivory Coast sets cocoa sets cocoa farmers pay at 700 CFA francs per kilo
Ivory Coast, the world’s top cocoa grower, set its minimum rate for farmers at 700 CFA francs ($1.23 ) per kilogram for the 2017-18 crop,a steep drop over the previous…
Kenya Airways expects improved profits with lower fuel cost and slim fleet
Kenya Airways has adopted other cost cutting measures as the company’s management seeks to improve operational profits and narrow losses for the year ending in March. In an interview with……
Ghana’s government “inherits” budget deficit of about 10 percent
Ghana’s budget deficit could be twice as big as previously forecast. Finance minister Ken Ofori- Atta said on Wednesday that the new government inherited a budget deficit of about 10…
Row over Kenyan oil revenues threatens to delay production
Residents of Turkana, Kenya say they expect to see at least a third of oil revenues injected into development projects of the county. But government has different ideas.* Oil was…