Ethiopia’s Economic Surge: 8% Growth Despite Challenges
Ethiopia's economy has shown remarkable resilience, achieving an impressive 8.1% growth in the fiscal year ending July 7, 2024. This...
October 3, 2024Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
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Mozambique’s Election Struggles: Financial Woes and Political Tensions
Mozambique faces significant challenges as it prepares for its general elections on October 9, 2024. The National Electoral Commission (CNE)...
October 2, 2024
Ethiopia Launches $3.4 Billion IMF-Backed Economic Reform
Ethiopia has embarked on a daring economic journey, supported by a $3.4 billion Extended Credit Facility from the International Monetary...
September 30, 2024
BRICS Expansion Faces Challenges as Egypt and Ethiopia Withhold Support
At the recent BRICS foreign ministers' meeting in New York Egypt and Ethiopia refused to sign the communique. Coverage and...
September 27, 2024
Eastern Congo: Civilian Casualties Mount as Rwandan Forces and M23 Rebels Clash
The conflict in the eastern Democratic Republic of the Congo has intensified throughout 2024. Rwandan forces and the M23 rebel...
September 26, 2024
Border Wall Expansion in South Africa Against Mozambique
South Africa's KwaZulu-Natal region is pushing forward with the construction of a concrete wall along the Mozambique border, aiming to...
September 26, 2024
U.S. Aims to Boost Electricity Access Along Angola’s Lobito Corridor
The US government plans to include Angola's Lobito Corridor in its Power Africa initiative. This move aims to enhance energy...
September 25, 2024
Ethiopia Sounds Alarm on Arms Influx to Somalia, Raising Regional Tensions
Ethiopia has voiced serious concerns about recent arms shipments to Somalia, warning of potential regional destabilization. Foreign Minister Taye Astke...
September 25, 2024
M-KOPA Serves 5 Million Customers with Pay-As-You-Go Finance in Africa
In the heart of Africa, a financial revolution is quietly unfolding. M-KOPA, a Nairobi-born fintech company, is bringing digital financial...
September 24, 2024