ETHIOPIA TO IMPORT SOUTH SUDAN OIL

ETHIOPIA TO IMPORT SOUTH SUDAN OIL

Ethiopia will start importing South Sudan oil  at cheaper rate compared to the more expensive product from the Middle East.

According to Ethiopia’s Minister of Mine and Petroleum Koang Tutlam, 15-20 percent of the money usually spent on importing refined oil from the Middle East has been saved from importing …

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TANZANIA, KENYA AND UGANDA ARE REVAMPING THEIR OLD RAILWAYS

TANZANIA, KENYA AND UGANDA ARE REVAMPING THEIR OLD RAILWAYS

Why are they going back to their old railways after their agreement and ambitious plans for East Africa’s Standard Gauge Railway network.

In August 2013 the Presidents of Kenya, Rwanda and Uganda signed a Tripartite Agreement; for the development and operation of a 1,500km-long joint Standard Gauge Rail (SGR) system; …

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SOUTH SUDAN WATER PROJECT TO GET US$24.7m FROM AFDB

SOUTH SUDAN WATER PROJECT TO GET US$24.7m FROM AFDB

AfDB to finance South Sudan water and sanitation project with US$24.7m

To support a developmental project in South Sudan, African Development Bank (AfDB) board of directors have approved a commitment of US$24.7m. The project receiving AfDB finance is titled South Sudan Strategic Water Supply and Sanitation Improvement Project.

The project …

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SUDANESE POUND INCREASES VALUE FOR THE FIRST TIME

SUDANESE POUND INCREASES VALUE FOR THE FIRST TIME

The value of Sudanese pound increases for the first time after devaluation.

According to bankers, the Sudanese pound have gained weight as it now values at 46.95 to the US dollar. This is the first rise since the devaluation of the Sudanese national currency. The devaluation is a new strategy …

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