UN Raises $1.7 Billion for Mali, Niger, Burkina Faso
NEW YORK – The United Nations said Tuesday it has received preliminary pledges of about $1.7 billion for the central Sahel countries of Burkina Faso, Mali and Niger at a …
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UN FAO Pledges $70 Million to Help Sudan Families
KHARTOUM, SUDAN – The United Nations Food and Agriculture Organization (FAO) has pledged $70 million to support 600,000 Sudanese families affected by severe flooding caused by record heavy rainfall this …
Read MoreECOWAS Could Lift Mali Sanctions on Friday
The 15-nation Economic Community of West African States, or ECOWAS, could announce Friday if it will lift crippling sanctions on Mali. Incoming interim Malian President Bah Ndaw is to be …
Read MoreEconomists Urge New Economic System for South Sudan
JUBA/GENEVA — While some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency exchange and stabilize skyrocketing prices, …
Read MoreSudan Businesses Feel Pinch as Currency Devalues, Inflation Soars
KHARTOUM – Sudan this month declared an economic emergency after the Sudanese pound lost 40 percent of its value in one month and annual inflation jumped to 167 percent. Sudan’s transitional authorities have struggled to …
Read MoreJapanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery
The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several …
Read MoreJapanese Ship Operator to Put $9.4M Toward Mauritius Oil Spill Recovery
The operator of a Japanese-owned bulk carrier that crashed into a reef in late July, causing a widespread oil spill in Mauritius, will pay at least $9.4 million over several …
Read MoreSouth Sudan, Sudan Address Economic Crises
JUBA / WASHINGTON – South Sudan’s central bank said Friday that it planned to ban the use of foreign currency nationwide to prevent further depreciation of the South Sudanese pound against the …
Read MoreEconomic Normalization between Kosovo and Serbia
The United States commends Serbian President Vucic and Kosovo Prime Minister Hoti on historic agreements they reached at the White House today, spanning a wide range of economic normalization issues. …
Read MoreEthiopia Demands Explanation on US Aid Cut
ADDIS ABABA – Ethiopian officials are demanding an explanation from the U.S. after it announced this week it would cut millions of dollars in aid after Ethiopia’s decision to begin …
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