WORLD BANK’S BOARD OF EXECUTIVE DIRECTORS APPROVE $1.2 BILLION GRANT, CREDIT FOR ETHIOPIA

 addisstandard /  October 31, 2018 Addis Abeba, October 31/2018 – The World Bank’s Board of Executive Directors have yesterday Oct. 30 approved $1.2 billion ($600 million grant and $600 million credit) from the International Development Association (IDA) in support of the Government of Ethiopia’s policies designed to accelerate economic growth and achieve its vision of becoming a lower-middle-income

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South Sudan rebel leader Machar to return on Wednesday

2018-10-30 11:45 A spokesperson says South Sudan armed opposition leader Riek Machar is coming home on Wednesday under the country’s latest peace deal, more than two years after he fled on foot into exile. Lam Paul Gabriel tells The Associated Press that Machar is returning to take part in a nationwide peace celebration, leading a

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Sudan’s liquidity crisis

   AFRICAN BUSINESS MAGAZINE 30 OCTOBER 2018 Sudan has been short of hard currency for years due to sanctions and embargoes. The crisis led to Sudanese President Omar al-Bashir dissolving the government. After dollar rates on Sudan’s parallel forex market began to rise rapidly in 2010, the Central Bank of Sudan (CBoS) announced that the lack

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3 Years Imprisonment for the US Embassy Guard’s Attacker

SMC- Al-Azhari Criminal Court in Khartoum has sentenced a man accused of attacking a police officer at the U.S. embassy to three years in prison and a fine of 670,750 pounds. The sentencing was under article (139) “serious harm” of the Penal Code. The sentencing hearing was attended by 23 staff member from the U.S.

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Yemen’s army advances against Houthis on outskirts of Hodeidah

October 30, 201809:08 Yemeni forces advanced against the militia in the area east of the entrance to the city of Hodeidah Coalition jets raided the positions and reinforcements of the Houthi militia DUBAI: Yemen’s national army forces gained advances on their battlefield positions against Houthis on several fronts in the country’s western coast, where the

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APNewsBreak: South Sudan rebel leader Machar to return

By SAM MEDNICK | October 30, 2018  BARCELONA, Spain (AP) — South Sudan armed opposition leader Riek Machar is coming home under the country’s latest peace deal, more than two years after he fled on foot into exile, a spokesman said Tuesday. Lam Paul Gabriel told The Associated Press that Machar is returning to take part in a

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AfDB to give $2b for mega projects in East Africa

MONDAY OCTOBER 29 2018   In Summary The funding, unlocked by the recently approved East Africa Regional Integration Strategy Paper (RISP), could be scaled up to $3 billion in the same period. The funding programme covers EAC countries, Djibouti, Eritrea, Ethiopia, Seychelles, Somalia, and Sudan. Countries in the region have been grappling with poor infrastructure, power

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Electricity link with Sudan to operate with 100 MW by end 2018

  Stress imposed on swift implementation, adherence to timetables, without jeopardising quality: Shaker  Mohamed Farag   Egypt is to start operating the electricity link with Sudan with a capacity of 100 megawatts (MW), by the end of this year. Government sources told Daily News Egypt that the implementation rates of the project’s first phase are progressing

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ICRC Provides Food and Household Items to over 3,000 Families in Darfur

Press Release- The International Committee of the Red Cross (ICRC) and Sudanese Red Crescent Society (SRCS) provided humanitarian assistance to families in Tawila Locality, North Darfur. Many of them were returnees who had been displaced for over a decade, only for them to return and find their villages largely destroyed and homes completely broken down.

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Heads to Turkey to Attend the Opening of the New Istanbul International Airport

SMC- The Sudan’s President of the Republic, Omar Al-Bashir has traveled to Istanbul to take apart of the opening of  Istanbul New Airport, which marks the anniversary of the founding of the Republic of Turkey. Al-Bashir has arrived in Istanbul on Sunday evening at the official invitation of his Turkish counterpart Recep Tayyip Erdogan. He

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