Sudan Prints New 100-Pound Banknotes to Ease Liquidity Crunch

BY REUTERS Sudan’s central bank will start printing 100 pound bank notes for the first time to ease a liquidity crisis exacerbated by rampant inflation, state news agency SUNA said on Sunday. Sudan’s economy has been struggling since the south of the sprawling northeast African country seceded in 2011, taking with it three-quarters of oil […]

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Ethiopia $7.5bn Short to Complete Mega Projects

“We are only good at starting projects but not completing on schedule” – PM Abiy BY ANDUALEM SISAY Ethiopian Prime Minister Abiy Ahmed has said his government needs $7.5 billion to complete ongoing mega infrastructure projects. He was speaking in Parliament after the tabling of the 346.9 billion Ethiopian birr ($12.8 billion) 2018/19 budget that […]

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Ethiopia: Gov’t Investigating Offshore Bank Accounts of Senior Officials

BY ADDIS STANDARD In a meeting with senior government officials including members of his cabinet, Ethiopia’s Prime Minister Abiy Ahmed said the government was investigating foreign bank accounts held by senior government officials, a source who attended the meeting told Addis Standard.

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