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EAC

DP World signs final agreement for Berbera Free Zone

charlesmulungi

Addis Ababa, Ethiopia–DP World has signed a final agreement with the Government of Dubai enabling it to develop an economic free zone at the Port of Berbera in Somaliland.   “The free zone will encourage growth for the region’s economy,” said DP World Group Chairman, Sultan Ahmed Bin Sulayem. “It’s a boost for local prosperity and […]

The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties.
Africa EAC Industry

Kenya further lowers its Central Bank Rate

EABW Editor

The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties. The month-on-month overall inflation remained within the target range in November and December 2019. The inflation rate stood at 5.8 per cent in December […]

EAC

DP World signs final agreement for Berbera Free Zone

charlesmulungi

Addis Ababa, Ethiopia–DP World has signed a final agreement with the Government of Dubai enabling it to develop an economic free zone at the Port of Berbera in Somaliland.   “The free zone will encourage growth for the region’s economy,” said DP World Group Chairman, Sultan Ahmed Bin Sulayem. “It’s a boost for local prosperity and […]