Africa ETP News
you are currently viewing::AfDB and IGAD launch a new initiative to stimulate a blue economy breakthrough in the Horn of AfricaDecember 1, 2025-The Intergovernmental Authority on Development (IGAD), in partnership with the African Development Bank Group (AfDB), recently launched a new multinational project to accelerate coordinated blue economy actions across the Horn of Africa. Entitled the Building Blue Economy Resilience and Prosperity in IGAD & the Horn of Africa (BE-Prosper) project, it was given the green light at a three-day event at the IGAD headquarters in Djibouti, from 17-19 November, which brought together senior government officials, development partners, experts, and regional institutions. Speaking on behalf of Workneh Gebeyehu, IGAD Executive Secretary, Mohy Tohami, IGAD Director of Economic Cooperation and Regional Integration, reaffirmed IGAD's commitment to unlocking the region’s blue economy potential. Source: AfDB (African Development Bank) |
South African rand strengthens after surprise GDP growth data
June 9, 2026- The rand strengthened on Tuesday after South Africa's economy expanded more than expected in the first quarter of 2026, though the impact of the Iran war was likely to be reflected in the next release.
At 1415 GMT, the rand traded at 16.4325 against the U.S. dollar, up about 0.6%.
