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Egypt’s currency halves in value in 10 months

Cairo, Egypt | Xinhua |  The Egyptian pound further declined against the U.S. dollar on Wednesday, plunging to below 31 pounds to the dollar before settling at 29.7 in the afternoon. The Egyptian local currency has lost about half of its value since March 2022, when a dollar was worth …

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Zimbabwe’s 2022 gold output reaches new record high

Harare, Zimbabwe | Xinhua | Zimbabwe’s gold output reached a new record high of 35.38 tonnes in 2022, spurred by new mining projects, timely payments and incentives to miners. The output was 19.5 percent up from the previous year’s output, the state-owned Herald newspaper reported Tuesday, citing statistics from the country’s …

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Tanzanian president appoints new central bank governor

Dar es Salaam, Tanzania | Xinhua | Tanzanian President Samia Suluhu Hassan has appointed a new governor of the east African nation’s central bank, the presidency said in a statement late Saturday. The statement by the Directorate of Presidential Communications said President Hassan has appointed Emmanuel Tutuba as the new governor of …

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Zambia halts electricity exports

Lusaka, Zambia | Xinhua | The Zambian government on Friday announced that it has halted electricity exports to some neighboring countries due to reduced power generation capacity the southern African country was facing. Minister of Energy Peter Kapala, however, said the government will not completely do away with exports in order to …

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Over 3.3 mln people in Ethiopia’s Tigray receive humanitarian aid since October: UN

Addis Ababa, Ethiopia | Xinhua | More than 3.3 million people in Ethiopia’s conflict-affected northernmost Tigray region have received humanitarian aid since early October, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA). The OCHA, in its latest Ethiopia situation update issued Thursday, said humanitarian partners have assisted …

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