Ethio Telecom will list 10% of its shares on Ethiopia’s new stock market on Oct 20, 2024, marking a major step in the country’s economic reforms.
Banking & Finance

Ethio Telecom Set for Historic IPO in October

Listing Ethio Telecom on the stock exchange is a vital step in Prime Minister Abiy Ahmed’s reform agenda, aimed at opening the economy and boosting foreign direct investment. Since 2018, the Ethiopian government has implemented various reforms to liberalize key sectors, including telecommunications, banking, and logistics.

Kenya mourns Princess Jully, a Benga music icon, HIV/AIDS advocate, and cultural pioneer whose powerful voice and resilience inspired generations.
Banking & Finance

Princess Jully: A Benga Queen’s Enduring Legacy

Princess Jully’s legacy is one of trailblazing and resilience. She revolutionized the Benga music scene, broke societal taboos, and became a symbol of strength and determination. Though she is no longer with us, her voice, music, and unwavering spirit will forever resonate in the hearts of those she inspired.

Adani Energy Solutions enters Kenya’s energy market in a deal with KETRACO, aiming to improve power infrastructure while facing scrutiny over its global record.
Banking & Finance

Adani Energy Signs Power Deal with Kenya

The Adani-KETRACO deal offers the potential for major upgrades to Kenya’s power sector, but its long-term success hinges on transparency, environmental responsibility, and compliance with local regulations. Kenya’s past public-private partnerships have faced setbacks due to corruption, mismanagement, and lack of accountability, making oversight crucial for this project.

Rashid Hakuzimana sentenced to 7 years in Rwanda for genocide denial, sparking debate over free speech and historical memory.
Banking & Finance

Rwandan YouTuber Jailed Over Genocide Remarks

Hakuzimana’s case underscores the persistent sensitivities surrounding the Rwandan genocide, which claimed the lives of around 800,000 people—mostly Tutsis and moderate Hutus—within a mere 100 days at the hands of Hutu extremists. Although the Rwandan Patriotic Front (RPF), primarily composed of Tutsis, brought the genocide to an end, it has faced accusations from human rights organizations of carrying out retaliatory killings of Hutus during its rise to power—claims that the RPF-led government staunchly denies.

Kenya wins UNHRC seat despite backlash over its human rights record, raising hopes for reforms but exposing deep civil society concerns.
Banking & Finance

Kenya Elected to UN Rights Council Amid Criticism

The result of this bid has the potential to either spark meaningful change or exacerbate tensions between the government and civil society. Should Kenya effectively utilize its position to tackle its internal challenges, it could realize its goal of becoming a leader in global human rights advocacy. On the other hand, if it falls short, doubts may arise regarding the sincerity of its commitment to human rights, both within the country and on the international stage.

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