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Ethiopia’s banking sector is entering a new phase of reform under the central bank’s latest directive. Banks must now build resilience without relying on government support....
The World Chambers Federation has chosen Nairobi as the venue for its first African summit. This decision reflects growing global confidence in Kenya’s economic leadership. The...
Kenya is turning to its most profitable telco, Safaricom, to raise non-tax revenue for the 2025/26 fiscal year. The planned stake sale comes 17 years after...
The Kigongo–Busisi Bridge is part of the Central Corridor, a vital trade route linking Tanzania to Rwanda, Burundi, and the DRC. With construction now complete, attention...
Held May 30–31, 2025, the Somalia Economic Conference drew investors from Europe, Africa, and the Gulf. Ministers framed the event as a launchpad for long-term partnerships....
Afreximbank leads Uganda’s €500M financing package with a €270M loan. Ecobank Uganda and DBSA will provide the remaining €230M. Officials say the funds will modernize key...
Ethiopia’s shift to a flexible exchange rate and lower inflation earned praise from the IMF. This milestone marks the third successful review of the reform program....
Ethiopia has saved over $3.1 billion in just nine months by replacing imports with locally made goods. The shift is driving jobs and boosting economic resilience.
Kenya faces a tough economic road ahead as the World Bank slashes its 2025 growth forecast to 4.5%. High debt, rising interest rates, and tax hikes...
With CBK approval in August 2024, the DEG funds took effect. Stanbic’s capital adequacy rose to 19.4% by year-end. The bank is now more resilient to...
