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The World Bank has suspended its funding to Gabon once again due to payment arrears from its earlier loans. Gabon’s…...

Frelimo party’s Daniel Chapo has been sworn in as Mozambique’s fifth president after a disputed election that left several casualties…...

Donald Trump, the United States President-elect has appointed a former special air service (SAS) soldier who rescued hostages during the…

(1 USD = 125.82200 ETB) Ethiopia inaugurated a stock exchange on Friday, January 10, 2025, marking the effective return of…...

Several companies have exited Zambia and Zimbabwe due to currency instability and challenging economic conditions. Among the latest firms to…...

Nairobi, January 10, 2025 – The Alliance for a Green Revolution in Africa (AGRA) has announced the appointment of Alice…...

Kenya has agreed to a treaty that will see increased scrutiny of multinationals that have been taking advantage of tax…...

Tanzania’s central bank has maintained it benchmark rate at six percent in the latest review, holding it for the third…...

Kenya’s economic growth slowed in the third quarter of last year from the same period in 2023, marking the lowest…...

Kenya Airways share will resume trading after a five year suspension from the Nairobi Securities Exchange, following the overturn of…...

Kenya and Ethiopia are among the most indebted countries in East Africa. Analysis of data from the International Monetary Fund…...

The year 2024 was characterized by high interest rates and inflation which saw many companies exit the region with others…...

Tanzania’s National Development Corporation (NDC) is inviting bids for the establishment of a soda ash processing plant at Engaruka Basin…...

By Abshir Aden Ferro, CEO Fort Roche Group Somalia has officially excluded Ethiopia from the African Union Support and Stabilization…

Monday, December 30th, 2024 – Small capitalisation stocks at the Nairobi Securities Exchange (NSE) unexpectedly emerged as the leading gainers…...

The list of the 100 personalities we present in this issue is, in itself, a summary of Africa in 2024…

Access Bank Plc has raised $228 million in a rights issue from 17.8 billion ordinary shares as it embarks on…...

Tanzania’s central bank has scraped card payments fees and warns merchants against adding extra charges on these transactions. The country’s…...

Kenya’s President William Ruto has implemented significant changes in his cabinet, reshuffling key positions and terminating the roles of two…...

Kenya’s President William Ruto has nominated some of former head of state’s men in his recent cabinet reshuffle. Dr Ruto…...

Kenya’s cabinet has approved the extension of the government to government oil deal with Gulf-based companies. In a dispatch on…...

Kenyan President William Ruto has expressed confidence that the US government will prolong the African Growth and Opportunity Act (Agoa)…...

The World Bank has downgraded Kenya’s growth projection for the year to 4.7 percent, levels matching the pre-pandemic slowed rate…...

Rabat, 11 December 2024 – The African Development Bank (AfDB) has signed a coordination agreement with Deutsche Bank and Société…...

Kenya Railways defaulted on a $1.3 billion loan from China Exim Bank used for the construction of the Mombasa-Naivasha Standard…...

Cairo, 10 December 2024 – Africa50, the pan-African infrastructure investor and asset manager, has announced a USD 15 million equity…...

“Between Nigeria and France, there is a Special Relationship at a Special Time” On the sidelines of the State Visit…

Savannah Clinker Limited has withdrawn its bid for Bamburi Cement following arrest of its chairman and managing director, Benson Ndeta,…...

Carrefour’s closure of one of its stores in Kenya’s lake city of Kisumu comes amid stiff rivalry with Naivas supermarket…...

The African Development Bank has approved a EUR 200 million ($209.8 million) partial credit guarantee (PCG) to support Togo’s inaugural…...