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Kenya has started formal talks to increase electricity imports from Ethiopia amid rising demand. The Kenya Power and Lighting Company…...

African traders in petrol, diesel and jet fuel among other oil products are set to benefit from a $3 billion…...

Investors have snubbed Ethio Telecom’s shares offered in an initial public offering (IPO) amid local investment rules in the Horn…...

Kenya’s President William Ruto has secured a total of $823 million in deals on the second day of his four-day…...

Marco Rubio, the United States Secretary of State, has cancelled his planned visit to Nairobi, hours after Kenya’s President Ruto…...

Banjul, April 14, 2025 – The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) held its…

New banks will be allowed to operate in Kenya as long as they meet the minimum core capital requirements, the…...

Somalia’s communications authority has granted Elon Musk’s Starlink an operating license as the internet service provider expands its offerings on…...

Africa loses $88.6 billion annually to illicit financial flows (IFFs), a new report shows. The Illicit Financial Flows in Africa—which…...

Kenya’s trade minister is holding talks with the United States administration in a bid to lobby for the extension of…...

A United States senior officer has said that America is set to invest billions of dollars to war-ridden mineral-rich Democratic…...

Kenya’s trade with the United States was dealt a blow after President Donald Trump signed a new executive order imposing…...

The government of Uganda has signed a deal with UAE-based Alpha MBM Investments for a 60 percent stake in a…...

Uganda’s largest electricity distributor, Umeme Limited said on Monday that it had received $118 million in compensation from the government…...

Swazi Tshabalala is the only woman among the five candidates vying for the presidency of the African Development Bank. Of…

By Ndongo Samba Sylla and Peter Doyle. In early November 2024, we raised the alarm that the IMF forecast for…

Tunisia has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATIDI), marking a significant step in…...

Ecobank Kenya has raised its capital base to $65 million after injecting $27 million in fresh capital that will support…...

In 2024, Sanlam Morocco delivers a solid financial performance, marked by a notable improvement in profitability. Net income increased by…...

Authorities in Uganda have been working quickly to make sure that Umeme’s departure at the end of this month will…...

By Dominique Mabika. During a visit to Dakar, Samuel Munzele Maimbo, one of five candidates vying for the presidency of…

“Implementing the AfCFTA requires tact and patience,” asserts Riyad Mezouar, Chairman of the Bureau of African Ministers of Finance and…...

Rwanda and the Democratic Republic of Congo (DRC) held first talks in Qatar on Tuesday since M23 rebels seized parts…...

Kenya is in talks with the International Monetary Fund (IMF) for a new lending programme after both sides agreed to…...

On March 13, 2025, Sidi Ould Tah was received by Congolese President Denis Sassou Nguesso in Oyo, Republic of the…

Sudan has suspended all imports from Kenya, for hosting the paramilitary group Rapid Support Forces (RSF) in Nairobi in February.…

Kenya has lost about $15.5 million in tobacco exports after British American Tobacco (BAT) shutdown its operations in Khartoum following…...

The East African Community (EAC) is grappling with a financial crisis for the third time in the 2024/25 fiscal year,…...

Latest Update: Moody’s Enhances Outlook on African Banking Sector Moody’s Ratings has updated its evaluations of African banking systems, noting…...

Upon the launch of AFD’s “Economic Outlook 2025,” Financial Afrik had an extensive conversation with Rémy Rioux, the head of…