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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…

Kenya has raised $1.5 billion from creditors in the latest Eurobond sale to help clear its public debt stock.Citigroup Inc.…

The largest food aid organization, the World Food Programme (WFP) has said that it has been forced to suspend food…...

We publish here Frannie Leautier’s op-ed on the presidency of the African Development Bank (AfDB). Among the five candidates, the…

United States President Donald Trump has cancelled five large contracts and grants in Kenya totalling $251.5 million (Sh32.5 billion). Mr…...

Abidjan, February 18, 2025 – Atlantique Finance (AFIN), a subsidiary of the Pan-African group Banque Centrale Populaire (BCP), has achieved a…

Kenya has deferred $682.2 million in funding expected from the International Monetary Fund (IMF) under the ninth review to the…...

Djibouti’s finance minister Mahmoud Ali Youssouf has won by majority the  African Union commission chairmanship at a summit held in…

Ethiopian state-owned telecommunications firm Ethio Telecom recorded a half-year revenue rise of 43.3 percent to 61.9 billion birr ($491.57 million).…...

South Sudan’s President Salva Kiir has fired two of his five vice presidents, spy chief among other senior officials in…...

Analysis of the data shows that in the year ended December 2023, Nigeria received $368 million followed by Tanzania scoring…...

The United Nations (UN) has warned that the conflict in the Democratic Republic of Congo (DRC) is likely to worsen…...

Uganda’s central bank has held its main lending rate at 9.75 percent on Thursday, citing inflation looked contained despite uncertainties…...

The Central Bank of Kenya (CBK) has cut its benchmark lending rate for the fourth monetary policy meeting in a…...

African Trade and Investment Development Insurance (ATIDI) is eyeing entry into the Northern and Southern African countries led by Egypt,…...

The African Development Bank Group (AfDB) is exploring a new currency model that is backed by African minerals to mitigate…...

From left to right : Eng. Sultan Abdulrahman Al-Marshad – CEO of SFD, Dr. Sidi Ould Tah – President of BADEA,…

London-based Actis has sold Java House, East Africa’s coffee chain to two private equity firms, a new notice shows.  According…...

South Sudan’s central bank has threatened to terminate Stanbic Bank’s licence in a dispute concerning millions of dollars that were…...

First order of business for newly inaugurated United States President Donald Trump has been to enact a 90 day pause…...

Curtains close for East Africa’s automotive powerhouse CMC Motors Group after announcing it is closing its operations in Kenya, Uganda…...

Kenya-based venture capital firm Purple Elephant has secured $4.5 million in seed capital, making it one of Africa’s biggest rounds…...

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…...