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Zambia has agreed to reopen its border with the Democratic Republic of Congo after closing it over the weekend on…...

Kenya has enlisted the services of the Gates Foundation to support capacity building for financial regulators to accelerate how fast…...

The Ethiopia Securities Exchange (ESX) is set to go live in October, according to the state-owned media. The country has…...

Global credit ratings agency Fitch has downgraded one of Nigeria’s largest conglomerate Dangote Industries Limited owned by Aliko Dangote Africa’s…...

Geneva, July 30th, 2024 The Honorary President of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID), Dr…

President William Ruto’s new cabinet nominees have struggled to fight the ghosts of their pasts, with some battling allegations of…...

Kenya’s inflation in July fell to 4.3 per cent from 4.6 per cent a month earlier, according to newly published…...

Kenya’s Court of Appeal on Wednesday declared the Finance Act 2023 unconstitutional dealing a blow to President William Ruto. The…...

The World Bank has approved $1.5 billion financing for Ethiopia, a few days after the Horn of Africa nation devalued…...

Paris, 30 July 2024 – In a significant move, Societe Generale has signed an agreement to sell its 93.43% stake in…...

New York, July 22 2024 (ECA) – During a joint press briefing on the margins of the recently concluded 2024 High…...

Ethiopia’s central bank has revealed the recent devaluation of the birr has been an attempt to secure funding from the…...

House speaker Moses Wetangula has said it will take taxpayers about $714,829 (Ksh94 million) to renovate the National Assembly damages…...

By Mohamed H’MIDOUCHE*, Executive Vice President of the Morocco-Bulgaria Chamber of Commerce & Industry. The electricity sector in Morocco showcases…

Safaricom Plc, Kenya’s largest telecommunication and East Africa’s most profitable company reported a 17.5 per cent decline in share price…...

Adani Airport Holdings, a subsidiary of one of India’s largest conglomerates, has proposed to invest $1.85 billion to expand the…...

President William Ruto has named the remaining batch of cabinetsecretaries (CSs) which has featured leaders from Raila Odinga, leader of…...

Some 18 Kenyans including former ministers, directors and principal secretaries have been implicated in a controversial $108.9 million (Ksh14 billion)…...

South Africa’s central bank has kept its benchmark interest rate unchanged at 8.25 per cent in a split decision for…...

Kenya’s banking sector posted an 8.8 per cent decrease inprofitability in 2023 from $1.83 billion (Ksh240.4 billion) in December 2022,…...

Toyota’s dealer in Kenya, CFAO Motors has received the okay from the Competition Authority of Kenya (CAK) to make an…...

Tanzania’s Amsons Group has made a $182.9 million offer to buy a 100 per cent stake in Kenya’s Bamburi Cement…...

President William Ruto has fired all cabinet secretaries and Kenya’s Attorney General Justin Muturi following weeks of anti-government protest. In…

Fitch Ratings has reaffirmed the African Development Bank (AfDB)’s Long-Term Issuer Default Rating (IDR) at ‘AAA’, maintaining a stable outlook.…

YEELEN Financial Fund, a dedicated financial sector fund for the WAEMU region managed by Yeelen Capital, a member of the…

The Democratic Republic of Congo is yet to pay the $14 million it owes to the East African Community in…...

Ethiopia’s Prime Minister Abiy Ahmed is in talks with the International Monetary Fund (IMF) and the World Bank (WB) for…...

The ECOWAS Bank for Investment and Development (EBID) and the EU-Africa Chamber of Commerce (EUACC) have signed a Memorandum of…

The price of fresh tilapia increased to 8.7 per cent from 3.8 per cent pushing Uganda’s inflation from 3.6 per…...

Appointed Senior Executive Vice President (Finance, Administration, and Banking Services) of Afreximbank in December 2023, Denys Denya has a clear…