ADDIS ABABA, (Xinhua) — China-Africa trade cooperation is playing a pivotal role in fostering inclusive and sustainable development across Africa, a senior official with the United Nations Conference on Trade and Development (UNCTAD) said on Friday. Diane Sayinzoga, UNCTAD’s chief … Continued
ADDIS ABABA, (Xinhua) — Ethiopia attracted 3 billion U.S. dollars in foreign direct investment (FDI) in the first 10 months of the current Ethiopian Fiscal Year 2023/2024, which started July 8, 2023, an Ethiopian official has said. Hanna Arayaselassie, chief … Continued
Hopes of the Kenya Shilling strengthening against the US dollar to the pre-2020 level of about 101 can only be realised sometime in September, according to market analysts. The latest monetary update by the international research body, Economic Intelligence Unit … Continued
The interest by Ethiopia and Uganda in importing goods through Lamu could be the lifeline that the largely moribund port needs even as it continues to register growth in business. Last week Ethiopia received the first shipment of 60,000 tonnes … Continued
KIGALI, Rwanda– Kenya’s President William Ruto Friday called for reforms of international financing institutions to ensure a more inclusive approach. Speaking at the Africa CEO Forum 2024 in Rwandan capital Kigali, Ruto stressed the need to democratize the boards of … Continued
Senior Safaricom executives focused on progress in building its business in Ethiopia along with a group wide transformation effort in fiscal 2024 (the year to end-March), a period when it booked gains in key earnings. Chiefs asserted the company is … Continued
African heads of state convened in Nairobi for the International Development Association (IDA) summit, with a focus on favorable lending terms and strategies to bolster sustainable development across the continent. Established in 1960 as part of the World Bank, the … Continued
The African Union peacekeepers in Somalia say they will not cede the security of the strategic commercial infrastructure yet, even as they hand over more responsibilities to the Somali National Army. The Mogadishu seaport remains key to securing the capital … Continued
PANAMA CITY (AP) — Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged roles. The repercussions … Continued
APA-Addis Ababa (Ethiopia) Africa has seen increasing debt, financial and climate challenges amid remarkable resilience against a series of shocks, Claver Gatete, Executive Secretary of the United Nations Economic Commission for Africa (UNECA) has said. A press statement issued by the … Continued
In a move that may reflect a political backlash, Kenya has replaced Caroline Mwende Mueke, the nominee for East African Community (EAC) secretary-general, just two days before her expected swearing-in. Instead, Nairobi said on Monday that it would unveil Veronica … Continued
KAMPALA, (Reuters) – A unit of Djibouti-based Salaam Group launched in Uganda on Wednesday as the country’s first Islamic banking-compliant financial institution, the Ugandan president’s office said. The launch of the Salaam Bank Limited’s operations follows a law legalising Islamic … Continued
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