Ethiopia's Creditors Committee Set to Meet on Monday
Ethiopia's creditors' committee will meet on Monday, a source briefed on the matter said on Tuesday, moving the cash-strapped African country a step closer to restructuring its debts under a [...]
Ethiopia Fetches $1.4 Billion Revenue from Coffee Exports
The Ethiopian government has made a record $1.4 billion revenue from exporting 300,000 metric tons of coffee during the just-concluded Ethiopian 2021/22 fiscal year that ended on 7th July. Compared [...]
Zimbabwe Set to Begin Oil Drilling in August
Zimbabwe is poised to begin drilling oil next month following the arrival of the first batch of drilling equipment in the country. Prospective drilling for oil and gas in the Muzarabani [...]Ethiopia's Inflation Rate Declines for the First time in Four Months
Ethiopia’s inflation decelerated in June for the first time in four months as food prices increased at the slowest pace since August. The annual inflation rate in the Horn of [...]Egypt's Inflation Slows Down to 13.2% in June
Inflation in Egypt slowed in June after a six-month acceleration that left the country facing some of its biggest cost increases in years. Consumer prices in Egypt rose 13.2% from [...]Uganda Airlines Appoints Jennifer Bamuturaki as New CEO
Uganda Airlines has appointed Jennifer Bamuturaki as its new Chief Executive Officer. Ms Bamuturaki has been serving as interim CEO for more than a year after the firm suspended and later [...]Emirates Supports MSMEs with a Business Reward Programme
Emirates is empowering MSMEs to seek growth opportunities with an attractive incentive for new members who enrol into the Emirates Business Rewards programme. Eligible businesses around the world who sign [...]Rising Jet Fuel Prices Likely to Drive African Airlines to $4 Billion Losses
Africa Airlines Association (AFRAA) projects African airlines to record $4.1 billion loss this year on the back of expensive jet fuel. This is equivalent to 23.4% of 2019 revenues. The [...]Autochek Expands to Francophone Africa by Acquiring CoinAfrique
The automotive technology company facilitating auto financing across Africa, Autochek has expanded to Francophone Africa after acquiring CoinAfrique, a classified ad marketplace. Autochek is looking to tap CoinAfrique’s regional customer base in Francophone [...]Gambia Signs $68 Million World Bank Grant to Revive Tourism
Gambia and World Bank signed a $68 million grant on Tuesday to revive the ocean-facing West African country's tourism sector, representatives of both parties announced at a ceremony. The grant [...]Kenya Surpasses South Africa as Top Avocado Exporter in Africa
Kenya has surpassed South Africa to become Africa’s top exporter of avocados. In the central region in particular, where the majority of the country’s small-scale avocado farmers are found, coffee [...]Celo Announces New Web3 Fund for African Startups Adopting Crypto Strategies
With the goal of supporting an inclusive financial system that contributes to prosperity for all, mobile-first blockchain ecosystem Celo launches a new programme to support African startups across payments, remittances, [...]
