How to Navigate Africa's Energy Transition
Threecrucial factorswill determinethe success of Africa's energy transition: sustainable finance, regional integration, and investor-friendly policy frameworks, writes Anibor Khragha, Executive Secretary at the African Refiners Distributors Association (ARDA). External [...]
Ethiopia Tightens VAT Rules to Widen Tax Base
Ethiopia has introduced sweeping changes to its Value Added Tax (VAT) system, requiring a broader range of businesses and professionals to register under the tax regime. The directive also extends [...]
Africa is Losing Billions Exporting Cocoa, Gold, and Cashews Unprocessed
Africa is losing out on billions of dollars each year by shipping out raw cocoa, gold, and cashews instead of turning them into chocolate, refined bullion, and packaged nuts, experts [...]Afreximbank's Half-Year Profit Rises to US$ 413 Mn on Liquidity Gains
The African Export-Import Bank (Afreximbank) has reported a slight increase in earnings for the half year ended June 2025, with internally generated net profit rising slightly to US$ 412.7 million, from [...]Mamo Mihretu Resigns as Ethiopia's Central Bank Boss After Reform-Heavy Tenure
Mamo Mihretu has stepped down as Governor of the National Bank of Ethiopia (NBE), ending a 32-month tenure that redefined the country’s monetary policy and financial regulation. On leaving the [...]
Paratus Breaks State Monopoly with Namibia’s First Private Mobile Network
Satellite connectivity firm, Paratus Group, has launched Namibia’s first private nationwide mobile network, entering a sector long dominated by state-owned operators and marking the most significant shake-up in the country’s [...]Sidi Ould Tah Succeeds Dr. Adesina as President of the African Development Bank
Dr. Sidi Ould Tah has been sworn in as the ninth President of the African Development Bank Group (AfDB), succeeding Dr Akinwumi A. Adesina who has completed his two terms. [...]
RwandAir Expands Fleet With Two Planes, Expects a Third in Q4
RwandAir, Rwanda's national carrier, has expanded its fleet in August with two leased Boeing 737-800 aircraft, bolstering its capacity for short and medium-haul flights. “RwandAir is pleased to have resolved [...]Kenya’s Foreign Ministry Inks Pact with Real Sources Africa to Deepen AfCFTA Trade
The Ministry of Foreign and Diaspora Affairs has signed a memorandum of understanding with Real Sources Africa, the country’s official AfCFTA trading company, to digitize trade facilitation across African markets [...]Japan Credit Rating Agency Affirms Afreximbank's A-/Stable Rating
Japan Credit Rating Agency, Ltd. (JCR) has affirmed the African Export-Import Bank’s (Afreximbank) A- issuer credit rating with a stable outlook. “JCR’s rating underscores our strong fundamentals and prudent risk [...]Ruto Backs African Credit Rating Agency at TICAD 9
President William Ruto has reiterated his support for the African Credit Rating Agency (AfCRA) to correct what he described as structural inequities in the global financial system that unfairly penalise [...]Joshua Oigara to Lead Stanbic’s East Africa Operations as Regional CEO
Standard Bank Group has appointed Stanbic Kenya CEO Dr. Joshua Oigara as Regional Chief Executive (RCE) for East Africa. At KCB, Dr. Oigara led major digital initiatives and regional expansion [...]
