Rwanda Waives Visa Fees for All Africans
Rwanda's claim for visa openness gained a boost following cabinet's approval to waiver visa fees for African visitors. In a meeting held on Friday March 6, the cabinet dropped entry [...]
Bollore Opens Ethiopian Subsidiary
Bolloré Transport and Logistics has officially begun operations in Ethiopia through a joint venture with Ethiopian firm, CLS Logistics. CLS Logistics has been Bolloré's exclusive agent since 2008 and the [...]Nigeria ranked Africa's Largest Economy in 2019
Nigeria claimed the top spot as Africa's largest economy, ousting South Africa whose economy recently slid into a recession. According to the All Progressives Congress (APC), the 2019 Gross Domestic [...]
Somalia Clears Arrears to World Bank Group
The Federal Government of Somalia has cleared its arrears to the International Development Association (IDA), completing the process of normalizing its financial relationship with the World Bank Group. With this [...]South Africa to Create $2 Billion Sovereign Wealth Fund
South Africa has announced plans to establish a $2 billion Sovereign Wealth Fund (SWF), drawing funds from the sale of state assets, gas royalties, and other sources of income. Possible [...]Ethiopia to Receive KSh5 Billion for Reforms
Ethiopia is set to receive KSh5 billion from the United States, in support of its reforms that seek to empower the private sector. Through its newly created International Development Finance [...]Zambia Signs Deal with Chinese Firm to Upgrade Railway
Chinese firm, China Railway Construction Corporation, has bagged a $825 million (KSh84 billion) contract to upgrade Zambia's railway tracks. According to the company, the upgrade will span across 650 kilometers [...]Grand Ethiopian Renaissance Dam Construction Uncertain After Failed Talks
The process of filling the Grand Ethiopian Renaissance Dam (GERD) is still unknown after talks between Ethiopia, Egypt and Sudan, facilitated by the United States, failed. This unfolded after Ethiopia [...]East African Countries to Raise Tax on Imported Mitumba' Clothes
Governments in East Africa are set to raise the tax on imported clothes, following a tax review that proposes an increase of between 30% and 35%. The move seeks to [...]Rolls-Royce Records 25% Jump in Full Year Profit in 2019
Aircrafts engine-maker, Rolls-Royce, has posted a 25% increase in operating profit in the full year period that ended on 31st December 2019, from £616 million in 2018 to hit £810 [...]Strive Masiyiwa's Econet to Bid for Telecoms License in Ethiopia
Zimbabwe Billionaire, Strive Masiyiwa's Econet is set to bid for a telecommunication license to operate in Ethiopia. This comes after Ethiopia announced intentions to sell close to 49% of Ethiopian [...]Ethiopian Airlines Posts $260 Million Half Year Profit
Ethiopian Airlines has posted a $260 million gross unaudited profit during the first six months of its current fiscal year, which is equivalent to 7.8 billion Ethiopian Birr (ETB). According [...]
