Saudi Arabia shows interest in Angola’s oil and mineral resources
Saudi Arabian officials from the Ministry of Energy and Industry recently visited Angola in search of business opportunities in the country’s oil, gas, and minerals industry. Angola is the second [...]
Ethiopia Becomes 19th Country to Submit AFCTA Instruments
Ethiopia has deposited the instruments of the African Continental Free Trade Agreement, becoming the 19th country to do so ahead of the operational phase of AFCTA which is expected to [...]
Absa Group moves banking operations from the UK
The South African financial company Absa has successfully moved its operations from the UK to South Africa after its separation from Barclays UK. Absa, which owns Kenya’s Barclays bank, cut [...]Ethiopia Gov’t Begins Process of Privatising 13 Sugar Factories
Ethiopian Government has launched the Request for Information (RFI) which will set the pace started of privatising 13 sugar factories which are operational and under construction. The Ministry of Finance [...]Canada to Issue $1.1 Billion in Support of AfDB
Canada has committed $1.1 billion in temporary callable capital to support the African Development Bank, Canada’s Minister of International Development Maryam Monsef said on the sidelines of the World Bank-IMF [...]
Tanzania stops release of an IMF report on its economy
The Tanzanian government has stopped the release of an important report published by the International Monetary Fund touching on the country’s economic situation and monetary policies. The IMF regularly monitors [...]Google Opens AI Centre in Ghana
Google has opened an Artificial Intelligence Research Center in Accra, Ghana, the first of its kind in Africa. Google's head of AI Accra, Moustapha Cisse said that the lab in [...]Zimbabwe Exceeds 2018 Revenue Targets by $ 1.18 Billion
Zimbabwe has surpassed its 2018 revenue targets by US$ 1.18 Billion, according to the fourth quarter report issued by the Finance Ministry. The increase was attributed to the Government policies [...]Kenya Receives Highest Diaspora Remittances in EA
Kenya received $10.74 billion from its citizens living abroad between 2013 and 2018, topping the East African region as the biggest beneficiary of diaspora remittances; this is according to the [...]Jumia stock price jumps up 75% on first day of trading
On Friday, Africa focused e-commerce platform Jumia listed on the New York Stock Exchange. The e-commerce firm, founded by French entrepreneurs, Jeremy Hodara and Sacha Poingnonnec, started operating in Nigeria [...]DHL Africa Rolls out e-commerce platform
DHL is rolling out its DHL Africa online shop app which will help traders to sell their products for markets in Africa. The online shop will operate using the link [...]Ethiopian Banks to upgrade their accounting systems to IFRS 9
17 Ethiopian Banks have hired KPMG to help them upgrade from the old accounting system IAS 36 to the new international accounting standard IFRS 9. The accounting firm will assist [...]
