Ethiopia on Final Stages to Liberalise Aviation Industry
The Ethiopian Civil Aviation Authority has drafted a regulation which paves way for the liberalization of the country’s aviation industry. The regulation is pending Attorney General's legal review. It mainly [...]
Motor Company Hyundai opens assembly plant in Ethiopia
South Korean motor vehicle manufacturer Hyundai has set up an assembly plant in neighboring Ethiopia. It is Hyundai’s first plant in the East African region. Mr. Haile Gebraselassie, one of [...]
Ethiopia's Ethio-Telecom set to be Privatised
Ethio Telecom will be the first state-owned company to be partially privatised, Ministry of Finance Communication Director, Haji Ebsa has confirmed. Ebsa said that the telco will be given [...]Uganda's Declining Foreign-Currency Lending a Credit Positive – Moody’s
Uganda’s declining foreign-currency lending is a credit positive for its banks as it will support their asset quality and reduce negative pressure on some banks’ foreign-currency funding and capital adequacy, [...]Kenya, Rwanda Tanzania Among Africa's Most Attractive Investment Destinations in 2019 RMB
A new study by South Africa’s Rand Merchant Bank has ranked Kenya, Rwanda and Tanzania among Africa’s most attractive destinations in 2019 taking fifth, sixth and seventh positions respectively. The [...]Ethiopia Sets Up Telcom's Authority as it Opens its Market to Local and Global Investors
Ethiopia government, under the leadership of its Prime Minister Abiy Ahmed, has opened up its telecommunications economy both to investors in the country and foreign aimed at achieving “the government’s [...]Kenya-Ethiopia Trade to hit $175M Upon Completion of 895-kilometre Highway Corridor in H1 2019
Trade between Kenya and Ethiopia is expected to increase significantly to $175 million this year due to the 895-kilometre highway corridor linking the two countries. The Mombasa-Nairobi-Addis Ababa road, conceptualised [...]Airtel Africa Receives $200 million from Qatar Investment Authority
Airtel Africa has received $200 million investment from Qatar Investment Authority, the sovereign wealth fund of Qatar government. The money will be used to reduce the Telco’s existing debt. Airtel [...]StanChart Unveils its Second Wave of Digital Retail Banks in Africa
Standard Chartered Bank has today unveiled its second phase of digital-only retail banks across Africa, targeting four key markets in the first quarter of 2019 to meet increasing consumer demand [...]
AfDB Approves $25 million Equity Investment for Africa Renewable Energy Projects
The African Development Bank has approved an equity investment of up to $25 million for the African Renewable Energy Projects. The investment is part of ARCH Africa Renewable Power Fund [...]German Carmaker to Establish Assembly Plant in Ethiopia
Volkswagen has announced its plan to establish a car assembly in Ethiopia, a huge boost to the country’s manufacturing industry. The announcement was made in the presence of German President [...]Absa Group Announces Retirement of Maria Ramos, Appoints Interim CEO
Absa Group has announced the retirement of its Chief Executive Officer Maria Ramos who will leave office at the end of February 2019 after ten years at the helm. The [...]
