Ethiopia Lifts Import Bans on Multiple Items, Maintains Ban on Fuel-Powered Cars
Ethiopia has removed import bans on more than 35 items but maintained its ban on imported fuel-powered cars, its Ministry of Finance said on Tuesday. In October 2022, the Ethiopian [...]
Ethiopian Airlines Posts US$ 7.2 Bn Revenue amid Recent Backlash
Ethiopian Airlines has posted US$7.02 billion in revenue for the fiscal year 2023/2024, which ended on July 7. This represents a 14 per cent increase compared to the fiscal year [...]Kenya, Uganda Discuss Eldoret-Kampala Pipeline Extension
Kenya and Uganda have officially started discussions on extending the petroleum products pipeline from Eldoret to Kampala, which would cost of overland transport to Uganda and beyond. Extension of the [...]
IMF Approves US$3.4 Billion for Ethiopia
The International Monetary Fund (IMF) Executive Board has approved US$3.4 billion under the Extended Credit Facility (ECF) for Ethiopia, following 5 years of negotiations. This is a landmark moment for Ethiopia, [...]Major African Headlines To Start Your Week: Currency Reforms, Geopolitical Tensions
There have been key developments across the African continent that will shape the markets over the next week and months including Ethiopia's radical plan to finally float its currency amid [...]Birr Slumps as Ethiopia Floats Currency to Meet IMF Conditions
Ethiopia has announced plans to liberalize her foreign exchange market effective today, ahead of the IMF meeting. The liberalization is expected to enhance the competitiveness and inclusiveness of the financial [...]EU, US Sanction Rebel Leaders for Conflict in Eastern DRC
The European Union (EU) and US have sanctioned more than ten people, including a high-ranking Rwandan military officer, and two entities, for serious human rights violations and abuses in the [...]Airtel Africa's Customer Base Surpasses 155 Million Q1 Report
In its latest quarterly results for the period ended in June, Airtel Africa has reported a profit after tax of US$ 31 million representing a 120% Year-On-Year growth as the [...]Stock-trading App Hisa in Acquisition Talks with Nigerian Fintech Risevest
Nigerian fintech startup Risevest, which provides users with access to global investments and Nigerian stocks, is reportedly in talks to acquire Hisa, a Kenyan startup that offers access to US [...]Minka: A Fintech's Story From Latin America to Africa
Minka, a Colombian fintech that recently announced operations in the region, is trying to resolve the complexities of interbank transactions.African Startups in 13 Countries to Lose Greatly after Mercury Bank Announces Closures
Effective 22nd August this year, American digital bank, Mercury Bank will close all business accounts in 37 countries around the world a move that has caused jitters within the [...]Africa Explores Consolidated Financial Institutions to Power Projects
Africa is exploring innovative financing, including the establishment of African Union Financial Institutions, that is the African Central Bank, the African Investment Bank, and the African Monetary Fund, and the [...]
