Ethiopia: Dashen Bank Launches 100m Birr Job Creation Initiative

Dashen Bank HQ in Addis Ababa, Ethiopia Dashen Bank has announced a 100 million...

Top Investment Banks Provide Billions to Expand Fossil Fuel Industry

The world’s largest investment banks have provided more than $700bn of financing for the fossil fuel companies most aggressively expanding in new coal, oil...

Africa’s Economy to Grow Despite External Shocks: Economic Outlook 2020

Africa’s economic growth that remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 and 4.1...

Mobile Phones Replace Bank Accounts in Africa

It doesn’t look like the hub of an online bank. But that’s what the yellow and blue metal kiosk becomes when Albert Agane locks himself...

ECX to Establish Academy to Train African Exchanges Staff, Traders

The Ethiopia Commodity Exchange (ECX) disclosed that it has planned to establish an academy this Ethiopian budget year. The establishment objective of...

Commercial Bank of Ethiopia declares Close to 18bn birr Profit

The Commercial Bank of Ethiopia (CBE) disclosed that it has earned 17.9 billion Birr profit during the concluded Ethiopian fiscal year. 

Zimbabwe is Getting Another New Currency

Zimbabwe's central bank chief, John Mangudya, says he will introduce a new currency in the next two weeks to address biting liquidity shortages in...

Ethiopia Licenses First Foreign Leasing Company

The Government of Ethiopia granted a license to Ethio Lease, the first foreign-owned company to receive a financial services license in the country.

Ethiopian FM Appreciates UNIDO’s Support

Ethiopia’s Minister of Foreign Affairs, Gedu Andargachew thanked the United Nations Industrial Development Organization (UNIDO) for its valuable support to Ethiopia’s Industrialization drive.

South Africa’s Debt Becoming “unsustainable” – IMF

South Africa’s public debt, which is approaching rating agencies’ red line of 60% of economic output, is reaching uncomfortable levels, an IMF official said...

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Ethio-Kenya Electricity Highway Project Nearing Completion

The Ethio-Kenya Electricity Highway Project is expected to be ready for testing and commissioning at the end of this Ethiopian year, according to Ethiopian...

Presidents Sahlework, Museveni Confer on Grand Ethiopian Renaissance Dam

President Sahlework Zewdie has conferred with Ugandan President Yoweri Museveni on the Grand Ethiopian Renaissance Dam (GERD) and wide ranging bilateral, regional, and international...

Aviation Africa 2020 underway in Ethiopia

The 5th Aviation Africa Summit and Exhibition is being held in Addis Ababa, Ethiopia. The two-day summit is a major event for the...