Google, Facebook, Amazon to Testify in U.S. against French Digital Tax

Alphabet Google unit, Facebook and Amazon are among the companies that will testify Monday at a U.S. government hearing on the French government’s digital...

Egypt, Italy clinch deal to establish joint commercial centre: Official

Egypt and Italy signed an agreement to build a joint commercial centre, a senior official in the Federation of Egyptian Chambers of Commerce (FEDCOC)...

Banks must prepare to serve the growing number of Billionaires in Africa

The number of millionaires and billionaires in Africa continues to rise. Catering to these high-net-worth individuals is set to become more challenging as a...

Ethiopia: Dashen Bank Launches 100m Birr Job Creation Initiative

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

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...

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...

UBA wins award as African Bank of 2019

The United Bank for Africa (UBA) has been named the ‘African Bank of the Year 2019’ The award was given...

AfDB to Finance Ethio – Djibouti Joint Road Project

African Development Bank (AfDB) and Ethiopia ink a $98 million grant agreement from the African Development Fund (ADF) to finance the first phase of...

World Bank warns CBN against support for undercapitalized banks

The World Bank has warned that the assets of Nigerian commercial banks may deteriorate if the Central Bank of Nigeria continues to support undercapitalised...

Business confidence in economy rises to 29 index points — CBN

Business Confidence Index rose by 1.7 index points to 29 index points in November indicating rising optimism in the nation’s macro economy condition.

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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...