CBN Introduces Electronic Form to Facilitate Exports

The Central Bank of Nigeria (CBN) has introduced electronic forms for commercial exports (e-Form NXP) to replace the hard copy form that was in...

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...

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...

Ethiopia Secures Over $ 140 Million USD Export Revenue from Industrial Parks

Ethiopia earned 140.6 million US dollars in export revenue from industrial parks in the concluded Ethiopian fiscal year, ended July 7, 2019, according to...

Bill Gates, Mo Ibrahim and Aliko Dangote Discuss Africa’s Future

Philanthropists Bill Gates, Mo Ibrahim and Aliko Dangote took to the stage at Africa Center to chat about the future of business on the...

Japan Plans to Double Africa’s Rice Production by 2030

The Sasakawa Association will work with the Japan International Cooporation Agency (JICA), to help double rice production to 50 million tonnes by 2030.  Japanese...

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. 

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...

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...

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...

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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...