The government of Kenya has unveiled its budget for the 2025/2026 financial year, with a total value of KSh 4.29 trillion, which is about $32.8 billion. This marks the first …
Eastern AfricaEconomyFinance & ServicesInfrastructureKenya
- EconomyGOVERNMENTInternational RelationsNigeria
Nigeria Owes Over $19.5m in UN Dues Despite Global Funding Crisis
Nigeria has only paid about 36 per cent of its financial contributions to the United Nations (UN) over the past five years, raising concerns about the country’s commitment to its …
- Banking, Finance & InvestmentDevelopmentEconomyInfrastructureINVESTMENTTrade and Commerce
Afreximbank Facilitates $32 Billion in Ethiopian Trade Payments in 2024
The African Export-Import Bank (Afreximbank) has announced it facilitated a record USD 32 billion in international trade payments for Ethiopian businesses in 2024, through its AfPAY Trade Payment Services platform. …
- EconomyFinance & ServicesGOVERNMENTLabourPolicies
Ethiopia’s Income Tax Amendment Draws Fire Over Lack of Clarity on Salaried Brackets
A proposed amendment to Ethiopia’s Income Tax Proclamation is facing growing backlash from civil society groups, tax experts, and salaried workers over the absence of clear tax brackets for individuals, …
- Eastern AfricaEconomyFinance & ServicesPolicies
Ethiopia’s Foreign Debt Payments to Consume Nearly 30% of Proposed 2025/26 Budget
Foreign debt servicing is set to consume nearly 30% of Ethiopia’s proposed federal budget for the 2025/26 fiscal year, Finance Minister Ahmed Shide told lawmakers on Tuesday, as the country …
- Banking, Finance & InvestmentBusinessEastern AfricaINVESTMENTPolicies
Kenya’s KCB Group Set to Become First Foreign Bank to Enter Ethiopian Market
Kenya Commercial Bank (KCB) Group Limited is poised to become the first foreign banking institution to enter the Ethiopian financial services sector, following the country’s recent banking liberalisation reforms. Sources …
- BusinessEconomyINVESTMENTPoliciesSouth AfricaTrade and Commerce
South African Business Confidence Improves Slightly in May Amid Strong Rand and Commodity Rally
Business confidence in South Africa picked up modestly in May, rebounding from a sharp decline in April, according to data released by the South African Chamber of Commerce and Industry …
- DevelopmentEconomyFinance & ServicesInternational RelationsLeadershipWestern Africa
AfDB Governors to Choose Adesina’s Successor as Presidency Winds Down
The 60th Annual Meetings of the Board of Governors of the African Development Bank (AfDB) have wrapped up in Abidjan, Côte d’Ivoire, with one of the top items on the …
- EconomyEnvironmentGOVERNMENTInternational RelationsNigeria
Nigeria Reaffirms Commitment to Ocean Protection at Monaco Blue Economy Forum
Nigeria has reiterated its commitment to the protection and sustainable management of ocean resources, with the Minister of Marine and Blue Economy, Adegboyega Oyetola, representing the country at the Blue …
- Eastern AfricaPoliciesPoliticsRwanda
Rwanda Quits ECCAS, Citing DRC’s Influence and Dysfunction in Regional Bloc
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), accusing the regional bloc of failing in its duties and allowing itself to be manipulated by the …