Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as local banks, officials at the National Bank …
Officials at Debre Birhan are eyeing almost USD 400 million in foreign direct investment (FDI) as they edge closer to organize the first regional international expo in the city, which …
Pan-African real estate firm VAAL Real Estate has unveiled its 5th development project targeting home-owners as well as businesses in Nairobi. The Symphony Residence will be located at Lavington, consisting of …
The Electricity Sector Association of Kenya (ESAK) is banking on new measures to ensure the country achieves a 100 per cent renewable energy transition by 2030. This comes ahead of …
Kenya Breweries Limited (KBL) is seeking to enroll over 5,000 new farmers to grow sorghum for the production of its Senator Keg Lager. The brewer seeks to increase the number …
Uber and Bolt drivers have staged demonstrations after the Government failed to implement a commission cap of 18 per cent on fares. Digital drivers accuse the National Transport and Safety …
East Africa Portland Cement Company (EAPCC) says it has completed the settlement of KCB’s Sh6.8 billion loan via land transfers to the lender, cutting its finance costs by Sh735 million …
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever Mastercard is accepted. The Mastercard virtual payment solution, linked to …
Ethiopian Airlines has requested the government to raise its paid up capital to 300 billion birr, a three-fold increment from the current 100 billion birr. The group’s fast-growing asset and …
The Ethiopian Commodity Exchange (ECX) is in the process of starting to facilitate the trading of wheat on its floor. The crop will return to the Exchange’s trading floor after …
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