Exporters, importers, and logistics companies are irked by the Ethio-Djibouti Railway’s (EDR) exorbitant demurrage charges for small delays. As an alternative to railway transportation, a significant number of businesses are …
Tea farmers selling their produce to KTDA-managed factories recorded improved earnings in the July to mid-October period as volumes sold increased. Average prices for teas from KTDA-managed factories increased to …
The government is betting on the Kenya Revenue Authority (KRA) to collect Sh3trillion by the end of the year to fund the country’s development budget. Speaking during a meeting in …
Safaricom Ethiopia launches commercial services in Addis Ababa, ending the half-century old telecom monopoly that was under the control of Ethiopia telecom. At a press briefing held at the Hayatt …
The National Bank of Ethiopia ordered banks to freeze the accounts of over 392 individuals accused of trading foreign currencies in the parallel market. Yinager Dessie (PhD), governor of the …
One million daily laborers are required by the West Gondar Zone, which is a part of the Amhara Region, to harvest 6.9 million quintals this month. The call comes as …
The Insurance Supervision Directorate at the National Bank of Ethiopia (NBE) is set to become an independent insurance regulatory body separate from the central bank. It will evolve into a …
South African Airways (SAA) has resumed its operations in Kenya after shutting down for the last two years. The South-African national carrier has opened a new booking office in Yaya …
The value of Safaricom at the Nairobi bourse has dipped below the Sh1 trillion mark on foreign investors’ flight in the wake of rate hikes in the US. The telco …
South African retailer Massmart said on Wednesday that it had begun staff consultations about closing its Game stores in East and West Africa, after efforts to find domestic buyers for the stores failed. Massmart Chief Executive Officer …