Electricity users in Kenya are facing the burden of inflated power prices due to expensive contracts signed between Kenya Power and Independent Power Producers (IPPs), even though the private producers …
In recent weeks, currency traders across Africa have been closely watching movements in local markets, with particular focus on the Ugandan shilling and the Zambian kwacha. Both currencies are now …
The Brazilian Ambassador to Ethiopia, Mr. Jamdyr Ferreira Santos, has praised the New Development Bank (NDB) as a strong and fair alternative to traditional global lenders. He said the bank …
Uganda’s foreign exchange reserves have seen a major increase, jumping from $3.2 billion to $4.3 billion within one year. This rise represents about a 33% growth, giving the East African …
Uganda’s long-awaited journey to become a crude oil exporter is now on a fast track, as the East African Crude Oil Pipeline (EACOP) enters its final year of construction. The …
Addis Ababa, Ethiopia – The Federal Government of Ethiopia has begun active engagements with foreign diplomats and development partners as the country prepares to host the Second Africa Climate Summit …
While Nigerians continue to battle hunger and high food prices, experts say the country can learn valuable lessons from Ethiopia’s agricultural transformation. Ethiopia has successfully moved from being a net …
Ethiopia has secured a $1 billion funding package from the World Bank to support its ongoing economic reform programme and boost economic growth, the country’s Ministry of Finance announced on …
ECP Kenya Limited, a Nairobi-based investment firm affiliated with Washington-headquartered Emerging Capital Partners (ECP), has filed for voluntary liquidation, officially ending its operations in Kenya. The company, once famous for …
UAP Insurance South Sudan, a subsidiary of UAP Old Mutual Holdings, has officially withdrawn from the South Sudan insurance market, marking the end of its 19-year operations in the country. …