NIB Bank has entered a major partnership with Arifpay Financial Technologies, one of Ethiopia’s top fintech firms, in a move that is expected to strengthen the country’s digital economy. The …
Eastern Africa
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Banking, Finance & InvestmentDevelopmentEconomyEthiopiaFintech
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AfricaAFRICA NEWSEastern AfricaGOVERNMENTInternational RelationsPolicies
Tanzania Rejects Human Rights Violation Claims at UN Human Rights Council Session
The Government of Tanzania has firmly denied recent accusations of human rights violations raised by a representative of the East and Horn of Africa Human Rights Defenders Network. Speaking at …
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AfricaAFRICA NEWSEastern AfricaEconomyINVESTMENTLeadershipPolitics
President Mwinyi Receives Special Recognition for Championing Investment in Zanzibar
ZANZIBAR CITY – Zanzibar President Dr. Hussein Ali Mwinyi has been honoured with a Special Recognition Award by the Zanzibar Investment Promotion Authority (ZIPA) for his outstanding role in transforming …
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AfricaAFRICA NEWSAviationBusinessBusiness and EconomyEthiopiaTrade and CommerceTransportation & Logisitics
Ethiopian Airlines Expands Indian Network with New Hyderabad Route to Boost Africa-Asia Connectivity
ADDIS ABABA / HYDERABAD – Ethiopian Airlines, Africa’s largest airline and one of the world’s fastest-growing aviation brands, has launched a new passenger route to Hyderabad, India, further deepening its …
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DevelopmentEastern AfricaEconomyFinance & ServicesGOVERNMENTPolitics
President Samia Orders Councils to Boost Tax Collection
President Samia Suluhu Hassan has directed all local councils in Tanzania to increase efforts in collecting taxes and levies, stressing the urgent need for the country to grow financially independent …
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Business and EconomyDevelopmentEastern AfricaEnergyInfrastructureInternational RelationsNewsOil & Gas
Uganda, Tanzania, Zanzibar Sign Oil and Energy Deal
The governments of Uganda, Tanzania, and Zanzibar have signed a tripartite Memorandum of Understanding (MoU) aimed at strengthening cooperation in the petroleum and energy sectors. The signing ceremony took place …
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BusinessEastern AfricaEconomyFinance & ServicesGOVERNMENTNewsPoliciesTechnology
East African Nations Urged to Embrace Digital VAT Reforms
Tax experts and policy makers have called on East African countries to fully embrace digital systems in the collection of Value Added Tax (VAT) to improve compliance, close revenue gaps, …
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AgricultureEastern AfricaEnergyEnvironmentGOVERNMENTPolicies
VRA Warns Against Farming, Construction Within 280ft Contour of Volta Lake
The Volta River Authority (VRA) has issued a firm warning to Municipal and District Assemblies, as well as traditional authorities, to strictly halt all forms of farming and construction within …
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Eastern AfricaFinance & ServicesGOVERNMENTINVESTMENTMarketsPolicies
Ethiopia to Start Selling Government Bonds on New Stock Exchange Platform
The Ethiopian government is set to begin selling government bonds through the newly launched Ethiopian Securities Exchange (ESX) starting from July 2025, a move expected to boost domestic financing and …
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Banking, Finance & InvestmentEastern AfricaEconomyINVESTMENTPolicies
Ethiopian Banks in Deep Liquidity Crisis
Commercial banks in Ethiopia are currently grappling with a serious liquidity crisis, raising concerns across the financial sector. According to insiders who spoke to The Reporter, the problem is being …