HARARE, ZIMBABWE – The government of Zimbabwe has announced that it will stop all exports of lithium concentrate starting January 2027. This is part of its broader plan to boost …
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BusinessDevelopmentEconomyEnergyInfrastructureINVESTMENTPoliciesTrade and Commerce
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CBK Moves to Raise KSh 50 Billion from Reopened Bonds
he Central Bank of Kenya (CBK) has announced plans to raise KSh 50 billion through the reopening of two infrastructure bonds to support the country’s growing financial needs. The move …
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DevelopmentFinance & ServicesGOVERNMENTPolicies
Ethiopia Establishes Disaster Risk Response Fund Amid Global Aid Cuts
Parliament has voted to establish the Ethiopian Disaster Risk Response Fund, in a landmark move designed to reduce the country’s growing reliance on foreign aid in the face of recurring …
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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, …
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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 …
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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 …
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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 …
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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 …
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AfricaBusinessEconomyFinance & ServicesNatural ResourcesPolicies
Zimbabwe’s Gold Production Up 27% in May 2025 as Small-Scale Miners Drive Growth.
Harare, Zimbabwe – Zimbabwe’s gold mining sector has recorded strong growth in May 2025, with official figures showing a 27.6 per cent rise in deliveries compared to the same period …
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EconomyFinance & ServicesGOVERNMENTKenyaPolicies
Kenyan Government Cuts Ksh314 Billion from 2025 Finance Bill
The Kenyan government has announced a major change in its financial plans by cutting down its revenue target in the 2025 Finance Bill by Ksh314 billion. This decision comes after …