Ethiopia has unveiled more than $13.1 billion in new investment deals at the fourth Invest in Ethiopia 2026 High-Level Business Forum in Addis Ababa. The agreements span energy, manufacturing, mining, real estate and industrial development. Government officials, investors and business leaders attended the forum. Together, they used the event to present Ethiopia as a serious destination for […]
A U.S. federal jury has found that Elon Musk misled investors during his tumultuous 2022 acquisition of Twitter, marking one of the most consequential legal rulings yet on the power of social media to move financial markets. The decision, delivered in San Francisco this week, centers on a series of tweets Musk posted in […]
Nairobi – Kenya’s capital markets took a significant step toward greater sophistication on Wednesday as Africa Logistics Properties Holdings Ltd. (ALPH) listed East Africa’s first industrial real estate investment trust, a move backed by international development investors seeking to deepen investment opportunities in the region’s logistics and infrastructure sectors. The ALP Industrial Real Estate Investment […]
PETROAN Highlights the Refinery's Role in Stabilizing Domestic Fuel Supply The Dangote Refinery in Nigeria is being hailed as a ‘salvation’ by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PETROAN) amid rising global crude oil prices. As crude prices surge, the refinery is seen as a crucial asset for Nigeria, helping to […]
Rwanda continues to set the pace for the world in autonomous delivery systems, particularly in healthcare logistics and resilient supply chains. The country has become the first in the world to build a nationwide autonomous delivery network in partnership with Zipline, a U.S. drone logistics company, expanding from rural medical deliveries to integrated national coverage […]
Rwanda and Brazil have taken a significant step to boost bilateral trade and investment, with new agreements signed at the Rwanda-Brazil Economic Cooperation Forum held in Kigali today. During the forum, Jean-Guy K. Afrika, CEO of the Rwanda Development Board (RDB), and Jorge Viana, President of the Brazilian Export Promotion Agency (APEX-Brazil), signed a Memorandum […]
The Kenyan government is set to provide significant tax relief for low- and middle-income earners, a move aimed at boosting household income and helping workers cope with rising living costs. President William Ruto announced that salaried Kenyans earning up to Sh30,000 per month will be fully exempt from income tax, while those earning between Sh30,000 […]
When President William Ruto announced sweeping PAYE relief for low and middle-income earners on Tuesday, the message was framed as immediate relief for Kenyan households.
High costs and limited availability hinder green transition efforts. The airline industry is facing significant challenges in its transition to sustainable aviation fuel (SAF), as highlighted by the International Air Transport Association (IATA). The high costs associated with SAF and its limited supply are major barriers to achieving greener operations. Despite the industry’s commitment to […]
NCBA Group has struck an agreement that would hand South Africa’s Nedbank a controlling stake in the Kenyan lender, a move that positions Nedbank to re-enter East Africa at scale through one of the region’s most recognisable banking franchises.