African Development Bank (AfDB) approves USD 50 million equity investment and USD 50 million convertible loan to seed the establishment of the multi-investor USD 500 million Facility for Energy Inclusion (FEI).
In an attempt of solving inconveniences that customers face while travelling from one region to another, Kifiya Financial Technology, a local IT company, introduced a digital booking, payment and ticketing service for…
The 11th African Economic Conference (AEC) wound up in Abuja, Nigeria on Wednesday, after three days of intensive discussions on how African countries can achieve agro-allied industrialization. Over 300 participants attended the…
RENEW announce the launch of a vital investment and business acceleration project in Ethiopia. The project, formally called Accelerating Business Growth (ABG), is made possible through the public-private partnership between RENEW and…
Fintech, the Pan-African information technology solution provider based in Kenya, vows to finalize installation of cheque authentication and verification technology to its client banks before the December 31, 2016 deadline set by the…
By the volume of the electricity it generated from geothermal energy source between 2010 and 2015, Kenya becomes the top nation in the world.
By Andualem Sisay Gessesse – Ethiopia is working to increase electricity power export to its neighboring countries including Sudan, Djibouti, Kenya and Tanzania, a government official said.
By Andualem Sisay Gessesse – Dr. Allan Makenzie is born and grown up in the rural village of Kenya within Machakos County. Thanks for his hardworking parents engaged subsistence farming, he managed…
The inter-governmental Authority n Development (IGAD), the eight-country trade and development bloc in eastern Africa, has launched a report on Al Shabaab that highlighted the extremist group is changing tactics.
After Eritrea became an independent nation in 1993, the country was doing well economically and politically. In fact, at one point it becomes top coffee exporter in Africa without planting a single…
Azerbaijan urges African Union member states to call on the UN to start implementing resolutions of UN Security Council,which demands Armenian forces to unconditionally and immediately withdraw from occupied territories of Azerbaijan.
Finance, monetary affairs, economic planning and integration ministers of African countries began discussion in Addis Ababa, this morning on how the continent brings an end to its suffering from global commodity prices…
BY ANDUALEM SISAY GESSESSE-The tax income of Ethiopia over the past six months has increased by 10% compared to last year same period (August 8, 2014 – Jan 7, 2015), Prime Minister…
For people from certain cultures, touching worms with bare hands is disgusting. Not so for Geleta Hailu, an Ethiopian entrepreneur. Together with his employees, they have been producing silk from silk worms…