Ethiopia becomes third African state to default on sovereign debt

Ethiopia became Africa’s third default in as many years on…

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Uganda takes the lion’s share of FDI into region, creates 6,300 jobs

Kenya, Tanzania and Uganda attracted over $13.3 billion worth of…

read More Uganda takes the lion’s share of FDI into region, creates 6,300 jobs

Tanzania loses correspondent bank on weak anti-money laundering laws

Tanzanian financial sector has lost correspondent banking over weak anti-money…

read More Tanzania loses correspondent bank on weak anti-money laundering laws

Tigray industry bureau requests interest waivers, credit lines for struggling manufacturers

The Tigray Transitional Administration’s Industry Bureau has filed an official…

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Ethiopia continues to face critical humanitarian needs: UNFPA

The United Nations Population Fund (UNFPA) has said Ethiopia continued…

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AfDB to withdraw international staff from Ethiopia after assault

The African Development Bank (AfDB) will “immediately” withdraw all its…

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IMF board okays $150.5m budgetary support for Tanzania

The International Monetary Fund (IMF) board has approved the disbursement…

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DRC pledges to restore “urban forests” around Kinshasa as first-line of defence

The Democratic Republic of Congo (DRC) is a wealthy country…

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Ugandan serial killer sentenced to 105 years in prison

The High Court in Kampala, Uganda, has sentenced 25-year-old Musa…

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4 mln flood victims in dire need of humanitarian aid in East Africa: charity

More than 4 million people who have been impacted by…

read More 4 mln flood victims in dire need of humanitarian aid in East Africa: charity