S. Korea inks multi-billion-dollar loan deals with Tanzania, Ethiopia
South Korea's summit with African leaders is resulting in major economic deals, as Tanzania and Ethiopia signed…
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Ethiopia
Thailand seeks entry into BRICS
Thailand targets BRICS membership this month to enhance its global standing alongside Brazil, Russia, India, China…
Huawei launches $300m cloud zone in Egypt
Huawei Cloud has launched its first cloud zone in Egypt, investing $300 million to become the first company…
Vodacom’s profits dip 10.8% on Ethiopia startup costs
Vodacom Group reported a 10.8 per cent decline in full-year earnings on Monday, citing start-up losses in Ethiopia…
Africa’s high debt service stalls 2030 agenda progress – UN
Africa is grappling with multiple crises, including a 183 per cent debt increase since 2010, quadruple the region’s…
Ethiopia-Djibouti railway earns $50m in 9 months
The China-built Ethiopia-Djibouti railway has been successful, generating 2.84 billion Ethiopian birrs ($50…
IMF board passes amendment to grant more freedom to assist countries in crisis
The International Monetary Fund's (IMF) Board has approved a significant amendment aimed at granting it greater…
Paris Club pushes Ethiopia’s IMF deal deadline to June
The Paris Club, a group mainly comprising developed country creditors, reportedly extended Ethiopia's deadline to…
Africa’s sovereign bond rally continues unabated
Africa's sovereign bond rally continues unabated, with prices reaching nearly two-year highs in countries like…
Bayer to outsource 3rd party for business in Africa
Germany's Bayer announced that it would hire a third party to distribute its pharmaceuticals in four African…
