Strike Rate of FDI in Ethiopia Less than 40%
(3 Minutes Read) The Commission’s ‘FDI Licensing and Post-investment Implementation Systems’ covers six years leading up to 2025 and was published this month despite being...
Hibret Insurance of Ethiopia Registers Record Profits
(2 Minutes Read) Hibret Insurance also reported net investment income of Birr 544 million. Insurance service revenue for the year reached Birr 765 million, a...
Somalis Demonstrate Against Trump’s Comment on Immigrants
(3 Minutes Read) There are more than a quarter of a million people of Somali descent living in the US, including Democratic Congresswoman Ilhan Omar,...
M-PESA Ethiopia Unveils “M-PESA LeHulum,” a Universal Mobile Money Platform Open to All Networks
(3 Minutes Read)
M-PESA Ethiopia has announced the launch of M-PESA LeHulum, a fully telco-agnostic mobile money platform that allows anyone in the country to...
US and Kenya Sign Bilateral Treaty to Contain HIV/AIDS, Malaria & TB
(3 Minutes Read)
It will move US funding from non-governmental groups to the Kenyan government, which would gradually take responsibility for health workers initially funded...
KCB and Visa’s Tap-to-Phone Demo Signals a Quiet Shift in Kenyan Commerce
(3 Minutes Read) In a country where M-Pesa has long acted as the unofficial bloodstream of everyday commerce, the collaboration between KCB Bank Kenya and...
Bolttech Makes Strategic East Africa Debut with Acquisition of Kenya’s mTek
(3 Minutes Read) Singapore-based insurtech unicorn bolttech has completed its acquisition of mTek, a prominent Kenyan digital insurance platform, marking a major expansion into the...
Uganda: 350 Kingfisher-Area Residents Gain Vocational Skills, Startup Kits to Boost Sustainable Livelihoods
(3 Minutes Read) More than three hundred residents from Kikuube and Hoima districts, affected by activities in the Kingfisher Oil Development Area, have received vocational...
Uganda Unveils Ambitious Plan for a World-Class International Airport in Mbarara
(3 Minutes Read) In a landmark infrastructure declaration, President Yoweri Museveni has announced that the government will construct a new international airport at Nyakisharara in...
EBID Opens First Regional Office in Abidjan to Strengthen Development Impact Across ECOWAS
(3 Minutes Read) The ECOWAS Bank for Investment and Development (EBID) has reached a significant milestone with the launch of its first Regional Representative Office...