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Ethiopia’s ongoing economic reforms under the Homegrown Economic Reform Program agenda is beginning to stabilize the local currency. The latest foreign exchange auction attracted 131.70 per US dollar marking one of the highest. 

Ethiopia IMF programme stabilising biir despite currency devaluation 

The inaugural AI summit on Africa is set to kick off from the 3rd of April to be held in Rwanda’s capital Kigali. AI is deemed key in driving growth of economies with the summit expected to attract new investments. 

Rwanda set to host global AI summit 

The energy sector in Uganda is gearing up to a new trajectory after the 20-year concession for Umeme Limited drew to an end. 

Eye on Uganda’s energy future as Umeme concession ends

With AGOA set to expire in September 2025 a few months away, growing concern is mounting among American buyers and manufacturers about the uncertainty surrounding its renewal. 

African countries jittery over renewal of AGOA as deadline fast approaches

Kenya’s President William Ruto has come out to assure residents of honoring his development pledges in the country’s central region. 

Kenyan president defends development pledges amidst backlash

Shipping is central to global trade and it is at the fore front of the continent’s blue economy. The shipping industry is responsible for 3 per cent of emissions globally. 

How African countries can gain billions in a global shipping levy

Africa’s energy transition will require strong investment commitment if the continent is to attain net zero emissions. CNBC Africa’s Aby Agina spoke exclusively to Manish Pant, Executive Vice President for Schneider Electric. 

East Africa’s renewable energy investment opportunities

The Republic of Congo is looking to attract substantial investments in the gas exploration sector. 

Congo Energy & Investment Forum roots for more gas exploration

Equity Group has reported a solid 48.8 billion shillings in it’s latest full year earnings, representing a 12 per cent jump. 

Kenya’s Equity Group delivers 12% FY’24 earnings growth

African countries are slowly re-adjusting their priorities after the full impact of funding cuts slowly becomes a reality. Among sectors hard hit is agriculture which is the continent’s economic lifeline. 

Building Africa together post aid cuts

The Republic of Congo is hosting the Congo Energy and Investment Forum in Brazzaville, where top global and regional industry leaders are converging to explore investment opportunities in the country. 

Investing in Congo’s hydrocarbons sector draws global interest

The earnings season is upon us and the latest to report it’s earnings is Stanbic Bank Uganda which recorded a 16.2 per cent jump in net profits. 

CBEA