Ethiopia has set a minimum threshold of $200,000 for foreigners looking to invest in local businesses and infrastructure projects. The move comes as part of the East African nation’s privatisation plans for the year ahead, part of which welcomes foreign
Ethiopia joined the space race on Friday with the launch of the East African nation’s first satellite.
Qatar Airways has agreed to take a 60 percent stake in a new $1.3 billion international airport set to be built in the Bugesera district, roughly 25km southeast of the capital, Kigali.
Importers in Kenya say they are being forced to use the country’s new and expensive Chinese-built railway, connecting the port city of Mombassa with the capital, Nairobi.
The European Union (EU) has allocated €50 million to help fight the spread of Ebola and malnutrition in the Democratic Republic of Congo (DRC).
Barrick Gold Corp has reached a deal with Tanzania to pay the country $300 million, bringing an end to its long-running tax dispute.
More than 40 people in Burundi have been arrested as part of a government campaign targeting black-market currency trading.
Kenya’s has opened its halted railway project dubbed as the “Railway to Nowhere” after China pulled funding for the ambitious project.
Lawmakers in Kenya have approved government plans to increase the country’s debt ceiling.
A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.