More than 40 people in Burundi have been arrested as part of a government campaign targeting black-market currency trading.
A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.
Technology firms in South Sudan have launched the country’s first mobile money service.
Ethiopia’s government says it is considering significant economic reforms as part of an effort to ease the country’s foreign currency shortage.
Tanzania’s National Bank of Commerce has been fined 1 billion Tanzanian shillings (US$435,000) after failing to establish its own data centre.
Kenya has sold its first export of crude oil to a Chinese state-owned petroleum multinational firm.
The World Bank says Tanzania’s economy grew by 5.2 percent in 2018, contradicting the country’s finance minister who told parliament last year that growth stood at 7 percent.
Last year, the geopolitical landscape in the Horn of Africa was turned on its head with the signing of a peace deal between long-time war enemies, Eritrea and Ethiopia. The peace agreement sent a ripple effect throughout the entire peninsula
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Ethiopian prime minister Abiy Ahmed has defended his reform policy and issued a strong warning to anyone interested in toppling his government following a coup attempt in the Amhara region.
Africa’s tech boom will save economies and ruin lives
A lot is being said about the rise of technologies such as artificial intelligence and automation in every country around the world. Many experts argue that we’re on the edge of an employment crisis as machines continue to take more
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