• Afrexim Bank to open East Africa branch in October

    The African Export-Import Bank has signed a deal with Uganda, which will see the pan-continental investment lender open its East African branch office in Kampala.

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  • Standard & Poor’s (S&P) raises Rwanda’s credit rating

    Standard & Poor’s (S&P), an international financial services company, has upgraded Rwanda’s rating from a flat “B” to “B+” thereby boosting investor confidence in the country.

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  • Ethiopia to Open Banks for Ethiopian Investors in the Diaspora

    The government of Ethiopia recently passed a law that will enable Ethiopian in other parts of the world to invest in the country’s financial services industry. Quartz Africa reports that this move will open up the country’s industry which has been dominated by state-owned institutions.

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  • Kenya ranked top tech hub in sub-Saharan Africa

    Kenya has been ranked the second leading innovation hub in sub-Saharan Africa by the World Intellectual Property Organisation in its latest Global Innovation Index (GII) 2019 report.

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  • UK Wants to Increase Presence in Ethiopian Economy

    The United Kingdom wants to consolidate and increase economic collaboration with Ethiopia, said the Secretary of State for International Development of the European country, Alok Sharma, in conversation with the Prime Minister of the African state, Abiy Ahmed.

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  • Mauritius Commercial Bank opens an office in Dubai

    MCB Group Ltd, a Mauritius-based holding company, has announced the opening of a representative office of its fully owned subsidiary, Mauritius Commercial Bank Ltd (MCB), at the Dubai International Financial Centre (DIFC).

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  • Online Agro market launched

    Government has pledged to support efforts aimed at promoting the growth of Electronic commerce especially among Small and Medium Enterprise (SMEs) in the country.

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  • Economic reforms turns Egypt into Middle East’s fastest-growing economy

    Egypt’s recovery has turned it into the Middle East’s fastest-growing economy following three years of reforms enacted to secure a $12 billion loan from the International Monetary Fund, Bloomberg said in a report Wednesday. 

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  • Kenya to get business centre worth R1.7 billion by March 2020

    Improvon. a South African industrial property developer has teamed up with Actis, a private-equity investor to build the biggest industrial real-estate investment in Kenya's history.

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  • Ethiopia is partnering with Jack Ma’s Alibaba to build its digital economy

    Ethiopia has entered into a partnership with Chinese e-commerce giant Alibaba to build and boost the country’s digital economy. The announcement was made during a meeting between the Ethiopian Minister of Innovation and Technology Getahun Mekuria and  Jack Ma, founder of Alibaba Group at the Alibaba Group headquarters in Hangzhou, China, recently the ministry said on Wednesday.

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