South Africa Considers Additional Incentives for Auto Industry to Counter U.S. Tariffs
South Africa is weighing the introduction of additional incentives for its automotive sector in response to recently imposed U.S. tariffs on car imports, Trade, Industry and Competition Minister Parks Tau…
Business
Senegal Seeks Debt Extension Amid Fiscal Revisions
In June 2023, the International Monetary Fund (IMF) approved a $1.8 billion support package for Senegal, which included a $1.51…
Ethiopia Greenlights Foreign Banks to Enter Market Amid Economic Reforms
In a historic move, the Ethiopian Parliament has officially approved Proclamation 1359/2024, paving the way for foreign banks to operate…
Tanzania Secures Record $7.7 Billion in Investments for 2024
Tanzania has registered $7.7 billion in investments in 2024, the highest amount recorded since 1991, according to the Tanzania Investment…
East Africa Electric Highway Boosts Regional Power Transmission and Cooperation
A significant development in the East African energy sector has been achieved with the successful trial of power transmission from…
Royal Air Maroc Named Best Airline in Africa for Second Consecutive Year
Royal Air Maroc, Morocco's state-owned flag carrier, has been named the "Best Airline in Africa" for the second consecutive year,…
South Africa to Establish G20 Africa Expert Panel
South Africa intends to establish a G20 Africa Expert Panel to support the G20 Finance Track, Finance Minister Enoch Godongwana…
Ethiopia Doubles Coffee Production, Aims for $2 Billion Revenues
Ethiopia's coffee production has doubled in the last five years, reaching one million tonnes annually, Prime Minister Abiy Ahmed announced.…
Egypt Launches $500M Solar Plant to Tackle Power Outages & Expand Renewables
In a major stride toward addressing its energy challenges and transitioning to greener solutions, Egypt has inaugurated a $500 million…
Kenya Places $3.9 Million Bid to Host Grammy Awards, Strengthening Creative Economy
President William Ruto announced on Monday that Kenya has officially placed a bid to host the prestigious Grammy Awards, with…
Zimbabwe on Track to Exceed 2024 Gold Delivery Target
Mines and Mining Development Minister Winston Chitando said on Monday that Zimbabwe is set to surpass its 2024 gold delivery…
McKinsey to Pay $122 Million Fine for South African Bribery Scandal
Global consulting giant McKinsey & Company has agreed to pay a substantial fine of over $122 million to resolve a…
African Energy Week (AEW) 2024: Mindset Shifts, Flexibility Will Retain Women in the Energy Industry
A session hosted by The African Women Business Energy Network (AWBEN), Women in Energy Roundtable at African Energy Week (AEW):…
