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Capital News
Gadaa Bank deposit portfolio expands 68% to surpass birr 11.89 billion
Gadaa Bank S.C., one of the youngest financial institutions, has announced that its total deposit portfolio grew by 68% compared to the previous year,...
Capital News
East Africa’s $16 billion oil refinery to break ground in Lamu next week
Construction of the landmark East Africa Refinery in Lamu is set to begin next Wednesday, Deputy President Kithure Kindiki has announced. Backed by Nigerian...
Capital News
Ethiopia pledges US$240 million to CEPI’s Global Pandemic plan
Ethiopia, alongside Norway and the United Kingdom, has committed US$240 million to support the Coalition for Epidemic Preparedness Innovations’ (CEPI) ambitious five-year plan.
Announced during...
Capital News
Ethiopia joins international coalition to advance lower-carbon blended cement ahead of COP32
Ethiopia, alongside Cambodia, Ghana, Tanzania, and Uganda, has officially joined an international coalition backing the global "Blend Better Cement" campaign. The announcement coincides with...
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World Bank mobilizes record private capital for developing countries, driving job creation
The World Bank Group mobilized more private capital in fiscal year 2026 than in any year in its history and issued a record volume...
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ECA convenes high-level advisory group to advance Africa’s shift from aid-dependent to domestically financed health systems
The United Nations Economic Commission for Africa (ECA) today convened the inaugural meeting of the High-Level Advisory Group (HLAG) on health financing, meeting at...
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IFAD joins Government of Djibouti and World Bank to accelerate agri-food transformation
The International Fund for Agricultural Development (IFAD) on Monday joined Djibouti Prime Minister Abdoulkader Kamil Mohamed, the World Bank Group and development partners to...
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African capital market leaders gather in Nairobi to unlock $4 trillion in domestic assets
More than 300 policymakers, central bankers, institutional investors, and capital market regulators from over 20 African nations have gathered in Nairobi for the third...
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