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SADC launches landmark initiative to build sustainable energy transition mineral value chains
The Southern African Development Community (SADC) region has many of the sought after critical energy transition minerals. Now a five-year regional project is working to retain the mineral wealth locally while promoting livelihoods and driving industrialization. The SADC region holds vast reserves o...
Africa Financial Summit 2026 chooses Luanda to continue its mission of integrating African finance
The Africa Financial Summit – AFIS, the leading platform for African finance, announces that its annual summit will be held on November 3 and 4, 2026, in Luanda, Angola. For the first time, the summit will take place in Southern Africa, confirming its pan-African reach and its ambition to connect ...
Kenya loses $92 million in AfDB shares after missing critical payment
Kenya has forfeited African Development Bank (AfDB) shares worth approximately $92 million after failing to make its annual subscription payment. This development comes at a time when Kenya’s borrowing from the bank has risen significantly, raising concerns that the loss will severely weaken its c...
African island states seek stronger credit ratings for climate and blue economy finance
Experts, policymakers, and financial practitioners from across African Island States will gather in Mombasa on 12–13 June 2026 for a high-level workshop to enhance sovereign credit ratings and unlock access to sustainable climate and blue economy financing. Jointly organized by the Economic Commis...
No Peace Without Us: Ta’sis Alliance Rejects Islamists and Warns Against Exclusion in Sudan Talks
The Ta’sis (Sudan Founding Alliance) alliance announced ahead of its meeting with the five-party mechanism that it firmly rejects any political or negotiation arrangements outside established international frameworks, declaring that any peace process bypassing its involvement will be nothing m...
Russian language day celebrated at UNECA ahead of global observanceBy our staff reporter
The headquarters of the United Nations Economic Commission for Africa (UNECA) hosted a high-profile diplomatic and cultural event on June 4, 2026, to mark Russian Language Day. Held ahead of the official global observance on June 6, the event was noted for strengthening the growing diplomatic, educa...
iibGroup Expands Chevening Partnership to Ethiopia as Part of Broader Regional Engagement
Building on its successful partnership with the Chevening Scholarships programme in Cabo Verde and Djibouti, iibGroup has renewed its support for the 2026–2027 academic year and expanded the initiative to Ethiopia. This year, three fully funded Chevening scholarships will be awarded across Africa,...
EthSwitch records 1 million daily EthioPay-IPS transactions, wins African financial inclusion award
EthSwitch, Ethiopia’s national payment switch, has recorded more than 1 million EthioPay-IPS transactions in a single day, with the value of transactions exceeding 5 billion birr, in what the company described as a major milestone for the country’s digital payments system. The achievement comes ...
Ethiopia’s tight monetary policy wins IMF praise as key to inflation fight, paving way for nearly $500 million disbursement
Ethiopia’s commitment to a tight monetary policy stance—hailed by international partners as a critical safeguard against rising inflation—has taken center stage as the country secured a staff-level agreement with the International Monetary Fund (IMF) for the fifth review of its economic reform...
IGAD Urges Urgent Overhaul of Crowded Polling Stations to Meet International Standards
Following the conclusion of Ethiopia’s 7th General Election, the Intergovernmental Authority on Development (IGAD) Election Observation Mission (IGADEOM)has released its preliminary report. While the report praised the country’s major strides in technology, it conversely called for clear imp...
African Union Flags Security Concerns After Polling Suspended in 46 Constituencies Across Tigray and Amhara
The African Union Election Observation Mission (AUEOM) has released its preliminary findings on Ethiopia’s seventh general election, praising the significant strides made toward democratic consolidation while expressing deep concerns over the suspension of the electoral process in 46 constituencie...
International Partner Welcomes Ethiopia’s 7th General Election, Calls for Inclusive Voting in Remaining Constituencies
The European Union, alongside several other international partners, announced that they welcome the holding of the 7th General Elections in the Federal Democratic Republic of Ethiopia, which took place on June 1, 2026. It was indicated that this joint local statement showcases a unified front compri...
United States to Slash Visa-Processing Embassies in Africa; Addis Ababa Named Among 20 Remaining Hubs
The United States Department of State plans to drastically slash the number of its embassies and consulates processing visas for foreign nationals across the African continent. This decision is part of the Trump administration’s broader, stringent crackdown on immigration and visa issuance. Cu...
Ethiopian Airlines to Resume Kuwait Flights in June Following Middle East Cancellations
Ethiopian Airlines has announced that it will resume its flight services to Kuwait City following months of regional disruptions. It has been stated that the flights will officially restart on June 16, 2026. The decision comes nearly four months after the airline was forced to scale back its Middle ...
Ethiopian Eurobond Holders Announce Decision to Sue Government
Following the failure of fresh negotiations regarding the restructuring of Ethiopia’s $1 billion Eurobond debt, international creditors have announced that they will proceed with legal action against the Ethiopian government. According to a statement issued by the creditors’ committee, t...
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