Finance

A house divided: How Saudi Crown Prince purged royal family rivals

(Samia Nakhoul, Angus McDowall, Stephen Kalin - Reuters) The first hint that something was amiss came in a letter. On Saturday Nov.…

Saudi Arabia detains princes, billionairs, inc. al-Amoudi, freezes assets

(Compiled from Alarby reports) Saudi Arabia has detained 11 princes and 38 other businessmen, senior military officials and top officials. It was…

Ethiopian Birr devalued by 15%

In the midst of a Forex currency crisis, the National Bank of Ethiopia (NBE) has devalued Birr by 15pc and raised…

Ethiopia’s distinct path to development, with help from China

Ethiopia is the most stable state in the dangerous neighbourhood of the Horn of Africa, despite recently facing its worst…

Ethiopia to focus on Public Private Partnership (PPP)

(Muluken Yewondwossen - Capital) Public private partnership (PPP) law will be one of the priority proclamations tabled for the parliament…

First international remit pay service launched in Ethiopia

(IT News Africa) Mastercard and digital service provider Kifiya have partnered to introduce a digital solution that will ultimately allow citizens to…

5 Ethiopian Multi-Millionaires You Should Know

(Mfonobong Nsehe)A few Ethiopians have built multi-million and billion dollar empires in industries as diverse as agriculture, food, construction, energy…

Ethiopia, China plan new industrial city near the capital

Chinese planners push for decision on the blueprint for a new Industrial and Logistics City to be built south of…

Ethiopia: Development Bank purges top management

The Development Bank of Ethiopia (DBE) has got new Board chair, President and multiple VPs since the beginning of the…

Somaliland: The Neglected Role in the Fight against Corruption by the House of Representatives

(Mohammed Dahir Ahmed) The legislative body of any nation plays a pivotal role in the fight against corruption. The legislative…

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