Ethiopia Caps Forex Spreads at 2% in Market Reform Push
The National Bank of Ethiopia has introduced a new policy limiting foreign exchange trading spreads to 2%, effective October 16,...
October 16, 2024Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa Markets & Investment · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
Rwanda’s Bold Bid: Bringing Formula 1 to the Heart of Africa
Rwanda has emerged as an unexpected contender to host a Formula 1 Grand Prix in Africa. The small East African...
October 15, 2024
Mozambique’s Electoral Shake-up: PODEMOS Challenges the Old Guard
Mozambique's recent general elections have thrown the country into political turmoil. PODEMOS a rising political force. Analysis from The Rio...
October 15, 2024
Congo, Uganda Extend Military Alliance Against ADF Rebels: Battling Persistent Threats
The Democratic Republic of Congo (DRC) and Uganda have agreed to continue their joint military operations against. Analysis from The...
October 14, 2024
Rwanda’s ‘B+’ Rating Affirmed: Economic Growth Outpaces Peers
Rwanda's economy continues to demonstrate remarkable resilience and growth potential. Fitch Ratings has recently affirmed the country's 'B+' credit rating...
October 11, 2024
Mauritius Leads Africa in Budget-Friendly Digital Nomad Visas
African nations have entered the global competition for digital nomads, but their visa costs may hinder their appeal compared to...
October 11, 2024
Egypt, Eritrea, and Somalia Forge Alliance: A New Chapter in Horn of Africa Politics
Leaders from Egypt, Eritrea, and Somalia have joined forces in a strategic summit held in Asmara, Eritrea. This meeting marks...
October 10, 2024
Angola’s Diamond Dreams: The Luele Mine Ignites a Mining Renaissance
Angola's ambition to become a global mining leader has taken a giant leap forward with the inauguration of the Luele...
October 10, 2024
Rwanda Plans to Boost Pork Production by 36%
Rwanda has set an ambitious goal to increase its pork production by 36% over the next five years.
October 9, 2024