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The Fund for Export Development in Africa (FEDA), the equity investment arm of the African Export-Import Bank (Afreximbank), has appointed Emmanuel Assiak as chief executive officer, effective December 15, 2025, as it seeks to scale investment into export-oriented sectors across the continent. The appointment comes as the institution strengthens its focus on mobilising long-term capital […]

The National Election Board of Ethiopia (NEBE) has dismissed multiple polling officials for unlawful conduct during the country’s seventh general election and has announced that certified final results will be released within ten to twenty days. Speaking at a press briefing on Tuesday, NEBE Chairperson Melatwork Hailu stated intelligence reports and monitoring teams had identified […]

Kenya has forfeited African Development Bank (AfDB) shares worth approximately 92 million US dollars after failing to complete a required capital subscription payment, reducing its ownership stake in the continent’s largest multilateral development lender despite becoming one of its biggest borrowers. Disclosures from the AfDB show Kenya’s shareholding fell to 180,161 shares at the end […]

India has delivered a second 43-tonne consignment of medical assistance to the Africa Centres for Disease Control and Prevention (Africa CDC), as Ebola outbreaks in Central and East Africa continue to stretch surveillance and response systems. The shipment includes protective equipment, diagnostic tools, medicines, monitoring devices and nutritional supplies aimed at strengthening outbreak preparedness and […]

Ethiopia has reached a staff-level agreement with the International Monetary Fund (IMF) on the fifth review of its four-year Extended Credit Facility, putting the country in line for about 468 million US dollars once the deal is approved by IMF management and the Fund’s Executive Board. The disbursement would bring total IMF support under the […]