Capital Newspaper

The National Bank of Ethiopia (NBE) has revised its foreign-exchange directive to allow commercial banks to approve Letters of Credit (LCs) and Cash Against Documents (CAD) for institutions holding foreign-currency and retention accounts without requiring prior approval from the central bank. The NBE also instructed banks to standardize LC-related fees and charges on an annua...

SpaceX’s IPO filing – the biggest in history – shows AI’s next trillion-dollar trade is infrastructure, not software, affirms the CEO of global financial advisory giant deVere Group.

The analysis from Nigel Green comes as SpaceX prepares a major fundraising round expected to value the Elon Musk-led company at around $400 billion, a figure that makes it one of the mo...

COP31 President-Designate Murat Kurum called for an urgent increase in the pace of electrification of the world economy, saying it was critical to the fight against climate change and to implementing the commitments made at previous COPs.

Kurum, Minister of Environment, Urbanisation and Climate Change in COP31 host Türkiye, said the current energy crisis had undersc...

Africa must urgently close its electricity gap if it is to industrialize, expand regional value chains and deliver on the promise of the African Continental Free Trade Area, Economic Commission for Africa Executive Secretary Claver Gatete said.

Speaking virtually at the Ministerial Compact Roundtable on Financing Africa’s Nuclear Energy Future, held during the Nucle...

The Economic Commission for Africa (ECA), the Ethiopian Capital Market Authority (ECMA), FSD Africa and Ethiopia convened over 80 representatives from Ethiopia’s financial sector this week for the Stakeholder Validation Workshop of Ethiopia’s Capital Markets Master Plan (CMMP), a ten-year strategic roadmap designed by Genesis Analytics and Bourse Consult to develop a deep, di...