IFC announced a loan to Kioo, East Africa's largest producer of glass bottles, to help the Tanzanian company weather COVID-19-related challenges, protect jobs, and invest in energy-efficient machinery to reduce its carbon footprint.
Agtech company XAG has proposed that agricultural drones, through more targeted night spraying application, can strongly support the current ground and aerial control measures.
The latest data – and East Africa's continued focus on transforming its key industries, sectors and infrastructure through technology – is giving me hope that the economic outlook is brightening.
A locust fighting force assembled by countries in East Africa to combat an invasion of the crop-devouring pest is at risk of seeing its activities grind to a halt as funding to sustain its operations dries up, FAO warns.
eSite Power Systems receives new order for its x10 telecom site power supply system for rollout in eastern Africa.
eSite Power Systems' eSite x10 telecom site power supply system has received another order to deploy in the network of a mobile operator in eastern Africa.
SunFunder, a recurring partner of InspiraFarms has confirmed a new $500k loan which will provide working capital to deploy our agricultural first-mile cold chain installations in Africa.
Equity Group Holdings (EGH) received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commerciale Du Congo (BCDC) to form a new bank - Equity Banque Commercial du Congo (EquityBCDC).
Equity becomes first Eastern and Central African bank to cross the one trillion shilling balance sheet mark
The milestone was achieved upon successful migration of BCDC to Equity’s Finacle core banking platform.
The International Maize and Wheat Improvement Center (CIMMYT) has announced the successful development of three CIMMYT-derived fall armyworm-tolerant elite maize hybrids for eastern and southern Africa.
COMESA and the European Union have signed a EUR 7.6 million Financing Agreement for the COMESA Institutional Capacity Building Programme.
The U.S. International Development Finance Corporation (DFC) has approved investments this quarter totaling more than $2.1 billion to advance development in emerging markets in Africa, Eastern Europe, Indo-Pacific, Latin America, and the Middle East.
Sokowatch, the innovative East African e-commerce platform, has launched electric three wheelers, commonly referred to as tuk-tuks, to its delivery fleet in Uganda, making the vehicles the first to be used commercially in East Africa.
Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa
Informal retail Micro, Small and Medium-Sized Enterprises (MSMEs) across the Eastern and Southern Africa Region (ESAR) are set to receive a technological and operational boost for their businesses, thanks to Nestlé, Nomanini and Standard Bank.
Dutch impact investor, DOB Equity, is investing in Victory Farms, East Africa’s largest commercial fish farm to allow the firm to scale up its production capacity and expand its reach across the Kenyan market.
KCB Group (KCB) and Atlas Mara (ATMA) have signed a definitive agreement for KCB to acquire 62.06% stake in Banque Populaire du Rwanda and 100% stake in African Banking Corporation Tanzania from ATMA.
Almasi Ndangili is the founder of Imarisha East Africa Productions Ltd, a Kenya-based talent academy promoting education through edutainment.
BringCom Incorporated, a provider of connectivity solutions in Africa, announced it has established a new partnership and interconnect agreement with Ethio Telecom.
Swedfund invests in femtech e-commerce startup Kasha Global to support women’s health in East Africa
Swedfund, the Swedish Development finance institution, announced its investment in Kasha Global, a Femtech e-commerce platform with subsidiaries in Rwanda and Kenya, to support women’s health and self-care.
The EU Ambassador to Tanzania and the East African Community and the Secretary General of the EAC launched a €16.4 million joint programme to strengthen regional economic integration.
Moody’s Analytics has announced that MUA, a composite insurer operating across Mauritius and East Africa, will be using the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution and the Moody’s Analytics Scenario Generator to meet the reporting requirements.
East African partner states are losing out billions of dollars by inadequately investing in adding value to horticulture and leather goods produced in the region and not addressing bottlenecks derailing growth in the sectors.
During the launch of the Global Agriculture and Food Security Program Replenishment Period 2020-25, donors increased their contributions to achieve sustainable Development Goal 2 - a world with zero hunger.
With a shift away from physical commerce, consumers are increasingly taking their daily activities online.
Scientists from NemAfrica, the nematology unit at CGIAR-IITA, and the International Centre for Insect Physiology and Ecology (icipe) are currently assessing new potato varieties that are resistant to the potato cyst nematode (PCN) pest.
Mastercard study highlights the digital divide that needs to be addressed to power gig economy growth in East Africa
Mastercard released a white paper revealing how gig work across East Africa is helping to drive economic growth by facilitating economic opportunities, improving livelihoods, and acting as a buffer against unemployment.
The UK Government has provided a new package to help control millions of locusts attacking crops across East Africa, Yemen and South West Asia by spraying, monitoring and surveillance.
Jubilee Holdings (Jubilee Insurance), East Africa’s insurance group, and Allianz, world's insurers and asset managers, signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates.
Mastercard has released a white paper revealing how gig work across East Africa is helping to drive economic growth by facilitating economic opportunities, improving livelihoods, and acting as a buffer against unemployment.
Evergreen Herbs Ltd, one of East Africa’s producers of fresh cut herbs, has started operations at a farm that was set to close in Kajiado, Nairobi.
CGIAR-IITA and the Eastern Africa Grain Council (EAGC) have signed a memorandum of understanding (MoU) to work together to tackle aflatoxin contamination of grain in the region.
The OPEC Fund for International Development (the OPEC Fund) signed a $20 million term loan in favor of East African Development Bank, to support SMEs and infrastructure projects in East Africa.
Shanta Gold, East Africa-focused gold producer announced the expansion of processing capacity at the New Luika Gold Mine (NLGM).
UnionPay International (UPI) and Interswitch East Africa (Kenya) announced partnership confirming Interswitch becoming a Third-Party Service Provider (TPSP) for UnionPay International in East Africa.
Azam TV has completed the migration of its video platform from the EUTELSAT 7B to EUTELSAT 7C satellite, with a multi-year extension of the existing contract and an incremental capacity commitment.
The East Africa Community (EAC) Secretariat and its Partner States have held a virtual roll out event to mark the technical completion and development of Regional Electronic Cargo and Driver Tracking System.
Google has appointed Agnes Gathaiya as Country Director for East Africa with her role being managing regional operations for the region.
Vertiv, Fajoba enter distribution partnership, underline commitment to East African digital development
Vertiv, a global provider of critical digital infrastructure and continuity solutions announced a distribution partnership with the Fajoba Group, a regional IT solutions and hardware leader for East and Central Africa.
[Column] Pedro Guerreiro: What East Africa can teach the rest of the continent about economic growth
The 21st century is widely touted as the ‘African Century’, a period promising unprecedented economic and technological growth for the continent. Africa’s future looks bright.
Andersen Global continues to expand its platform in East Africa through a Collaboration Agreement with Burundi-based CN & Associates.
There’s been a definite shift around the discussion about the cloud in Africa. Businesses now accept that the future of organising, processing and presenting their data is in the cloud.
The East African Community has kicked-off national launches of the 50 Million African Women Speak Networking Platform.
Serious hunger and malnutrition loom for millions of refugees across Eastern Africa who depend on assistance from the WFP to survive, as the socio-economic impact of the COVID-19 reduces vital funding from donors.
MoneyGram International announced a partnership with Thunes, which will enable MoneyGram's customers to seamlessly send money directly to mobile wallets and bank accounts globally through the MoneyGram platform.
[Kenya] ZEP-RE urges insurers to rethink price undercutting as industry’s underwriting revenue tumbles
Players in the insurance sector have been urged to rethink their predatory pricing strategies as it is hampering the growth of the insurance sector, according to ZEP-RE Chief Executive Officer Hope Murera.
Shanta Gold, East Africa-focused gold producer, has completed the acquisition of 100% shares of Barrick’s subsidiary Acacia Exploration Kenya (AEKL) from three subsidiaries of Barrick Gold.
SMEs in the East African region are using digital transformation initiatives to increase their competitiveness and ensure they are set for growth despite challenging trading conditions.
TDB SME Programme announced the signing of an initial 4-year senior/ mezzanine debt facility of $1 million to be managed by Grassroots Business Fund to finance agribusiness SMEs in Kenya, Tanzania and Uganda.
The EAC Deputy Secretary General disclosed that all is set for the launch of the EAC Regional Electronic Cargo and Driver Tracking System in collaboration with the EAC Partner States National Focal Points on Covid-19 and TMEA.
Bayer donates Decis ULV insecticide to support Kenya, Uganda fight against desert locust devastation
Farmers in Kenya and Uganda currently fighting a devastating locust invasion and looming food security crisis are receiving a donation of 170,000 liters of Decis ULV insecticide from Bayer.
Led by scientists at the National Oceanography Centre (NOC), new study reveals the importance of the Monsoon in how abundant small pelagic fish are in East Africa.
Scientists have been at the forefront of efforts to address a new emerging pest threat to the production of potato in the East Africa region.
The United States Trade Representative and Kenya Cabinet Secretary for Industrialization, Trade, and Enterprise Development formally launched trade agreement negotiations between the United States and the Republic of Kenya.
TMEA, AERC partner to increase availability of data, build evidence for policy decisions in East Africa
East Africa trade body TMEA and African Economic Research Consortium (AERC) have partnered to support a research programme that will increase the availability of data and evidence to support inclusive trade and gender policies in East Africa.
IBM has appointed Angela Kyerematen-Jimoh as General Manager for IBM North, East and West Africa.
By cutting the crossing time to a maximum of half an hour, the One-Stop Border Post project has boosted trade and tourism between Kenya and Tanzania.
When a second massive swarm of locusts hit East Africa in April presenting “an extremely alarming and unprecedented threat” to food security and livelihoods this piece of news barely made a splash.
Economic disruption caused by the COVID-19 pandemic has pushed East Africa’s growth projection for 2020 down to 1.2 percent, a rate that outstrips other African regions and is forecast to rebound to 3.7 percent in 2021, according to the AfDB.
MIGA, a member of the World Bank Group, has issued a guarantee of EUR 359 million for up to ten years for a loan provided to the Eastern and Southern African Trade and Development Bank.
The Food and Agriculture Organization (FAO) welcomed a €15 million contribution from the European Union to fight the Desert Locust upsurge in East Africa as a new wave of locusts is emerging in the region.
The World Bank Board of Directors has approved $425 million financing to support the provision of infrastructure finance in Eastern and Southern Africa.
The COVID-19 crisis has revealed both hairline fractures along borders in East Africa and the potential to solve them through better regional coordination.
The Eastern Africa National Networks of AIDS and Health Service Organizations (EANNASO) announced the launch of its East Africa Wananchi Digital Health Platform (AFYA).
Newgen Software has announced that Eastern and Southern African Trade and Development Bank (TDB), is going live with its electronic document and records management system.
TradeMark East Africa (TMEA) and the European Union signed a €5 million agreement to support the Safe Trade Emergency Facility being implemented by TMEA in the region.
East African Community (EAC) has been ranked as the most integrated bloc among the eight regional economic communities (RECs) recognized by the African Union.
The trend of declining foreign direct investment (FDI) to Africa is set to exacerbate significantly in 2020 amid the dual shock of the coronavirus pandemic and low prices of commodities, especially oil.
Rwanda and Uganda have recorded a reduction in trade flows in April and May 2020, according to the latest report from the COMESA Statistics on ‘COVID 19 Impact on Trade’.
The East African Community (EAC) Partner States have adopted the EAC Regional Electronic Cargo and Drivers Tracking System that will be hosted at the EAC Headquarters in Arusha, Tanzania.
Almost five million people at risk of hunger, famine as Desert Locusts destroy crops across East Africa, report
Almost five million people could be plunged into hunger and famine as a fourth round of desert locusts hatch and ravage crops across the Horn and East Africa, compounding an already dire food situation worsened by the COVID-19 pandemic.
The EU has mobilised €3 million in emergency assistance to countries in East Africa that have been hit by heavy rainfall over the past weeks, triggering devastating landslides and floods.
New swarms of locusts threaten to increase hunger in East Africa reeling from floods and coronavirus
Oxfam warns that millions of people in East and Central Africa, already suffering due to flooding and the impact of coronavirus, are at risk of increased hunger and poverty as the region braces for the latest generation of locusts.
According to the Greater Horn of Africa Climate Outlook Forum Statement, parts of South Sudan, Western Kenya, Uganda, Northern Tanzania and Rwanda are expected to receive above normal rainfall between June and September 2020.
InspiraFarms, an on- and off-grid cold storage solutions provider in East and Southern Africa, has closed a Series B to further expand its operations in the region.
The World Bank approved a US$500 million program to help countries in Africa and the Middle East fight the locust swarms that are threatening the food security and livelihoods of millions of people.
The Chartered Institute for Securities & Investment (CISI) and the Tanzania Institute of Bankers (TIOB) have signed an MoU with the aim of advancing professional standards in the Tanzanian banking sector.
The Director-General of FAO QU, has warned that efforts to control Desert Locusts will take time, noting increased concern for the Sahel and Southwest Asia is adding to the burden of efforts ongoing in the Horn of Africa and Yemen.
Team Europe - the EU, Germany, the Netherlands, Belgium, France, Sweden and Denmark are bolstering food security in Kenya and the region with over Ksh 16 billion (EUR 140 million) at a time of crisis due to COVID-19.
The dire socio-economic consequences of the COVID-19 pandemic may more than double the number of hungry people in East Africa and the Horn over the next three months, a report from the United Nations World Food Programme (WFP) has found.
FAO makes gains in the fight against Desert Locusts in East Africa and Yemen, threat for food security crisis remains
The Director-General of the Food and Agriculture Organization of the United Nations said that significant gains had been made in the fight against the desert locust upsurge in East Africa and Yemen.
The Climate Resilient Agribusiness for Tomorrow project has co-invested € 2 million in grants to 14 private sector companies working in agriculture value chains in Kenya, Tanzania and Uganda.
Ericsson has appointed Todd Ashton as the Vice President and Head of Ericsson South & East Africa within Market Area Middle East and Africa.
The African Development Bank Group announced the debarment of Sinotec Company Limited, an energy solutions company registered in China, for fraudulent practices in East Africa.
The EAC Secretariat, CASSOA and AMREF Flying Doctors will offer emergency COVID-19 intervention trainings for staff at the 8 international airports in the 6 EAC Partner States.
The recent acquisition by Total of Tullow Oil's entire interests in the Lake Albert Development Project in Uganda marks the beginning of a new chapter for East Africa's energy industry.
Liquid Telecom has made it possible for the East African Community (EAC) member states to function as close to normal despite the coronavirus pandemic.
The Food and Agriculture Organization (FAO) received a donation of $10 million from the Russian Federation to support its operations in fighting against the Desert Locust outbreak in East Africa.
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline.
Falling visibility in three major African cities reveals air pollution has increased significantly over the last 45 years, leaving citizens facing further short-term increases in man-made pollution.
Tigo Tanzania, has launched a service that allows all Tigo Pesa customers to send and receive cash on their mobile money wallets from M-PESA in Kenya, MTN in Uganda and MTN and Airtel in Rwanda.
The East African Community (EAC) under the Mobile Laboratory Project has deployed nine mobile laboratories and Coronavirus test kits to all Partner States.
The International Organisation for Migration (IOM), Regional Office for the East and Horn of Africa has launched a Strategic Preparedness and Response Plan COVID-19 appeal for USD 71.6 million.
The African Energy Chamber has appointed Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services, as its President for East Africa.
The World Food Programme (WFP) welcomed a contribution of US$7.5 million from the Government of Japan to help support vulnerable people in three East African countries hit by locust swarms feeding off crops.
The African Development Bank (AfDB) approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts.
East African Community to deploy mobile labs, testing kits to all Partner States to mitigate Coronavirus
The East African Community Secretariat is in the process of deploying mobile laboratories and Coronavirus test kits to all EAC Partner States.
FAO is further scaling up its activities to fight the Desert Locust upsurge in East Africa from a $10 million loan approved by the United Nations’ Central Emergency Response Fund (CERF).
Livestock production is the largest source of greenhouse gas (GHG) emissions from agriculture. But global estimates of these emissions are based on emission factors from developed countries.
Kenya's smartphone market saw shipments increase 20.3% year on year in Q4 2019, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).
French could in the near future become an official language of the East African Community (EAC) in addition to English.
GreenTec Capital announces the launch of Boreal Light's largest decentralized solar water desalination project in Eastern Africa in partnership with WaterKiosk LTD, Atmosfair GmbH and the Bilal Sustainable Development Project.