The African Union (AU) has set out plans to construct industrial parks that will improve the manufacturing of agricultural products as well as the supply chain.
Vodacom Tanzania and Britam Insurance have inked a partnership deal that will see the former issuing third party motor vehicle insurance cover to its over 15 million clients.
MIGA issues guarantees of $37.1m to AIIF3 for clean off-grid solar energy in Central and East Africa
MIGA issued guarantees of up to $37.1 million to a fund (AIIF3), to cover the fund's equity and quasi-equity/shareholder loan investments in Bboxx subsidiaries in Rwanda, Kenya, and DRC for up to 10 years.
Good times are ahead for farmers in the South-East geopolitical zone as Dangote Fertilizer has promised to train them on better ways of farming to obtain bumper yields…
As countries seek to relax border restrictions, quarantines and lock-downs, they need a more reliable, trustworthy and efficient way to validate the health status of incoming travelers.
why Swahili Connection has launched its translation and localization services to international companies, including producing marketing materials and writing content in Swahili.
Africa Data Centres (ADC), part of the Liquid Intelligent Technologies (formerly Liquid Telecom Group) has appointed Dan Kwach to the newly-created position of Managing Director for the East Africa region.
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets.
AgDevCo has announced a $3.0 million follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda.
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
The establishment of an effective Common External Tariff in the East Africa region will lead to the exponential growth of the manufacturing sector.
Rwandan' products are set to gain extended access to UAE and global markets following the first launch in Rwanda of Dubuy.com, an e-commerce platform.
IXAfrica, the new-entrant datacentre operator in Kenya has begun an ambitious plan to build a world-leading and sustainable campus at a prime location in Nairobi.
[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water
Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways.
[Madagascar] Jirogasy launches fundraising to finance its solar computer and expansion in East Africa
After a year marked by the launch of its solar computer Jirodesk II, the Malagasy company joins the Seedstar and Shell Foundation's acceleration program.
The African Development Bank and Equity Group signed a $100 million loan facility to support the commercial bank’s expansion across Eastern and Central Africa, enhancing its ability to serve small and medium enterprises as it grows.
Global technology brand, OPPO today announced that its Reno5 Pro 5G and Reno5 5G smartphones have been selected as the designated smartphones for PUBG MOBILE Esports in the Middle East and Africa region.
IFC, a member of the World Bank Group, appointed Amena Arif as its new Country Manager for Kenya, Tanzania, Uganda, Rwanda, Burundi, Somalia, and Malawi, effective immediately.
Through this new Finnish funding, TMEA will scale up support to governments to adopt ICT for Trade systems in key trade agencies that contribute to the successful implementation of National Single Windows.
27 Associate Consultants have graduated from SAP's Young Professional Program, the company's flagship digital skills build initiative, in East Africa following their successful completion of an all-virtual training program.
Aceleron, the UK developer of circular economy lithium-ion batteries, and Jirogasy, the Malagasy solar start-up, have unveiled a new partnership to deliver solar powered computers to 10,000 children a year across schools in Madagascar and East Africa.
The U.S. International Development Finance Corporation (DFC), disbursed a $1 million equity investment in Kasha Global, an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya.
The new fiber ring network will link BringCom’s points of presence in East and West Africa to its European hub in London, providing BringCom customers with protected and reliable connectivity services.
Systems integrator and managed services provider, Dimension Data has started offering technical support services to software firm, SAP, clients in East Africa.
The Government of Denmark reiterated its commitment to support green trade and the fight against COVID-19 pandemic in the East African region, with two financial agreements of $17.5 million.
East African planning, design, architecture and engineering team FBW Group has been appointed to masterplan the expansion of the University of Global Health Equity (UGHE) in Rwanda.
Uganda has become the first country in the eastern and southern African region to convert its driver’s licensing categories to conform to the regionally harmonized Tripartite Transit and Transport Facilitation Programme (TTTFP) standards.
Burundi export products are set to access the larger regional market following improvement of their quality standards, made possible through the provision of laboratory equipment to the agency responsible for Standardization and Quality Control.
Almasi Ndangili is the founder of Imarisha East Africa Productions Ltd, a Kenya-based talent academy promoting education through edutainment.
South Africa's fintech startup Ukheshe has entered into a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya.
Business Membership Organizations in the East African are adopting Customer Relationship Management software technologies, in a bid to improve service provision to businesses amid the COVID-19 pandemic.
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.
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.