Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
The relationship combines SABRON's strong market knowledge with Sabre's innovative technology.
The two organisations have collaborated since 2017 to implement various Sanitary and Phyto-Sanitary Measures (SPS) projects across East Africa in, among other areas, conducting studies on SPS Gaps in the region and tools to remedy the situation.
KCB Group Plc shareholders have approved the proposed acquisition of the DRC-based lender Trust Merchant Bank SA (TMB) during an Extra Ordinary General Meeting held in Nairobi.
The COMESA Monetary Institute (CMI) organized the training to enhance the implementation of the COMESA Financial System Development and Stability Plan.
By switching to software-defined wide area networking (SD-WAN), many enterprises in East Africa and around the world are accelerating their digital transformation.
Spanning a single network that includes Uganda, Tanzania, Kenya and South Sudan, the Borderless Banking solution has grown exponentially between January 2021 to March 2022, at a rate of USD 40 million of transactional volume from virtually zero in January 2021.
[East Africa Business Week] Bob Koigi: Banking on innovations, partnerships to grow financial services sector
These developments have led to improved services and a robust sector that is shaping the region’s financial services industry dynamics.
Norrsken House Kigali has launched a new facility that will allow it to host more than 1000 entrepreneurs and innovators.
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
Private sector stakeholders call for harmonization of East Africa standards to boost intra-EAC trade
East African Private Sector have urged Governments to for fast-tracked harmonization of East African Standards during the EABC-TMEA Regional Public Private Engagement on Standards held in Dar es Salaam, Tanzania.
East African startups have been on an expansion drive, raising funding as they seek to tap into emerging opportunities in the region and across Africa while growing their portfolio.
The meeting noted that such periodic forums would facilitate the sharing of experiences, information, lessons learnt and best practices in land policy formulation and implementation.
The TMEA Board conducted a rigorous selection process to select a CEO with strong experience of the nexus of aid for trade, Governments and diplomacy, multilaterals, and development, positioning him to provide continuity of purpose.
In a historic move for the integration process, The East African Business Council, COMESA and SADC Business Council recently launched and formed the African Tripartite Business Council.
The East African Business Council, COMESA and SADC Business Council have officially launched and formed the African Tripartite Business Council to spearhead the inclusion of private sector policy proposals into the negotiations of African Continental Free Trade Area (AfCFTA) Agreement and the African Tripartite Free Trade Area (TFTA).
Kenya’s incoming government following the just concluded elections takes office amid ballooning public debt, chronic drought, COVID-19 effects, inflation, unemployment and the impacts of global shocks that have buffeted the nation.
Aktif Bank Breaks Ground in the African Continent once again by opening it's first international representative office in Rwanda
Kenya e-logistics company Lori Systems which operates across East Africa has raised an undisclosed amount of Round B funding from Google.
Individuals and businesses join the African Business Roundtable for numerous reasons, and the organization’s objectives have been carefully designed to serve them.
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.
Cape Town-headquartered venture capital (VC) firm HAVAÍC this week announced a US$500,000 investment in FinAccess, an East African headquartered software solutions provider.
EAC launched the Arusha Bypass Road, during the EAC Heads of State summit, the 42.4 km bypass seeks to decongest traffic in the towns of Arusha and Moshi and to promote intra-regional trade.
As the region bets on diaspora remittances to boost respective countries’ national purses and drive economic growth across East Africa, member states are looking at cementing regional partnerships.
Sudanese fintech founder Ahmed Ismail’s Bloom secures $6.5 million in seed funding. Visa joined the round and, in doing so, hopes to increase its card adoption in Sudan and East Africa.
The Summit discussed a raft of issues touching on the region from infrastructure development, energy transition, removing all restrictions on air transport services and strengthening the community.
The Summit that met physically for the first time in three years noted that the Common Market was the best way to increase intra-regional trade and spur economic growth in the region.
Satellite connectivity solutions enable the integration of latest technologies with existing infrastructure.
Afreximbank and the East Africa Business Council (EABC) have launched the EABC, with the goal of creating a platform for engagement and investment between the East Africa Community (EAC) and the rest of Africa, to unlock investment opportunities, private sector development and business growth.
BAD approuve $175 millions pour la Banque de commerce et de développement d’Afrique de l’Est et Australe
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un accord de participation aux risques financé pour un montant de 175 millions de dollars en faveur de la Banque de commerce et de développement de l’Afrique de l’Est et australe.
The Chief Executive Officer of the East African Business Council (EABC) Mr. John Bosco Kalisa has urged EAC Partners States to have common regional policies on future global shocks to enhance economic resilience and rebound amid COVID-19.
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, has closed an additional EUR 2.5 million in debt financing from a leading European impact investor whose mandate is to support the growth of MSMEs across the African continent.
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
The strategy will offer an opportunity for Partners States to achieve their individual aspirations, making use of the region’s abundant natural resources, including underutilized agricultural waste materials, to produce value-added products with applications in many sectors including food, health, energy and industrial goods.
The World Bank has appointed Victoria Kwakwa as the new World Bank Vice President for Eastern and Southern Africa.
World Bank approves $2.3 Billion program to address escalating food insecurity in Eastern and Southern Africa
The World Bank Group approved a $2.3 billion program to help countries in Eastern and Southern Africa increase the resilience of the region’s food systems and ability to tackle growing food insecurity.
World Bank approves $2.3 billion programme to address escalating food insecurity in Eastern and Southern Africa
The World Bank Group has approved a $2.3 billion program to help countries in Eastern and Southern Africa increase the resilience of the region’s food systems and ability to tackle growing food insecurity.
COMESA and Texas A&M Agrilife Research, USA have signed a Memorandum of Understanding (MoU) to support mycotoxin risk management involving aflatoxins and fumonisins for trade commodities and staples. This is a key pillar of mutual recognition of certificates of analysis amongst trading countries.
[Column] Hardeep Sound: Beyond recovery: Tech’s role in building a fit-for-purpose East African economy
Following the easing of lockdown restrictions in East Africa, regional economies have worked hard at making up lost ground and repairing the economic damage wrought by the pandemic.
How to mitigate the risk of the massive brain drain that has become a perennial problem in Africa is something that keeps many business and technology leaders up at night
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
NSE, Risk Insights collaborate to use ESG GPS rating platform to drive sustainability in East Africa
The Nairobi Securities Exchange (NSE) and Risk Insights have agreed to cooperate and use Risk Insights’ AI-powered ESG GPS™ rating platform and suite of products, to drive sustainability in East Africa.
AWIEF and the AFAWA the African Development Bank Group (AfDB) have joined forces to drive increased access to finance and markets for women-owned and women-led small and medium enterprises (WSMEs) across Southern, East and West Africa.
[East Africa Business Week] Bob Koigi: South Sudan remains a strategic player in the region’s petroleum industry
Owing to its strategic position at the heart of a wider Nile Basin-East Africa hydrocarbons-rich area, South Sudan is emerging as the hub for petroleum industry services and exploration in the region.
Burundi, the Democratic Republic of Congo (DRC), and neighboring countries within the Great Lakes Region of Eastern Africa are set to benefit from the new Great Lakes Trade Facilitation and Integration Project.
South Sudan has its own unique place at the center of a wider Nile Basin-East Africa hydrocarbons-rich area that perfectly positions the country as the hub for petroleum industry services and exploration.
Global edtech company Snapplify has launched its Teacha! brand in East Africa, making thousands of teaching resources immediately available to teachers. Using the Teacha! resource marketplace, teachers can buy and sell their teaching resources online.
The recent decision by the International Fund for Agricultural Development (IFAD) to open an office serving the East and Southern African regions is a pointer to the crucial role farmers play in the region play in the East African, continental and global food systems.
The Kingdom of Saudi Arabia seeks to enhance relations with countries in the Common Market for Eastern and Southern Africa by establishing new areas of investment and development through the COMESA Secretariat.
The International Fund for Agricultural Development (IFAD) has officially opened its East and Southern Africa regional office to help the institution meet its goal of reducing hunger and poverty.
Mastercard study advocates financial inclusion as a driver for better access to health and education
Financial inclusion is driving better access to health and education across Middle East and Africa, according to a new white paper from Mastercard.
The East African Community (EAC) has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91,579,215.
[Incentro | Google | DigiCloud | Hybrid Event] Data analytics; unlock real-time business insights with BigQuery
Join Marvin from Google and Sizwe from DigiCloud as they discuss how data and analytics with BigQuery can offer priceless real-time insights.
Vertiv signs channel distribution agreement with Tech First Gulf to accelerate market presence in East Africa
Vertiv, a global provider of critical digital infrastructure and continuity solutions, announced a distribution partnership with Tech First Gulf (TFG), an IT infrastructure and security value-added distributor, to accelerate market presence in East Africa.
MetroTrans East Africa has invested Sh 389 million in a fleet of new FUSO buses aimed at meeting the door to door transport demand in the Kenyan Market.
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
Nigerian fintech startup Grey has announced the launch of its service to East Africa starting with Kenya in partnership with Cellulant
He replaces Mr Joshua Oigara who has been the GCEO for the last nine and a half years. Joshua will be available for a period of time to support a smooth transition. The appointment follows a competitively run selection process that kicked off in March 2022.
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
Rwanda is on its way to becoming "a living laboratory of emerging technologies" by leveraging its new Center for the Fourth Industrial Revolution (C4IR).
IFC, Equity Group expand partnership to support small business lending, climate-smart projects across Eastern and Central Africa
IFC and Equity Group are expanding their partnership to support the sustainable development of Africa by increasing access to financial services for small businesses and funding for green projects in six countries across Eastern and Central Africa.
The discussions also focused on the implementation of the EAC Single Customs Territory by the Republic of South Sudan to quicken the clearance of cargo at the Elegu/Nimule border.
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.
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.
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.
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 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.
Severe drought conditions in Ethiopia, Kenya and Somalia could result in over 20 million people across the region needing emergency food assistance in 2022, which would be a 70% increase when compared to the severe drought in 2016 and 2017.
If banks are to adequately compete and address the challenge posed by the growing influence of fintechs into their space, they will need to modernize their systems to exceed the services offered by these financial technology players.
Based on this year’s theme, Play it Forward, students were encouraged to go out into the world and make a difference through acts of kindness such as volunteering their skills or mentoring others who are pursuing the same musical path.
Yara Growth Ventures joins SoftBank Vision Fund 2 as an investor in leading African agri-marketplace
Apollo Agriculture a leading African agri-marketplace – announced a series B funding round of USD 30M led by SoftBank Vision Fund and Yara Growth Ventures.
InfraCo Africa a signé une convention entre actionnaires avec Globology Ltd, engageant 3,8 millions de dollars US pour soutenir l’expansion des opérations de transport de passagers de la société Waterbus, active sur le Lac Victoria.
These new additions to OpenWay’s partner network will allow its clients to reduce time-to-market for innovative digital payments solutions in East Africa and beyond.
The Summit of EAC Heads of State at their 19th Ordinary Summit admitted DRC following recommendation by the Council of Ministers.
Kenya is set to host the first trade facilitation summit in the East African region as the country seeks to increase international trade.
Goodlife Pharmacies raises $12m to increase access to quality medicines and healthcare services in East Africa
Healthcare and retail pharmacy chain, Goodlife Pharmacies, raised $12 million in debt financing from Proparco, the French Development Finance Institution, to increase access to quality medicines and healthcare services in East Africa.
Insurance group Jubilee Holdings Limited (JHL), announced it has purchased an additional 10% stake in submarine fibre optic cable project SEACOM, increasing its shareholding in SEACOM from 8.8% to 18.8%.
Countries across East Africa are breathing a sigh of relief as pandemic-related challenges finally ease and the prospect of some form of normalcy emerges.
The expansion of Nigerian fintech Paga to Ethiopia through a partnership with the Bank of Abyssinia is the latest in a growing list of digital financial services investments in the region.
Mozilla Common Voice, an open-source initiative that aims to make voice technology more inclusive has announced $400,000 in grants for voice technologies that leverage its open-source Kiswahili data set.
Mitel, a leader in business communication technology, has announced plans to expand its footprint in the East African region, buoyed by a positive growth trajectory experienced last year.
Further, the bank will avail MoneyGram and Western Union services and also provide a platform for banking inquiries.
East African member states, private sector players and development partners have stepped up their investment in women-led businesses and SMEs in a move likely to impact cross-border trade and boost integration in the region.
The Covid-19 pandemic has taught us many lessons about health security – not the least that, when health resources are scarce, African countries cannot necessarily rely on imports to protect their people.
Leading endoscope manufacturer KARL STORZ became the newest company to join IFC's Africa Medical Equipment Facility, IFC announced today, helping Africa's healthcare providers to further strengthen their services in the wake of the COVID-19 pandemic.
Bloomberg Philanthropies announced a partnership with CARE to expand existing Village Savings and Loans Associations (VSLAs) for agricultural funds in Tanzania, Rwanda, and Democratic Republic of the Congo
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
Tullow Oil announced that the Final Investment Decision for the Tilenga Project in Uganda and the East African Crude Oil Pipeline (EACOP), has triggered a contingent consideration of $75 million in relation to Tullow’s sale of its assets in Uganda to Total.
The Aga Khan hospitals in East Africa have received €2.3 million grant from Proparco to increase access to healthcare services by boosting oxygen supply and supporting needy patients with quality care.
[East Africa Business Week] Bob Koigi: What EU’s lifting of financial sanctions on Burundi means for EAC
The EU made the decision in the wake of deteriorating political situation occasioned by a disputed presidential election in 2015.
The East African Community (EAC) Secretary General, Hon. (Dr.) Peter Mathuki, has hailed the European Union (EU) for lifting financial sanctions that it imposed on the Republic of Burundi almost six years ago.
As the East African nations continue to make oil and gas discoveries, investors and multinationals are pitching tent in the region on an exploration binge with governments betting on the newfound resources to grow national and regional economies.
An increase in submarine cable activities and fiber connectivity is attracting more investments in East Africa while opening up the region to the world.
Whereas Kenya has been trying to revive regional trade, our own policies and regulations developed over the last couple of years hinder these efforts.
Samsung Electronics has appointed Mr. Tae Sun Lee as the new East Africa Managing Director effective January 2022. He takes over from Mr. Seok Min Hong who has been at the helm of the company since September 2017.
As the East African Community, EAC, member states eye innovative ways of deepening integration and trading more with each other, the bloc and individual countries are putting in place mechanisms, policies and legislation that seek to address longstanding hiccups that have put the brakes on seamless regional trade.
How does the East African region achieve a full economic recovery from the impact of the pandemic while also building toward a more globally-competitive and sustainable future?
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.