East African Community partner states have been directed to enforce relevant laws to effectively ban the manufacture and use of plastic carrier bags with immediate effect.
The East African Community Partner States are in the process of harmonizing critical policies and putting in place the requisite institutions to attain a single currency for the region by 2024 as outlined in the EAC Monetary Union Protocol.
TradeMark East Africa (TMEA) and the Mombasa County Government inked a US$2.7 million financing deal towards construction of the Mbaraki-Nyerere Road.
The Republic of Namibia has become the eighth country to ratify the Tripartite Free Trade Area (TFTA) Agreement moving the region closer to having a fully operational Agreement this year.
The MultiChoice Talent Factory (MTF) Masterclasses for 2020 have officially started.
Clarke Energy, a Liverpool engineering company is helping African businesses reduce carbon emissions thanks to innovative hybrid engines.
Elgon Kenya’s Director Bimal Kantaria has been recognized with an Honorary Doctorate of Humanities degree for his efforts at promoting the agriculture sector in East Africa.
IFC, the private sector arm of the World Bank has called on health tech innovators from around the world to bring their solutions to the East African market to meet the needs of patients and health care providers.
African tech startups this year tapped millions of dollars by taking part in and winning startup competitions - at least over $6million collectively, by Ventureburn’s calculations.
Over three million people from Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s (AfDB) board.
Paratus, a leading telecoms operator with operational offices in six African countries, is the first telecoms operator to bridge Africa.
TDB, EIB deepen partnership with $120m 15-year SME, climate action facility in Eastern, Southern Africa
The Trade and Development Bank (TDB) and the European Investment Bank (EIB), signed a USD 120 million 15-year SME and climate action facility to grow the relationship between the Eastern and Southern African countries.
Dimension Data has launched its fifth business unit in Africa and Middle East (MEA) region aimed at helping organisations in the region address the challenges of today’s rapidly evolving IT threat landscape.
SmartStream partners With Union Systems to assist East and West Africa organizations in their digital strategies
SmartStream Technologies has announced its partnership with Union Systems Limited, a key provider of financial software solutions and professional services to major banks in East and West Africa.
The M-PESA Foundation Academy has become the first learning institution to be recognised as the Company of the year at the East Africa CIO awards.
Absa Corporate and Investment Banking (CIB) claimed top honours at the 12th EMEA Finance African Banking Awards, 2019 where it was awarded Best Investment Bank in Africa.
IFC and IFHA-II Coöperatief U.A., a private equity fund focused on health care in Sub-Saharan Africa, launched a $115 million holding company to acquire and integrate targeted health care service businesses in East and Southern Africa.
CloudHop, has announced a new partnership with Nasdaq Governance Solutions to provide its clients in Eastern Africa with access to Nasdaq Boardvantage.
[Kenya] CloudHop inks deal with Nasdaq Governance Solutions to provide clients with solution that enhances corporate governance
Cloud solutions provider in Kenya, CloudHop, has partnered with Nasdaq Governance Solutions, a business of Nasdaq Inc. to provide its clients in Eastern Africa with access to Nasdaq Boardvantage®.
Motorola Solutions, a global leader in mission-critical communications, has expanded its video security portfolio with new solutions that help police respond more efficiently in emergency situations.
Bolt (Formerly Taxify) has launched a dedicated environmental impact fund with seed capital of €10 million aimed at initiatives which deliver global social and environmental benefits.
Leading pan-African telecoms group Liquid Telecom has launched the fastest direct land-based fibre link connecting East to West Africa.
Training management firms like Edify Learning Forum Africa, ELFA, have been at the forefront of designing, managing and redefining organizational learning processes in Africa over the years.
Bolt (Formerly Taxify) has launched a dedicated environmental impact fund with seed capital of €10 million aimed at initiatives which deliver global social and environmental benefits.
The Economic Commission for Africa (ECA) Economic Affairs Officer, Geoffrey Manyara says that capitalizing on tourism potential will significantly accelerate Economic Development in the region.
The People’s Republic of China has made a commitment to give the East African Community (EAC) 12 cars worth US$400,000 to be used in various capacity building programmes at the Community.
National carrier Kenya Airways (KQ) has signed a one way codeshare agreement with Safarilink Aviation to open up Kenya by connecting domestic scheduled services to all the best safari destinations within Kenya and Tanzania.
COMESA develops regional climate change resilience framework to withstand adverse climate change disasters for Member States
COMESA has developed a draft Regional Resilience Framework to build the capacity of its members to withstand disasters occasioned by adverse effects of climate change.
COMESA and Trade Mark East Africa (TMEA) have signed a Memorandum of Understanding (MoU) to promote trade in the region by removing obstacles that impede the smooth flow of trade among the Member States in the region.
Workonline Communications, has launched Remote Cloud Connect, facilitating access to cloud services for Workonline customers over a dedicated Ethernet Virtual Private Line (EVPL) service.
Cisco has appointed Sally Kimeu as Country Leader and Regional Manager for its East Africa operations in 10 countries.
Nairobi will this week host the EIB Eastern Africa SME and Microfinance Banking Forum that will seek to improve the economic and social impact of private sector financing supported by the lending arm of the European Union in East Africa.
On-demand transportation platform Bolt has announced the appointment of Kenneth Micah as the Regional Manager for East Africa.
KCB Group has been ranked at position 717 in The Banker’s Top 1000 World Banks ranking for 2019, climbing nearly 100 places up, on the back of steady growth and strong balance sheet credentials.
The African ICT Foundation (AfICTF) East Africa Regional Executive Council has called for the adoption of a unified telecoms tariff for voice and data across all mobile telephone networks in the region.
Magal Security Systems announced that it has received approximately $8 million in orders from East Africa over the past several months.
Tourism sector vital in East African Community, EALA calls for embrace of single tourism visa, report
A report of the Assembly on the Oversight activity on the Performance of the Tourism Sector in the region, wants the East African Community (EAC), to fastrack the conclusion of the EAC Protocol on Tourism and Wildlife Management.
KCB Group has listed an additional 142,979,717shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK).
The intra-Global Climate Alliance Plus (GCCA+) Programme on supporting Climate Change Adaptation and Mitigation Actions in the East African Community has been launched at the EAC Headquarters.
The East African Legislative Assembly (EALA) report has lamented over the declining forest cover in the EAC region, while calling for remedial measures to address factors hindering on the future sustainability of the Lake Victoria Basin.
The UK Secretary of State for International Development announced a new UK aid package that will help mobilise £500 million in private sector investment and create 50,000 jobs across Sub-Saharan Africa.
While most African countries are bearing the brunt of the US-China trade war, as well as a slump in commodity prices which is greatly affecting exporters, East Africa’s economic diversity is still playing a key role in cushioning the region from shocks.
Laos-base payment solutions provider KiwiPay has announced plans to launch in seven African countries. This is part of the company’s global expansion move.
Orange, PCCW Global and PEACE partner for a new submarine cable to connect Europe to Asia via East Africa by 2021
During the Submarine Networks World international fair currently being held in Singapore, Orange, PCCW Global and PEACE officially signed their agreement to deploy the new submarine cable- PEACE Med.
The European Commission has announced €34.275 million in humanitarian funding to help the most vulnerable people in the Great Lakes region in Africa.
Households using small scale-solar power in East Africa have been found to generate more income, have better health, study more and have a higher quality of life.
AUDA-NEPAD Eastern Africa regional office has been operationalized in Nairobi, Kenya.
Burundi Revenue Authority-OBR set to contribute to regional trade competitiveness with USD 1 Million grant on IT Infrastructure
TradeMark East Africa officiated the handing over of the MOU signed with the Burundi Revenue Authority (OBR), and the Burundi Ministry of Finance and Economic Development Cooperation.
Key stakeholders in the logistics industry gathered in Nairobi for a Supply Chain Network forum to discuss the challenges facing the sector.
TradeMark East Africa and East Africa’s Freight Forwarders body ink $3.5million deal to boost East Africa’s logistics sector
TradeMark East Africa (TMEA) has announced funding the Federation of East African Freight Forwarders Associations (FEAFFA) with $3.5Million.
Bayer creates EUR 20 million social innovation ecosystem fund to spur entrepreneurship for African smallholder farmers
The Bayer Foundation launched its new EUR 20 million Social Innovation ecosystem fund by awarding EUR 3 million to four pioneering social innovators - myAgro, Mercy Corps, Path and Living Goods.
KCB Group has signed a pact with Japan based giant lender Sumitomo Mitsui Banking Corporation (SMBC) to drive cross-border trade and deepen financial inclusion.
[Kenya] Multi-agency team at the Mombasa port called upon to work with stakeholders to curb clearance hitches
Acting National Treasury Cabinet Secretary Ukur Yatani has called on Government multi-agency team working at the Port of Mombasa to work closely with all stakeholders to swiftly address bottlenecks that impede clearance of goods.
The African Airlines Association (AFRAA) has this year welcomed four new member airlines in Kenya, Djibouti, Senegal and Uganda.
Irish exploration company Tullow Oil terminated its farm-down to Total and CNOOC in Uganda on 29 August 2019, following the expiry of the Sale and Purchase Agreements (SPAs).
GCR Ratings is pleased to announce the appointment of Sylvia Chahonyo to drive its growth and expansion strategy across East Africa.
Kobo360 was launched in 2017 by entrepreneurs Obi Ozor and Ife Oyedele II. Kagure Wamunyu is the current CEO, leading the company's expansion and growth in the African region.
New York Stock Exchange-listed agriculture company, Corteva Agriscience, has officially launched its regional operations in East Africa with a promise to revolutionize the agricultural sector.
Smatbeba, a Kenyan startup, which links cargo owners with delivery drivers via mobile apps, plans to expand its footprint to every part of the country by the end of the year.
Paxful, a leading global peer-to-peer bitcoin marketplace, has today unveiled its plans to scale up in Kenya and the broader East African region.
Facebook's third-party fact-checking programme relies on feedback from the Facebook community, as one of many signals Facebook uses to raise potentially false stories to fact-checkers for review.
Kobo360, the digital technology platform disrupting African third-party logistics, has announced the completion of a $20M Series A equity round.
Accor, a world-leading augmented hospitality group, is building out its presence in East Africa having signed an agreement to manage its first MGallery Hotel Collection property in Nairobi, Kenya.
Traders can now expedite the clearance and release of goods along the Kenya borders following a partnership agreement that was recently signed in Nairobi between KenTrade and the Global Alliance for Trade.
A route that would normally take more than 60 hours to drive with a car, can now be done in about 31 milliseconds on the new Paratus Africa fiber network.
Ethiopian Airlines has received its 25th Dash 8-400 Aircraft, with registration number ET-AXE, from De Havilland Aircraft of Canada Limited.
[Column] Nikki Summers: The fourth industrial revolution could spark a wave of small business innovation in East Africa
As a business owner, you may have seen technology and business publications use the term 'Fourth Industrial Revolution' and 'Industry 4.0' lately.
For years, trade has proven to be a key driver of economic growth for many countries across the globe. Trade has also been the fuel for driving regional integration for continents of the world.
Financial services group Sanlam Kenya has sealed an agreement with Sompo Holdings, one of the largest insurance groups in Japan.
TMEA and UNCTAD ink $3 million partnership to fast track implementation of WTO trade facilitation agreement in Eastern Africa
TradeMark East Africa has signed a $3.14 million financing agreement with UNCTAD which is aimed at ensuring that EAC countries comply with the WTO Trade Facilitation Agreement.
Peter Macharia Kamau is a seasoned banker with over 30 years experience in the Banking Industry. Peter founded Jijenge Credit, a lending institution operating since 2014 within East Africa.
KCB Bank has been named the Best Bank in the Country and the Region’s Best Bank for SMEs during the Euromoney Awards for Excellence 2019.
The United Nations World Food Programme (WFP) welcomed a contribution of 5,000 metric tons of rice from the Government of the Republic of Korea to WFP’s refugee support operations in Uganda.
The African ICT Foundation has announced the appointment of Engr. Hago Elteraifi Mohamed Dafalla, to lead its activities in East Africa.
Printronix announces partnership with Tri-Continental to distribute printers in Central, East and West Africa
Printronix, a pioneer of line matrix technology, has signed a distribution agreement with Tri-Continental Ltd.
The African Union has partnered with the EAC to set the pace for the recognition and promotion of Kiswahili as a Language of Wider Communication in the whole of Africa.
Wave of Mergers & Acquisitions strengthens banks’ credit profiles across sub-Saharan Africa, Moody's
The wave of mergers and acquisitions among banks in sub-Saharan Africa is credit positive for bank creditors and is set to continue, Moody's Investors Service said in a report published today.
Vivo Energy, the pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda.
Leading online money transfer service WorldRemit has joined forces with Orabank to enable instant money transfers to 10 new cash pickup locations in Senegal.
According to the International Telecommunication Union's (ITU) only a quarter of Africans have access to the internet. The region has however been seeing the strongest growth.
The 2019 African Space Industry Annual Report explains that the industry has already reached over USD 7 billion of annual revenues and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024.
Next to East Africa lies the Free Zone being the second fastest growing region in Africa: here it is predicted GDP growth by 4.9% by 2019.
In partnership with Root Capital, AgDevCo is pleased to announce its first investment in Kenya, where its providing a US$5 million facility to a market-leading consortium of macadamia processors and exporters.
Kenyan headquartered Equity Bank has set up a Commercial Representative Office in Addis Ababa, Ethiopia, as it prepares to commence operations come July this year.
Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd, has appointed JP Smith as Regional Director for East and West Africa.
Anne Wambui Gaitha is an investment and financial services professional. She founded Regal Africa in 2015. Located at Top Plaza, 4th floor, Kindaruma Road, Kilimani, Nairobi, the company provides diverse financial services in East Africa.
IFC signed an agreement with Twiga Foods, a Kenyan-based technology food distribution platform, to boost the company’s food safety practices in line with global standards.
The Inter-University Council for East Africa has completed the process of selection of Incubation Centers to be hosted at four of the Africa Centers of Excellence.
A group of South African business people who participated in the week-long Outward Trade and Investment mission to Uganda returned home with glee after generating leads and securing deals from the East African Country.
Wilhelmina Diop is investing her skills in Renewable Energy and Sustainable Development into providing rural communities in Ethiopia with affordable access to power, through the startup company, HelloSolar.
KCB Group net profit grew 11% to KShs. 5.8 billion in the first quarter of 2019 from KShs. 5.2 billion reported the same period last year.
CIOs are operating in a state of heightened awareness. Their mission-critical systems are increasingly under threat from constantly evolving viruses and hacks, making it tougher than ever to defend the lifeblood of their business – data.
Kaspersky Lab has announced plans to open a new office in Kigali, Rwanda, to support the rapid growth of its business in East Africa.
Liquid Telecom Kenya has launched a Microsoft Cloud service in East Africa that offers a step-change in cybersecurity for the region’s most sensitive databases.
The Kenya Commercial Bank (KCB) has kicked off a financial literacy initiative to drive up savings in the country.
Regional value added distributor Hiperdist, headquartered in Dubai, has announced a strategic partnership with Pelco for the West and East Africa regions.
Société Pétrolière opened of a new concept of coffee shops, "Brioche On-The-Go!", in partnership with Brioche a network of Bakeries and Cafés in East Africa, starting with Rwanda.
The stars of hotel development in Africa are Egypt, Nigeria, Morocco and Ethiopia, according to the 11thannual survey by W Hospitality Group.
Coca-Cola Central, East & West Africa Ltd has appointed Phillipine Mtikitiki as General Manager, East & Central Africa Franchise effective 1st June 2019, based in Nairobi, Kenya.
National Carrier, Kenya Airways is pleased to announce an additional daily direct service from Nairobi to Bujumbura, Burundi starting 8 May 2019.