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.
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.
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.
Sub-Saharan Africa construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region accordin to Mace’s latest Market report.
With the tenth-fastest growing economy in the world this year, Kenya is in the midst of a transformative period of economic growth and advancement.
As far as trading blocs go, the European Union (EU) has been a global case study of turning a free market into a common market.
Revenue collection in Ethiopia has increased significantly after the government implemented tax reforms to boost resources.
Dimension Data, a global technology systems integrator and managed services provider, has entered an alliance with SAP, to offer a new set of intelligent enterprise solutions in East Africa.
The Capital Market Authority, Rwanda (CMA Rwanda) announced that it has formed a partnership with the UKAID funded Financial Sector Deepening Africa (FSD Africa) to strengthen Rwanda’s Capital Markets.
Clinton Foundation, CIMMYT partner to improve access to climate-resilient maize seed in Eastern and Southern Africa
The Clinton Foundation and the International Maize and Wheat Improvement Centre (CIMMYT) are launching a partnership to improve access to and availability of climate-resilient maize varieties in Eastern and Southern Africa.
The Kenya Revenue Authority (KRA) is working on repatriating nine (9) high-value stolen motor vehicles recently seized at the Port of Mombasa to their country of origin.
The inaugural Telecoms, Electronics, Mobile and Systems, Africa ICT expo and conference billed as East Africa’s largest ICT showcase, is scheduled to run from 24th to 26th April 2019.
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.
NIC Group has announced that during the Annual General Meeting held on Wednesday, 17th April 2019, its shareholders overwhelmingly approved the merger with Commercial Bank of Africa (CBA).
The Nairobi Securities Exchange (NSE) has admitted Vehicle and Equipment Leasing Limited (VAELL) onto its premium incubation and acceleration program, Ibuka.
TradeMark East Africa and Rwanda Standards Board partner in a $1 million food safety and trade project
TradeMark East Africa (TMEA) has committed to fund Rwanda Standards Board (RSB) with $ 1 Million in support of projects that will enhance food safety and trade.
Nestlé Kenya operations will now report into South Africa following the reorganization of Nestlé business in Sub-Saharan Africa.
African tech startups raised a total of US$1.163 billion in equity funding in 2018. This is according to the Partech Africa annual report on the financing of African Startups.
Economic growth in East Africa is soaring ahead of other regions on the continent at close to 7 percent while the overall outlook for the rest of Africa is cautious, but positive.
Africa Healthcare Network has over the years worked to change the landscape of renal care and education in Sub-Saharan Africa through the provision of dialysis services, education of clinicians and patients.
E-commerce can significantly boost free trade across Africa and therefore help realize the objectives of the Africa Continental Free Trade Agreement (AfCFTA).
Jiji and OLX announced that both companies have reached an agreement under which Jiji will acquire OLX businesses in Ghana, Kenya, Tanzania, and Uganda, pending certain regulatory approvals.
The National Aviation Services (NAS), has partnered with Wanzl and ICT.aero to launch state-of-the-art electronic gates (E-gates) at its Pearl Lounge in the Marrakech Menara Airport departures area, Morocco.
Uganda's excise duty imposed over goods imported within East Africa is a violation of the EAC Treaty, court rules
The East African Court of Justice has ruled that Uganda government violated the EAC Treaty by imposing extra excise duty law over imported cigarettes within East Africa.
Liquid Telecom selects Nokia to deploy upgraded channel network in East Africa for expanded broadband services
Liquid Telecom Kenya, part of the pan-African telecoms group Liquid Telecom, and Nokia have announced a two-year partnership to upgrade their existing fiber network.
Kenyan entrepreneur, David Kimani, is providing the unique service of vacations and holiday trips on credit - to be paid for at later dates - with his company, Vacay Holiday Deals.
The appointment will see Opil continue to support and grow strong market alignment for the Kaspersky Lab brand locally with particular focus on the East African region.
Kampala City has been selected as the lead among the Twelve African cities in the Africa Smart Towns Network following a competitive submission to the call for applications by the French Development Agency early this year.
Africa is judiciously positioned to be the next big mobile market, enviously eyed by global investors for her enormous growth opportunities according to a Mobile Report for Africa released by Jumia.
SEACOM has announced that it will now offer direct connections from its East Africa network to public cloud networks and data centers located in South Africa.
Vibrant sustainable economies require the full inclusion and participation of all citizens and especially women, a joint statement by Uganda Revenue Authority (URA) and TradeMark East Africa (TMEA) says.
Bidco Africa, the largest manufacturer of FMCG in East Africa, migrates to SAP HANA Database to gain real-time and in-memory computing capabilities to improve its delivery to customers.
Vivo Energy has announced its conclusion with Engen Holdings transaction, leading to expansion of its service station network to 8 new countries in Africa.
[South Africa] Sanlam remains resilient amid challenging operating environment, Sanlam annual results
Sanlam’s 2018 annual results provides testimony to its resilience amid challenging operating conditions and negative investment markets as it announced its operational results for the 12 months ended 31 December 2018.
Inhabitants of Kenya,Tanzania, Uganda and Ethiopia will enjoy uninterrupted supply of electricity with the upcoming commissioning of a power transmission line to interconnect Kenya and Ethiopia, powered by the AfDB.
Taxation is a key element in cost of doing business and hence should be designed to optimize growth of industry and increase overall competitiveness.
ARED has completed the assembly of an order of 20 kiosks designed and produced by Tec-Solute GmbH in Karlsruhe, Germany, to supplement the company’s operations in Uganda and Rwanda.
East African Community leaders have lauded the regional body for the role it has played towards improving the economies of member countries.
An intergovernmental ministerial committee meeting between the governments of Uganda and Tanzania agreed to sign the Host Government Agreement for the East Africa crude oil pipeline by the end of June.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
African Infrastructure Investment Managers acquires stake in BBOXX as it expands to off-grid solar market
African Infrastructure Investment Managers has acquired through its African Infrastructure Investment Fund 3 a minority stake in BBOXX’s operations in East Africa.
Versa Networks and BringCom roll out improved network connectivity solutions in East and West Africa
Versa Networks and BringCom Incorporated have rolled out a joint solution to deliver Versa's best-in-class SD-WAN capabilities to East and West Africa.
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state.
The Capital Markets Authority (CMA) has announced the publication of a draft Regulatory Sandbox Policy Guidance Note which will facilitate the admission of fintech firms to a Regulatory Sandbox.
MafAfrique commits to invest $1.5 Million to boost East Africa’s fruits and vegetable exports to Middle East and Europe
MafAfrique, has committed to raising and investing up to $1.5 Million in ISQCL, Kenya to scale up its sustainable fruits and vegetables sourcing , production and value addition.
The United Nations Conference on Trade and Development (UNCTAD) and TradeMark East Africa (TMEA) have signed an MOU which is aimed at boosting trade in East Africa.
Burundi, Kenya, Rwanda, the United Republic of Tanzania, and Uganda have agreed to make trade between them and with other countries cheaper, faster and simpler.
Liquid Telecom has reached an agreement with CDC Group, the UK’s development finance institution, to invest $180m in the company.
TC4A launches its East Africa business in Kenya to boost universal healthcare coverage through digital innovation
Social impact company Tech Care for All (TC4A), has announced the launch of its East Africa business, to be headquartered in Nairobi, Kenya.
The Secretary General of the EAC, Amb. Liberat Mfumukeko has held bilateral talks with a French government delegation.
IFC, a member of the World Bank Group, has signed a two-year $500,000 advisory project with I&M Bank (Rwanda) Plc. to expand access to finance for small and medium enterprises.
BK Group PLC has cross-listed on the Nairobi Securities Exchange (NSE) becoming the first Rwandan company to tap into the Kenyan Capital Market.
The Government of Norway has announced its contribution to the Farm to Market Alliance, a global private-sector led initiative with the aim to make markets work better for smallholder farmers.
The International Centre of Insect Physiology and Ecology (icipe), Kenya, has been selected to manage the Regional Scholarship and Innovation Fund (RSIF).
East Africa Community member states asked to deploy IT-enabled procurement systems to curb corruption
Kenya’s Cabinet Secretary for National Treasury Mr Henry Rotich has called on East Africa Community member states to deploy IT-enabled procurement systems to curb corruption.
The core of any economy is the ability of economic agents to convert inputs – capital, labour, energy, raw materials and purchased services – into useful products.
The Energy Security Policy Framework recently launched will help East African countries to tackle the increasing energy insecurity affecting the region.
With an average growth rate of 6.7% between 2013 and 2017 - double the African average - East Africa is one of the fastest growing regions in the world, accompanied by rapid social improvements
The East Africa cement market reached a volume of 14.4 Million tonnes in 2017.
Twiga Foods, a Kenyan mobile phone platform that sells bananas and other produce from small-scale farmers to local vendors and markets is offering local farmers access to a transparent marketplace.
RENEW and members of the Impact Angel Network (IAN) have closed an investment in ET Fresh, LLC.
The Central Bank of Kenya (CBK) announced that it has transferred to the Government Consolidated Fund Ksh.800 million from CBK’s General Reserve Fund (GRF) as at end FY2017/18.
Navis, a provider of operational technologies and services across the shipping supply chain has announced that Société de Gestion du Terminal à Conteneurs de Doraleh has implemented the N4 terminal operating system at its facility.
GE Healthcare has conducted a series of educational sessions in Kenya, Uganda and Tanzania targeting radiologists and radiographers. The educational sessions, which were attended by more than 100 healthcare practitioners, introduced participants to the latest techniques and technologies on medical imaging.
It is quite telling that presently, the port of Mombasa is losing a chunk of Rwanda’s business to Dar es Salaam Port.
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
Food and drink company Nestlé has partnered with early education social enterprise Tembo Education to deliver customized, nutrition-based curriculums to families across Kenya, through SMS and WhatsApp messages.
The African Development Bank (AfDB) has approved a sovereign loan of US$229.5 million to the Republic of Uganda to finance phase one of the Kampala-Jinja Expressway project.
World Bank Approves $293 Million to Boost Regional Integration and Technical Training in East Africa
The World Bank today approved a $293 million International Development Association (IDA)* credit and grant to increase access to and quality of Technical and Vocational Education and Training (TVET) Institutes and to support regional integration across East Africa.
The Capital Markets Authority (CMA) has granted approval for the cross-listing by introduction of Bank of Kigali Group Plc (BK), a holding company of Bank of Kigali Plc, BK Insurance, BK Capital and BKTecHouse, on the Nairobi Securities Exchange (NSE).
Enterprises in Southern East Africa and Mauritius are rapidly stepping up their efforts to boost customer experience, reports omnichannel customer experience specialist Genesys.
Elanco Animal Health Incorporated is progressing a groundbreaking project to provide sustainable development solutions to address food insecurity in East African countries – Tanzania, Kenya and Uganda.
Coffee producers in Ethiopia and Burundi should capitalize on growing interest in premium markets and environmental sustainability among the 500 million people globally who drink coffee every day to make the most of their inimitable beans.
The African Development Bank recently convened a meeting of experts in the agricultural sector to design integrated pest and disease management mechanisms for controlling the spread of the Fall Army Worm in East Africa.
The African Legal Support Facility has launched a flagship initiative, the “ALSF Academy Project." Under this initiative, the ALSF has developed a three-level capacity building and certification program.
Pan-African telecoms group Liquid Telecom has appointed Adil Youssefi as the new Regional CEO of East Africa, where he will oversee five key markets in the region.
Kenya has taken less than a decade to make giant strides in its energy sector. Key to this are two iconic renewable energy projects that have benefited from the support of the African Development Bank: Turkana Wind Farm and Menengai Geothermal Power Station.
East Africa Business Council, EABC, has appointed Hon. Peter Mathuki as the acting Executive Director following the resignation of Ms. Lilian Awinja.
East Africa Legislative Assembly is adding its voice to the debate on greening the environment.
ImpalaPay has announced a partnership with World Capacity Builders of British Columbia, Canada to enable the cross- border traders join and participate in the Global economy and create meaningful and impact societal wealth.
From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International today announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving the momentum of growth for the company, amplified by five new hotel signings.
Amref Health Africa through the Institute of Capacity Development have signed a Memorandum of Understanding with Aga Khan Foundation East Africa.