The portal provides tools to ensure the technical quality of the offers being made and exchanged are transparent and confidentiality in information sharing. It also provides messaging tools for users to interact safely and support the provision of trade in services data collected from all Member States.
Somalia was admitted into the East African Community (EAC) on Friday Novermber24, 2023 the eighth member of the bloc as it seeks to expand free trade across the region.
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched the ScaleUp Program, its inaugural cohort-based initiative for high-growth founders.
Oikocredit to provide US$ 2 million in Kenya and US$ 160,000 in Uganda to finance community WASH initiatives
Joint support for inclusive finance institutions will accelerate low-income Kenyans’ and Ugandans’ access to safe water and sanitation services.
SGS EAC-Ready certification is a voluntary certification scheme that simplifies the process for exporters entering markets in the republics of Burundi, Congo, Kenya, Rwanda, South Sudan, Tanzania and Uganda.
RedSea, the sustainable Agri Climate Tech business whose pioneering technology advances commercial farming in hot climates globally has appointed Bruno De Oliveira as VP East Africa & Egypt.
This Cigna and AAR Insurance Kenya partnership seamlessly blends local expertise with global reach, providing policyholders with unmatched access to healthcare services on a global scale.
The Africa Fertilizer Financing Mechanism will provide a $2 million partial trade credit guarantee and a $219,000 grant funding to Nairobi-based Apollo Agriculture Limited to support the distribution of over 7,000 tonnes of fertilizers to some 100,000 smallholder farmers in Kenya.
The Burundi Better Coffee Initiative, "Ikawa Nziza mu Burundi”, will benefit over 50,000 coffee farmers in Burundi over the next five years by focusing on improving quality and climate resilience.
The Permanent Parliamentary Committee on Energy and Minerals inspects the East African Crude Oil Pipeline
The Permanent Parliamentary Committee on Energy and Minerals has visited the Chongoleani Port facility of the East African Crude Oil Pipeline (EACOP) project and has been satisfied with the progress of the project.
The Trade Competitiveness and Market Access program (EUR 40 million) will focus on improving the overall trade competitiveness of COMESA member states, while seeking opportunities that come along with global challenges, such as climate change, and making trade more sustainable.
Dhamana will be domiciled in Kenya as a limited liability company with a regional mandate to provide credit guarantees on debt capital market instruments.
Join us for an exclusive event launch, as we unveil Verto Atlas, the financial powerhouse for large corporations and enterprises in Kenya, hosted by Verto on Thursday 23rd November.
IT infrastructure and services company Dimension Data has appointed Peter Gitonga as the new GM for Managed Services, East Africa.
EAC to develop health data governance to foster digital transformation of the health sector in East Africa
Dr. Nzeyimana said the process of developing the framework on Health Data Governance is already underway, adding that EALA has become the first EAC Organ to be consulted on the process.
Join us for an exclusive event launch, as we unveil Verto Atlas, the financial powerhouse for large corporations and enterprises in Kenya, hosted by Verto on Thursday 23rd November.
The largest exporting countries in the COMESA region were Libya, Egypt, Tunisia and Sudan. These had a combined market of 98% in exported fuels in 2022.
BAD lance une initiative de renforcement des capacités pour améliorer le commerce en Afrique de l’Est
Les programmes de facilitation des échanges de la Banque étaient conçus pour réduire les obstacles au commerce international et faciliter le commerce intra-africain et extérieur.
[Free Webinar] The Verto Hour: Streamlining Payments for Manufacturers and Suppliers in Eastern and Western Africa
Join this webinar that empowers both manufacturers and suppliers operating in African markets with valuable insights and actionable strategies to streamline their payment processes and ensure uninterrupted supply chain continuity.
Under the MoU, TDB and ITFC will harmonize their efforts to provide robust trade finance solutions to better serve their respective Member Countries in Africa.
Salient receives $2.9 million grant to provide enhanced weather forecasts for smallholder farmers in East Africa
This investment from the Bill & Melinda Gates Foundation is expected to contribute to the delivery of climate-informed decision support tools to help farmers adapt to and mitigate the impacts of climate change
Both sides committed and agreed to foster a human-centric digital transformation in East Africa to utilize digital technologies and innovations for regional integration.
The East African Community (EAC) and European Union (EU) formally launched the second phase of the EU-EAC Market Access Upgrade Programme (MARKUP II) in Arusha, Tanzania
Visa announced a partnership agreement with ABHI that aims to revolutionize the financial landscape by driving innovation, promoting financial inclusion, and accelerating the adoption of new payment solutions in the CEMEA region.
The transformation into STIHL East Africa Limited, launched in August 2022, is attributed to the region's growing demand for power tools.
STIHL East Africa Managing Director Francois Marais said the move is necessitated by the demand for sustainable energy sources amidst global climate change challenges.
Ecobank and AMREF partner to ease emergency air and ground evacuation of patients across East Africa
Pan African Bank Ecobank Kenya Limited has partnered with AMREF Flying Doctors to offer Maisha Membership; an air and ground ambulance scheme to the Bank's clientele.
Finnfund and DFC commit 15 million US dollars in equity and loan financing to Kentegra Biotechnology to boost the expansion of pyrethrin production in Kenya.
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has partnered with Diamond Trust Bank (DTB) to provide an innovative BaaS platform in East Africa.
East Africa’s leading digital health access platform, Kasha, has announced a successful Series B fundraising round of $21 million, led by Knife Capital, a pan-African venture capital firm based out of South Africa.
AU Member States were further urged to invest in irrigation agriculture by moving away from the reliance on rain-fed agriculture. African countries were called upon to adopt policies that motivate the youth to take part in agriculture to ensure increased production and reduce food insecurity.
Ms. Ssemuwemba announced that the tool is now ready for use and that Partner States and stakeholders will embark on data collection, sensitisation on use and full roll out.
The Ethiopian and Nigerian central banks have agreed to swap funds trapped in their respective states, which will see Ethiopian Airlines (ET) recover up to $100 million trapped in Nigeria.
Peschka, who brings more than 30 years of global investment and development expertise to her new role, will drive IFC's strategy across the region to support resilient, inclusive, and sustainable private sector growth and job creation.
Kushite East Africa ICP Hub has launched a local web3 hub focused on education and awareness of blockchain and web3 technology.
Stanbic Bank, a leading financial institution in South Sudan one of the silver sponsor of the sixth edition of the South Sudan Oil and Power (SSOP) 2023 conference and exhibition . Themed, "The Engine of East African Growth" SSOP 2023 reinforced its role in Oil and Gas Sector Develompement.
The East African Community (EAC) has launched a campaign aimed at creating awareness on the agri-export trade opportunities that have been created through the EU-EAC Market Access Upgrade Programme (MARKUP).
Fifteen startups from Kenya, Uganda, Ethiopia, Mauritius, Rwanda and Tanzania have been announced as Eastern Regional winners of the Global Startup Awards (GSA) Africa 2022/23.
President William Ruto has announced plans to remove visa requirements for African nationals travelling to Kenya for business as a first major step to remove barriers to intra-Africa trade.
Azentio Software announced that the latest version of its Islamic banking solution - iMAL, has gone live at Rammis Bank, a newly launched financial institution in Ethiopia specializing in Sharia-compliant products and services.
Global cyber security solutions provider ESET through its local subsidiary ESET E.A has rolled out an industry wide survey that seeks to establish the State of Cybersecurity in East Africa.
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.
The East African Competition Authority and the Competition Authority of Kenya sign bilateral agreement
The MoU lays out modalities through which the agencies will mitigate competition infringements with cross-border effects, as well as foster transparency and predictability with regard to multijurisdictional merger notifications in order to reduce transaction costs for businesses.
TDB to accelerate the financing of infrastructure, health and climate action projects in Africa through three new virtual deal rooms with Asoko Insight.
The East African Business Council (EABC) emphasizes the vital role of business associations in the successful implementation of the African Continental Free Trade Area (AfCFTA).
The East African Business Council (EABC) has called for a review and reduction in the cost of the Digital Tax Stamp (DTS) system, which has been implemented in the region to improve revenue collection on excisable goods.
The Microsoft Africa Development Centre (ADC) and the Young African Leaders Initiative Regional Leadership Centre East Africa (YALI) have signed an MoU to provide digital skills programs to young leaders in the region.
COMESA and the International Organisation for Migration (IOM) have signed a Memorandum of Understanding to build a cooperative working relationship in different areas of common interest which centers on managing migration and related activities in the Eastern and Southern African region.
Five Eastern and Southern African countries under negotiation to sign Economic Partnership Agreement (EPA)
Commission reports on eleventh negotiation round with five Eastern and Southern African countries to deepen existing Economic Partnership Agreement
TDB Group has signed a Memorandum of Understanding with Finnfund, a Finnish development financier and impact investor, to promote investments that contribute to the UN Sustainable Development Goals in key projects in TDB member states.
EAC to digitize the Common External Tariff to enhance private sector participation in international trade
The digitalization efforts are aimed at enhancing the participation and access to trade information of the private sector in international trade.
For East Africa, the digital economy holds enormous opportunity, with the potential to power growth across every sector of the economy.
East African tilapia producer Victory Farms has successfully completed a $35 million Series B round, which will fund the expansion of its operations in Kenya and Rwanda, as well as potential entry into Ethiopia, Uganda and Tanzania.
The African Development Bank (AfDB) and the Common Market for Eastern and Southern Africa (COMESA) have launched a new regional initiative to enhance the sustainability of the electricity sector in Eastern and Southern Africa through harmonized regulatory frameworks.
Finverity raises $5m equity funding as revenues grow 15x to meet the demand for its solutions, and finish opening its offices in Dubai, Poland and Kenya.
Oxfam Novib and Goodwell Investments have announced a new EUR 20 million fund aimed at supporting early-stage growth companies in East Africa.
TradeMark Africa and Kenya National Chamber of Commerce and Industry launch online platform for women traders in East Africa
Designed to support women in trade across East Africa access and use vital and simplified information, iSOKO will unlock opportunities for participation, formalisation of businesses and growth in trade value.
With an investment of approximately USD 2 million inequity capital in the Eastern and Southern African Trade and Development Bank (TDB), SICOM Group’ subsidiary SICOM Global Fund Limited, joins the family of TDB shareholders.
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
[East Africa Business Week] Bob Koigi: Improving business competitiveness in the region: The case of TradeMark Africa
As it rebrands to TradeMark Africa, TMA, in its bid to grow its continental footprint, aid for trade institution formerly known as TradeMark East, boasts of having made a lasting mark in East Africa where it has operated for over ten years.
As East Africa seeks to become a more deeply integrated and dynamic digital investment, innovation, and growth hub, it is exploring initiatives and partners to help it drive that agenda as it seeks to boost its competitiveness as an investment hub.
In the last week, a series of investments across East Africa have been unveiled by corporates, banks, multinationals and development partners as the region continues to position itself as an investment hub in the continent.
As startups successfully raise funding, they are boosting their product and service portfolio while setting sight on the East African region for expansion. This
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
Small businesses are the engine of the East African economic growth, employing millions and opening up the member states to interact with each other through seamless trade.
[Nigeria Business Week] Andrea Ayemoba: Local fintech spreads to East Africa, oil and gas find major milestone
Nigeria, like other countries of the world, is going through some economically turbulent times. Inflation is on the rise (recently pegged at 21.9%) and local startups are directly impacted by financial crises on the other side of the world.
[East Africa Business Week] Bob Koigi: Region warms up to the hospitality industry’s expansion binge
Global respected hotel brands are expanding their footprint and have identified Africa as a key investment destination with the East African region catching their attention for its MICE, business and leisure growth potential.
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
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.
[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.
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.
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.
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.
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.
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.
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.
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.
[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.
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
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.
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[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.
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.
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.
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
The establishment of an effective Common External Tariff in the East Africa region will lead to the exponential growth of the manufacturing sector.
[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.
Almasi Ndangili is the founder of Imarisha East Africa Productions Ltd, a Kenya-based talent academy promoting education through edutainment.
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.
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.
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.
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.
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.
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.
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.
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.