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.
Ethiopia currently heads the league for hotel development in East Africa, according to a regional focus from the influential annual hotel pipeline survey by Lagos-based W Hospitality Group.
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
Global alternative asset manager The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences, Abacus, a pharmaceutical company in East Africa.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
Experts from UN-Habitat, United Nations Economic Commission for Africa, African Union Commission, United Cities and Local Governments of Africa, members of academia, representatives from civil society and local governments met in Nairobi to chart out the process of elaborating a Model Law.
The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) are delighted to announce the signing of a cooperation agreement in London.
East Africa Metals Inc. has received Draft Model Agreements from Ethiopia’s Ministry of Mines, Petroleum and Natural Gas for the company’s Mato Bula and Da Tambuk Projects.
The East African Community (EAC) and the Food and Agriculture Organization of the United Nations (FAO) have reaffirmed their commitment in creating more job opportunities for East African youth in the agriculture sector.
Kenya’s second National Construction Week at Kenyatta International Convention Centre from 7-9 November 2018, is set to enhance contribution of the construction industry towards the Big Four Agenda.
USTDA’s Director of Congressional and Public Affairs, Thomas R. Hardy, joined President Uhuru Kenyatta of the Republic of Kenya at a round table discussion with U.S. businesses.
The East African Legislative Assembly (EALA) and the East African Business Council (EABC) have agreed to deepen co-operation in a bid to strengthen the integration process.
Google Search has now made it possible for Swahili users to get more intelligent and contextualized results of things that Google already knows about.
Multinational German-based transportation company Hapag-Lloyd has continued to focus on the growing market in East Africa.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
Calvert Impact Capital, the mission-driven investor dedicated to creating a more equitable and sustainable world has announced the closing of a $5 million loan to One Acre Fund.
Mobile phones have become pivotal platforms for digital and financial inclusion, in particular for millions of people in underserved communities, complementing efforts of governments and private sector partners.
Oil and gas executives and business leaders drawn from the oil and gas value chain will be gathering in Dar es Salaam, Tanzania, on Friday, 17th August 2018, for the launch of the Upstream Oil & Gas Awards.
Kenya Association of Manufacturers (KAM) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) have launched a project seeking to promote manufacturing SMEs in East Africa by scaling up their business operations.
African countries have showed strong improvements in Infrastructure and Economic Stability over the last decade.
An African Development Bank mission led by Dr. Marcellin Ndong Ntah, Lead Economisthave visited the EAC headquarters in Arusha, Tanzania.
The East African Business Council appoints Mr. Nicholas Nesbitt from Nairobi, Kenya as the new EABC Chairman for the period 2018/2019 during the 19th Annual General Meeting (AGM).
Azuri Technologies Ltd, a commercial provider of pay-as-you-go solar home solutions to off-grid consumers, has appointed Collins Oneko who joins as Operations Director, East Africa.
DP World is considering setting up a logistics facility in landlocked Ethiopia to handle goods from a port it is developing in the semi-autonomous region of Somaliland, according to United Arab Emirates state news agency, WAM.
ICS Financial Systems has announced that Guaranty Trust Bank Tanzania, subsidiary of Guaranty Trust Bank, has successfully gone live on ICS BANKS Universal Banking Solution.
Cytonn Investments, an alternative investment management firm in the East African Region, has secured an additional Sh2.1 billion in funding from their institutional partners, Taaleri of Finland.
Amani Institute is launching the Amani Leadership and Management for Impact program (ALMI) in Uganda.
In East Africa a group of vanguard youthful innovators are transforming the region into a tech powerhouse through modern innovations.
At a time when the rest of Africa continues experiencing suppressed growth occasioned by drought, political upheavals and low private sector activity, East Africa has been in the headline this week.
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
Several African countries have reported a rise in their GDP despite fears over increased debt according to ICAEW’s, the Institute of Chartered Accountants in England and Wales, latest report.
The recent announcement of the Ethiopian government to sell share of the state monopoly Ethio Telecom includes liberalization of the sector, says Prime Minister of Ethiopia.
Ethiopian Airlines has finalized preparations to launch new flight services to Barcelona, Spain as of July 01, 2018, deploying the ultra-modern B787– 800 Dreamliner.
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
Kenya ICT Cabinet Secretary Mr. Joe Mucheru has called for tough measures on enforcement of SIM card registration within the East African Community.
Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time.
The Ethiopian Immigration and Nationality Affairs Main Department in collaboration with Ethiopian Airlines has launched an e-visa service for all international visitors to Ethiopia effective June 01, 2018.
The clinic aims to support participating countries foster cybersecurity at the national and regional levels by identifying challenges and opportunities to move forward their cybersecurity agenda and develop a regional approach to solve cybersecurity challenges
Philips and the governments of Ethiopia and the Netherlands sign seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center
Royal Philips and the governments of Ethiopia and the Netherlands today signed a seven-year agreement to build Ethiopia’s first specialized Cardiac Care Center to address the critical shortage of cardiology services in Ethiopia.
The CEO of Equity Group Holdings Plc in Kenya, James Mwangi, won Banker of the Year.
Ethiopian Airlines announces that it will launch thrice weekly flights to Jakarta, Indonesia as of July 17, 2018. Member of the G-20, Indonesia, is the world’s 4th most populous nation and 10th largest economy in the world.
East African economies have grown so rapidly in recent years that large brand-owners are not only making substantial investments in their brands, but are willing to go to court to protect them.
Kenyan telecommunication company Safaricom CEO Bob Collymore has been named the Corporate Executive of the Year at the inaugural East Africa Com Awards.
Frontier technologies are converging through the increasing use of digital platforms to produce new combinatory technologies, accelerating the pace of change across multiple sectors.
At a time when tired soils and drought as a result of weather changes have left agricultural land barren, a new low cost farming method is restoring hope among over 200,000 farmers in Eastern and Southern Africa by increasing yields and restoring soil health.
Behind the Sustainable Intensification of Maize Legume Systems for Food Security in Eastern and Southern Africa, SIMLESA, project is the story of thousands of farmers who have transformed their lands and increased earnings.
East African nations can harness their trade policies to help empower women economically in the region, thanks to improvements in education, employment and other key areas.
Electricity access rate in Kenya is the highest in East Africa according to the latest report from the World Bank tracking global achievements in sustainable energy for all.
The African Development Bank has signed two grant agreements to finance agri-business development projects through the Agriculture Fast Track Fund.
Toshiba and RentCo sign agreement to expand geothermal power generation business in Sub Saharan Africa
Toshiba Energy Systems & Solutions Corporation has concluded a General Cooperation Agreement with RentCo East Africa Limited, a major financial leasing company in Kenya and the wider Sub Saharan Africa.
Cash transacted via mobile phones hit Sh3.7 trillion in the 12 months through March. This was helped by rising uptake of mobile loans, amidst concern that a lot of the advances go into the fast-growing gambling industry.
Ethiopian Airlines and Bombardier Commercial Aircraft concluded a firm order for 10 new Q400 aircraft on Friday, April 27, 2018. The order also includes purchase rights for 5 additional Q400 aircraft.
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.
OFID, the OPEC Fund for International Development, has signed a membership and subscription agreement with the Eastern and Southern African Trade and Development Bank.