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.
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.
The Centre for Ecology & Hydrology links up with Kenyan institutions to boost research in East Africa
The Centre for Ecology & Hydrology (CEH) has entered into agreements with four research institutions in Kenya to help develop world-class scientific collaborations between the UK and Kenya.
Sky.Garden partners with Interswitch to launch Instant mobile money seller payment options for its vendors
eCommerce company Sky.Garden has made groundbreaking implementations to its payments module to ensure real-time payments to their sellers after signing a deal with digital payments firm Interswitch.
TradeMark East Africa and Central Corridor Transit Transport Facilitation Agency sign financing agreement
TradeMark East Africa, TMEA and the Central Corridor Transit Transport Facilitation Agency, CCTTFA, have signed a financing agreement geared towards strengthening and enhancing the Central Corridor Transport Observatory, CCTO.
Africa’s largest private education provider, JSE-listed ADvTECH, continues to grow its position as the leading provider of quality private education in Africa, with the announcement of further expansion into Kenya and Uganda.
With the rapid and sustained growth of the fintech sector in East Africa, particularly in Kenya, there has been a sharp rise in demand for skilled leaders to fill positions, and companies are looking globally - and to South Africa specifically - in their talent search.
With developing technology that has promoted reliable and stable internet connectivity among east African countries, students from the region can now take their courses in the comfort of their homes.
The Board of the African Development Bank Group has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF).
Corporate finance advisory firm I&M Burbidge Capital has advised DFCU Bank in the sale of its majority stake in Crane Bank Rwanda.
Consolidation is taking place in the East African insurance market due to rising capital requirements and mergers with international firms that want to gain a foothold in the region. Ashok Shah, Group CEO of APA Apollo examines the opportunities this brings.
That the spirit of fostering free trade and movement of people among East African member states has gained traction over the years is in no doubt.
The Eastern Africa Grain Council, has launched the nine product standards for staple foods and two standards for sampling and test methods.
The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports.
East African Development Bank inks $15 million credit deal with The Arab Bank for Economic Development in Africa
The East African Development Bank (EADB) has signed a credit line deal worth $15million with The Arab Bank for Economic Development in Africa, BADEA which will be used to help achieve EADB’s goals of developing East Africa.