The Rwanda Food and Drugs Authority (Rwanda FDA) has announced the immediate suspension of the importation, distribution, and use of all RELIEF tablets following the discovery of unauthorised variants circulating …
Category:
Eastern Africa
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Eastern AfricaEconomyEthiopiaGOVERNMENTPolicies
Ethiopia Projects 8.9% Growth for 2025/2026 as Budget Deficit Widens Slightly.
Ethiopia’s economy is expected to grow by 8.9% in the upcoming fiscal year, a slight increase from this year’s estimated 8.4%, according to projections presented by the country’s Finance Minister …
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BusinessCorruptionEastern AfricaEconomyFinance & ServicesKenya
Kenya Records Highest-Ever VAT Collection in May After KRA’s Anti-Fraud Clampdown
Kenya Revenue Authority (KRA) has announced that it collected a record KSh32.1 billion in Value Added Tax (VAT) for the month of May 2025, the highest ever in the country’s …
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BusinessEastern AfricaEnergyEnvironmentGOVERNMENTInfrastructureNigeriaWestern Africa
FG Commissions First LCNG Hub in North-East, Targets Cheaper and Cleaner Energy for Nigerians
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has officially commissioned Nigeria’s first Liquefied to Compressed Natural Gas (LCNG) hub in Yola, Adamawa State. The project, developed by …
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BusinessEastern AfricaEconomyFinance & ServicesINVESTMENTMarketsTANZANIA
Dar es Salaam Stock Exchange Introduces New Rules to Attract More Foreign Investors
The Dar es Salaam Stock Exchange (DSE) in Tanzania has started a set of new reforms to make the market more attractive to foreign investors, improve transparency, and bring the …
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AfricaEastern AfricaFinance & ServicesFintechKenyaKenya NewsMarkets
Kenya Clears Moniepoint’s Acquisition of Sumac Microfinance Bank
The Competition Authority of Kenya (CAK) has approved a planned acquisition by U.S.-based fintech company, Moniepoint Inc., which aims to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. …
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AfricaBusinessDevelopmentEastern AfricaEconomyEnergyInfrastructureINVESTMENTKenyaSouth AfricaTANZANIATransportation & LogisiticsUGANDAZAMBIA
TransCentury Returns to Profitability After Major Turnaround Strategy
TransCentury Plc, an infrastructure investment company based in Nairobi, Kenya, has returned to profit after facing financial challenges for several years. The company, which is listed on the Nairobi Securities …
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Banking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesGOVERNMENTKenyaKenyan News
World Bank Cuts Kenya’s 2025 Growth Forecast to 4.5% Over Debt, Lending Rates and Private Sector Struggles
The World Bank has revised its economic growth forecast for Kenya down to 4.5% for 2025, cutting half a percentage point from its earlier projection. The global lender cited rising …
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AgricultureDevelopmentEastern AfricaFinance & ServicesRwanda
Access to Finance Rwanda Staff Visit Rukumberi Genocide Memorial, Donate Cows to Survivors
Access to Finance Rwanda (AFR) has honoured victims of the 1994 Genocide against the Tutsi during a memorial event held at Rukumberi in Ngoma District, Eastern Rwanda. The organisation also …
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AfricaEastern AfricaEconomyPoliticsRwandaTechnologyTrade and Commerce
Kalinda, Iradukunda Urge African Youth to Embrace Regional Trade and Break Colonial Borders
Senate President François-Xavier Kalinda has called on African youth to take full advantage of the growing regional trade opportunities across the continent, urging them to break free from colonial-era thinking …