Eastern Africa

Foreign debt servicing is set to consume nearly 30% of Ethiopia’s proposed federal budget for the 2025/26 fiscal year, Finance Minister Ahmed Shide told lawmakers on Tuesday, as the country …

Kenya Commercial Bank (KCB) Group Limited is poised to become the first foreign banking institution to enter the Ethiopian financial services sector, following the country’s recent banking liberalisation reforms. Sources …

Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), accusing the regional bloc of failing in its duties and allowing itself to be manipulated by the …

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 …

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 …

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 …

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 …

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 …

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. …

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 …