The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …
Eastern Africa
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Safaricom Makes History with Over $3 Billion Revenue, Eyes Bigger Growth in Ethiopia
Safaricom, the Nairobi-based telecoms and digital services provider, has made history as the first company in East Africa to surpass $3 billion in annual revenue. The firm’s financial results for …
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Tanzania and Malawi End Trade War, Agree to Lift Restrictions and Implement Regional Trade Deal
Tanzania and Malawi have officially ended their trade dispute, agreeing to lift restrictions that had affected the movement of goods between both countries. After holding bilateral talks, the two nations …
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JA Africa, Boeing Launch STEM, Entrepreneurship Programmes in Nigeria, Togo
Junior Achievement Africa and global aerospace giant Boeing have announced plans to launch two major STEM and entrepreneurship initiatives in Nigeria and Togo aimed at equipping young people with the …
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Rwanda’s Economy to Grow Slower in 2025 as Government Budget Increases by 20%
Rwanda’s Finance Minister, Yusuf Murangwa, has told the nation’s parliament that the country’s economy will grow at a slower pace in 2025 compared to last year. Presenting a draft budget …
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African Markets Update: Key Events and Economic Signals
African markets are navigating a busy day of economic indicators, political developments, and global trends on Thursday, May 8, 2025. From court decisions in Côte d’Ivoire to monetary policy announcements …
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Kenya Rules Out New Taxes in 2025/2026 Budget After Deadly Protests
Kenya’s government has said it will not introduce new taxes or increase current ones in the 2025/2026 budget. This announcement comes after last year’s deadly protests forced President William Ruto’s …
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Youths with Disabilities in Rwanda Receive Training to Overcome Poverty
More than 20 young people living with disabilities across Rubavu, Burera, Musanze, and Rutsiro local government areas of Rwanda are receiving training to help them run cooperative businesses and move …
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Rwanda Records N3.6 Trillion Investment, Boosts Economy in 2024 – RDB Report
The Rwanda Development Board (RDB) has released its 2024 Annual Report, showing strong economic progress and major wins for the East African country. The report highlights key achievements across investments, …
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Visit Rwanda Renews PSG Partnership, Extends Deal to 2028
The Rwanda Development Board (RDB) has announced the renewal of its partnership with French football giant Paris Saint-Germain (PSG) through to 2028. The partnership, originally signed in 2019, has helped …