A serious land dispute is currently shaking Kenya’s tea industry, as tension rises between local communities and foreign-owned tea estates in Nandi County. At the heart of the crisis is …
AgricultureEastern AfricaPress Office
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Eastern Africa
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Eastern AfricaEconomyTrade and Commerce
Tanzania Narrows Current Account Deficit as Export Earnings Surge
DAR ES SALAAM — Tanzania’s current account deficit has dropped significantly to $2.16 billion in the year ending February 2025, down from $2.91 billion in the same period last year, …
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Banking, Finance & InvestmentEastern AfricaInternational RelationsNigeriaTrade and Commerce
Access Bank Set to Take Over Kenya’s National Bank After Central Bank Approval
The Central Bank of Kenya (CBK) has approved Access Bank Plc, one of Nigeria’s biggest financial institutions, to take full control of the National Bank of Kenya (NBK). This move …
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AFRICA NEWSBusiness and EconomyDevelopmentEastern AfricaEthiopiaFinance & ServicesTrade and Commerce
Ethiopian Economists Urge Transparent Forex Market to Control Rising Inflation
Economists under the Ethiopian Economics Association have advised the government to increase transparency in the foreign exchange market to help reduce the steady fall of the Ethiopian Birr. They warned …
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AFRICA NEWSBusinessBusiness and EconomyEastern AfricaEconomyEthiopiaGOVERNMENTINVESTMENT
Ethiopian Government Issues 40 Permits to Foreign Firms in Retail and Trade Sectors
The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …
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Banking, Finance & InvestmentEastern AfricaEconomyEthiopiaGOVERNMENT
Audit Report Exposes Forex Losses and Debt Pressure at Ethiopia’s Central Bank
A new audit of the National Bank of Ethiopia (NBE) has revealed serious financial troubles, including massive losses in foreign exchange dealings and gold trading, as well as rising government …
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Eastern AfricaEconomyEnergyEnvironmentINVESTMENTKenyaTechnology
Kenya’s Green Energy Boom: EVs, Hydrogen and Autogas Drive Investment Surge
Kenya is fast becoming one of Africa’s most attractive destinations for clean energy investment, with new figures from the Energy and Petroleum Regulatory Authority (EPRA) showing rapid growth in electric …
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BusinessEastern AfricaEducationKenyaTechnology
Africa’s Outsourcing Sector Faces AI Disruption as 40% of Jobs Risk Automation by 2030
A new study has raised alarm over the future of Africa’s Business Process Outsourcing (BPO) industry as artificial intelligence (AI) continues to spread across global markets. The report by Caribou …
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Business and EconomyEastern AfricaKenyaPoliciesTrade and Commerce
Kenya Becomes Africa’s Largest Importer of Second-Hand Clothes
Kenya has been named the largest importer of second-hand clothes in Africa, a title that highlights the country’s ongoing struggle to revive its textile industry while serving as a dumping …
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COVID-19Eastern AfricaFinance & ServicesGOVERNMENTKenya
Kenya Pays KSh 89 Million Yearly for Unused COVID-19 Loan
The Kenyan government is paying KSh 89 million every year in commitment fees for a COVID-19 loan that remains unused. This loan, obtained from international lenders to help the country …