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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Eastern Africa
- 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 …
- 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 …
- Eastern AfricaEconomyEnergyEthiopiaGOVERNMENTPoliciesTransportation & Logisitics
Ethiopian Government Raises Fuel Prices Amid Scarcity and Black Market Surge
The Ethiopian government has once again increased fuel prices, raising concerns among citizens already grappling with widespread shortages and the rising cost of living. The new prices took effect on …
- Business and EconomyEastern AfricaEconomyTrade and CommerceUGANDA
Uganda’s Merchandise Imports Surge by 45% Amidst Economic Growth
Uganda has reported a substantial increase in its merchandise imports, reflecting a 45% growth over the past year. This surge is indicative of the country’s expanding economic activities and increasing …
- AfricaBanking, Finance & InvestmentBusinessBusiness and EconomyEastern AfricaEthiopiaFinance & Services
Ethiopia Licenses First Investment Banks, Expands Capital Market Services
In a landmark development for Ethiopia’s financial sector, the Ethiopian Capital Market Authority (ECMA) has granted licenses to five new capital market service providers, including the country’s inaugural investment banks. …
- BusinessBusiness and EconomyEastern AfricaEconomyFinance & ServicesGOVERNMENTSecurityUGANDA
Ugandan Government Raises Over Sh2 Trillion from Securities in February
In a significant financial development, the Ugandan government amassed a total of Sh2.27 trillion in February 2025 through the issuance of its securities, as detailed in the latest economic performance …
- AfricaEastern AfricaEconomyKenyaKenya NewsPolitics
Kenyan Governors Issue 14-Day Ultimatum to Treasury Over Sh116 Billion Funding Dispute
The Council of Governors (CoG) in Kenya has issued a stern 14-day ultimatum to the National Treasury, demanding the immediate disbursement of Sh78.03 billion in delayed County Equitable Share funds …
- AgricultureBusiness and EconomyEastern AfricaEconomyManufacturing & Consumer GoodsTrade and Commerce
Sudanese Tea Exporters Fear Iran Market May Slip Away Amid Regional Tensions
Khartoum, Sudan – Just months after making headway into the Iranian market, Sudanese tea exporters are now grappling with fears of losing this promising trade route due to mounting regional …
- AfricaBanking, Finance & InvestmentEastern AfricaEconomyFinance & ServicesFintechTANZANIATechnology
Tanzania’s E-Payment Boom Sparks Shift Toward a Cashless Economy
Tanzania’s payment landscape is rapidly evolving, with a significant surge in electronic transactions inspiring a national shift towards a cashless economy, according to recent reports from financial authorities and tech …