The Minister of Finance and Economic Planning, Uzziel Ndagijimana, has commended the harmonisation of interventions of the United Nations agencies with the development goals of the Rwandan government. Since 2018, …
Category:
Eastern Africa
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AfricaAFRICA NEWSRwandaRwanda Daily
Rwanda to Double Budget on Biodiversity Restoration
by Editorby EditorRwanda has committed to increasing the resources and funds spent on biodiversity preservation and restoration from current 0.5-0.9 per cent to two per cent of the national GDP in line …
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AfricaAFRICA NEWSAgricultureEastern AfricaSpotlight
Why Uganda’s cup of tea is half empty
by Editorby EditorExperts say tea is not earning the country enough foreign exchange due to absence of an enabling policy. Stakeholders from the tea sub-sector have this week reviewed the first draft …
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Banking, Finance & InvestmentBusinessEastern AfricaEconomy
Kenya’s Central Bank Says it’s Forex Reserves remain Adequate Despite Breaching Minimum Target
The Central Bank of Kenya(CBK) has said that its forex reserves remain adequate to smooth out any volatilities despite breaching the aggregate amount of not less than the value of …
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BusinessEastern AfricaEconomyFood ProductionMarkets
Bolt Food Reported Chicken as the Tops Online Food Orders In Nairobi
Chicken is the most ordered online food in Nairobi, according to Bolt Food Kenya. Bolt Food Kenya Country Manager Edgar Kitur said chickens are followed by pizza, burgers and alcohol. …
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AgricultureBusinessEastern AfricaINVESTMENTManufacturing
Government partner with FFI to Establish a Green Fertilizer Plant in the country
The government has entered a partnership with Fortescue Future Industries (FFI) to establish a green fertilizer plant in the country in a bid to reduce reliance on imports. Under the …
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AgricultureBusinessEastern AfricaEconomySouth Africa
Tanzania Exports it’s First Consignment of Processed Cashew Nuts to the US
Tanzania has exported its first consignment of processed cashew nuts to the United States, as the country seeks to move away from exporting raw nuts to value-added ones. The eight-tonne …
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Banking, Finance & InvestmentBusinessEconomyEthiopiaFinance & Services
Foreign banks granted same entry capital as local banks
Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as local banks, officials at the National Bank …
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BusinessEconomyEthiopiaINVESTMENT
Ethiopia’s new investment hub anticipates expo to attract $400 million in FDI
Officials at Debre Birhan are eyeing almost USD 400 million in foreign direct investment (FDI) as they edge closer to organize the first regional international expo in the city, which …
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BusinessEastern AfricaINVESTMENTReal Estate
VAAL Real Estate Unveils it’s 5th Housing Project In Nairobi
Pan-African real estate firm VAAL Real Estate has unveiled its 5th development project targeting home-owners as well as businesses in Nairobi. The Symphony Residence will be located at Lavington, consisting of …