East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
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 …
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 …
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 …
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 …
The Electricity Sector Association of Kenya (ESAK) is banking on new measures to ensure the country achieves a 100 per cent renewable energy transition by 2030. This comes ahead of …
Kenya Breweries Limited (KBL) is seeking to enroll over 5,000 new farmers to grow sorghum for the production of its Senator Keg Lager. The brewer seeks to increase the number …
Uber and Bolt drivers have staged demonstrations after the Government failed to implement a commission cap of 18 per cent on fares. Digital drivers accuse the National Transport and Safety …
East Africa Portland Cement Company (EAPCC) says it has completed the settlement of KCB’s Sh6.8 billion loan via land transfers to the lender, cutting its finance costs by Sh735 million …
Mastercard and Cellulant have partnered to allow Cellulant customers across Africa to shop and pay online with global merchants wherever Mastercard is accepted. The Mastercard virtual payment solution, linked to …
Ethiopian Airlines has requested the government to raise its paid up capital to 300 billion birr, a three-fold increment from the current 100 billion birr. The group’s fast-growing asset and …
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