Eastern Africa

Sugar production between January and July increased by 15% when compared with a similar period last year, compelling the sector regulator to cut imports by nearly half last month. Data …

The Kenya Power and Lighting Company PLC (KPLC) has appointed retired Justice Aaron Ringera as its non-executive director. In a statement released on Wednesday, August 24, the company’s acting secretary …

One of Ethiopia’s wealthiest investors, Worku Ayetenew begins a process to build a cement plant with an investment capital of USD one billion. This will be the biggest investment he …

Swedish-Kenyan technology company Roam has launched an electric bus targeting public transport as the race for e-mobility hots up.   Dubbed Rome Rapid, the mass transit bus has a capacity …

Runaway inflation, new taxes and depreciation of the shilling have hit hard manufacturers of fast-moving consumer goods, who are now warning of reduced profitability which will lead to job losses. …

Kenya has spent Sh71.17 billion to subsidize diesel, super and kerosene in the six months to June, highlighting the burden of the fuel stabilization scheme on the national budget. Consumption …

Businessman and co-founder of the IT firm SevenSeas Technology Limited, Michael Macharia, has won a Sh1.6 billion award against the government following a cancelled contract to wire 98 State hospitals. …

Kenya Revenue Authority (KRA) has been given the nod to enforce the collection of winnings or betting tax using agency notices, as they are income and subject to taxation. In …

American digital bank UMBA recently acquired a majority stake in Daraja, a deposit-taking microfinance bank, in the latest purchase that has made the loss-making industry a target for acquisitions. The …

Investors are unwilling to lend the government billions of shillings in a push for higher interest rates, signalling a funding headache that awaits the incoming administration. The August Treasury bond …