East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
East African Breweries PLC (EABL) has reported Sh15.6billion in net profit for the full year ended 30 June 2022, a 124 per cent growth compared to Sh6.9billion posted in the …
The mega jackpots paid to punters in Kenya have been flagged as possible avenues for laundering proceeds of theft, drug dealings and terrorism as the State heightens focus on the …
Turkish manufacturing conglomerate which is putting up an investment project at the Naivasha Special Economic Zone commissioned by the President on Tuesday, is set to create about 2,900 jobs locally. …
The Central Bank of Kenya(CBK) has retained the base lending rate at 7.5 per cent even as global inflation remains elevated. CBK raised the rate from 7 per cent in …
The Independent Electoral and Boundaries Commission (IEBC) , Kenya received the first batch of presidential ballot papers on Wednesday ahead of August 9 election. The consignment was received by Vice …
KCB Bank has revised the annual interest rates for its savings accounts in a move that seeks to attract and retain its customers. With effect from July 1 2022, the …
The African Continental Free Trade Area (AfCFTA) Secretariat has secured $11.24 million grant from the African Development Bank to accelerate African intra-trade. The AfCFTA Secretariat, currently in phase II of …
Safaricom has partnered with education technologies firm Kodris Africa to promote the study of coding in the country by allowing the purchase of lessons on the M-PESA app. Customers can …
Foreign investor outflows at the Nairobi Securities Exchange surged more than six times to Sh10.8 billion in the quarter ended June 2022, as the foreigners sought safer investment destinations amid …
Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand. The …
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