East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
Stanbic Bank Kenya is facing a Sh9.6 billion ($80 million) compensation claim after it froze and reversed funds in an account held by passenger and cargo carrier Air Afrik. The …
Base Resources, a Titanium miner in Kenya, saw its sales surge 44.7 pc to Ksh 10.8 billion in the fourth quarter ended June 30, 2022. The company says sales rose …
Oman has flagged the source of liquefied petroleum gas (LPG) shipped into Tanzania, raising fears that some of the cooking gas used in Kenya could be from sanctioned countries, including …
Airtel Kenya has spent Sh4.7 billion to acquire an additional 60 MHz spectrum in the 2600 MHz band as it seeks to expand its mobile network coverage in the country. …
The business climate in Germany worsened “significantly” in July, according to a key survey published Monday, as an energy crisis pushed Europe’s largest economy closer to a recession this year. …
The International Monetary Fund (IMF) wants tighter checks on bank transactions in Kenya amid growing concerns about money laundering by corruption networks. An appraisal report by an IMF team said Kenya should …
Somalia has renewed its bid to join the East African Community (EAC) trade bloc, after the country’s newly elected President Hassan Sheikh Mohamud arrived in Arusha to attend the ongoing 22nd …
The National Treasury will introduce new tax measures to replace the Sh21 billion it earns in annual minimum taxes if the government loses an appeal against a court ruling that …
Kenya is eager to commence the sale of black tea in China amid growing demand for the product in the vast Chinese market. This intention was made clear recently by …
The first miraa consignment is expected to leave Kenya for Somalia Sunday, 24th July 2022. In a twitter post, the Agriculture and Food Authority (AFA) announced that Agriculture Cabinet Secretary …
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