East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
The coffee auction at the Nairobi Coffee Exchange (NCE) recorded a 5% increase in prices, the second time in a row since the auction reopened last week after a one-month …
The International Monetary Fund (IMF) has set a fresh loan condition requiring Kenya to drop the fuel subsidy programme by October, exposing motorists to a sharp rise in pump prices. …
Airtel Money will now be operated as a separate entity from Airtel Networks Kenya Limited, the telecommunication firm has said. Following the business separation, Airtel Money Kenya Limited will take …
Ghana lawmakers approved a plan by the government to borrow up to $750 million from the African Export-Import Bank for the 2022 budget. The vote by the nation’s hung parliament removes …
Kenya has frozen plans by a Tanzanian billionaire to set up a gas plant and storage facilities at the Mombasa port, threatening a trade spat between the two neighbouring countries. …
Meta has announced new strategies for Kenya to curb the spread of misinformation on its platforms ahead of the general election slated for August 9. The tech giant says advertisers …
Global demand for electricity is slowing sharply this year due to sluggish economic growth and runaway energy prices and the trend will likely continue next year, the International Energy Agency …
Catalyst Fund has raised $3.5 million from FSD Africa, seeking to accelerate and scale Pre-Seed Impact Ventures in Africa. With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on …
The United Nations has asked Kenya and other developing countries to regulate and tax the cryptocurrency industry to limit exposure to the meltdown in the crypto market and risks of …
Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure fund has announced completion of a $40 million equity investment from Norfund, the Norwegian Investment Fund for developing countries, and KLP, Norway’s …
Chat us up