East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan partnerships with banks, plugging a gap in the local credit …
Tobacco manufacturer BAT Kenya Plc has posted a Sh2.9 billion net profit for the first half of the year, a 7.4 per cent growth compared to Sh2.7 billion posted in …
The United States is demanding that the Kenya Revenue Authority (KRA) spy on American firms and investors for money laundering and tax evasion as a condition for a trade deal …
The International Monetary Fund (IMF) has approved a 40-month $1.04 billion credit facility to Tanzania to catalyze growth and withstand spillover effects from the war in Ukraine. Following the approval …
Chinese technology firm, Huawei, has said it will support Kenya to boost its cyber security amid growing threats of digital attacks. Maureen Mwaniki, the Vice-Director of Programs Management at Huawei …
The Kenya Revenue Authority(KRA) has moved to court to set aside a High Court order directing the re-opening of Keroche Breweries Limited. The High Court on July 15 ordered KRA …
Investors’ wealth at the Nairobi Securities Exchange (NSE) plunged Sh95 billion as local traders raced to profit from stocks bought cheaply a month ago. The NSE’s market capitalization closed at …
The International Monetary Fund (IMF) has approved USD 235.6mn (Sh28 billion) loan which will be directed towards budgetary support, to improve governance and support broader economic reforms. This becomes the …
The commodity markets registered a mixed fortune in the latest auction with coffee prices rising for a second time in a row while tea fell marginally. According to the Nairobi …
Novek, an Internet-of-Things (IOT) company has been announced as one of eight global recipients of the inaugural round of grants from the Strive Community Innovation Fund. The UK-based company working …
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