Eastern Africa

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 …

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 …