East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
Tea prices at the Mombasa auction below the set minimum price as demand remains subdued at the weekly trading with the onset of summer in key export markets. The price …
KenGen, Kenya’s energy company has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility near the capital, Nairobi. The energy company reached out …
A Nigerian startup, HumanSquad automating immigration requests and processes, has raised an undisclosed amount in pre-seed funding. Tunde Omotoye, Co-founder and CEO of the company disclosed the news and says …
Beginning june 3, Swvl an Egyptian ride-hailing service says it will suspend the daily intra city rides in Kenya citing the global economic downturn. The firm which has operated since …
Kenya’s inflation rose to a new two-year record of 7.1 per cent in May as the cost of food and beverages continues to rise sharply partly affected by the war …
Central bank of Kenya unexpectedly raised its key interest rate for the first time in almost seven years to anchor inflation expectations as concerns about commodity prices build. The monetary …
Ethiopia and the World Bank have signed a pact for a grant of $300 million to assist reconstruction and recovery in conflict-hit areas, the finance ministry said. Fighting that erupted …
Pump prices have shot to historic highs, with a litre of super petrol and diesel jumping by Ksh5.50, signaling a further increase in the cost of basic goods and services. …
On Thursday, Arc Minerals said that Anglo American will take majority control of its Zambia copper cobalt exploration licenses. It marks the first new investment by Anglo in Zambia in …
A former Facebook moderator has filed a lawsuit against its owner, Meta Platforms, alleging poor working conditions for contracted content moderators violating the Kenyan constitution. The petition, also filed against Meta’s local …
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