East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
Uganda has commissioned a $200 million iron ore smelting plant, which will help the region reduce its reliance on scrap metal, billets, and coils for raw materials. Tembo Steels Uganda …
Nairobi has placed a restraining order on the multi-billion betting industry, backed by legislative proposals to ban gambling to five-star hotels and casinos, imposing a four-year jail term or a …
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. …
Sudanese and Ethiopian families who won a lottery allowing them to move to the US have sued the government over delays in processing their entry visas. The 12 families in …
Standard Chartered Bank Kenya has launched a money market fund that allows consumers to invest as little as Sh1,000. The investing option is available through the bank’s digital platform SC …
Kenya and Uganda have made a decision to construct a marshalling yard at the Malaba border, in order to decongest one of the region’s busiest transboundary crossings. Officials confirmed this, …
Audit and consulting firm Deloitte East Africa has appointed Anne Muraya as its new chief executive effective June 1. She becomes the first woman to hold the position when she …
The Horn of Africa is experiencing the driest conditions recorded since 1981, with severe drought leaving an estimated 13 million people across Ethiopia, Kenya, and Somalia facing severe hunger in …
Equity has updated its USSD service, which now offers a unified service across mobile networks as well as a better user experience. Safaricom, Airtel, Telkom, and Equitel customers in Kenya …
In a bid to reduce the cost and the impact of electricity outages in the main grid, Bamburi Cement plans to source a portion of its power supply from solar …
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