East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
Kenya loses up to Sh33 billion to insurance fraud in the medical segment alone, the Rural Private Hospitals Association has said, pointing out to weak systems and collusion. This is …
Kenya wired Sh29.86 billion to China in the quarter to September 2021 to ease a standoff over debt repayments that delayed disbursements to projects funded by Chinese loans. Treasury documents …
Kenya investors have turned to Zanzibar as a new investment destination following the opening up of the island’s economy to foreign investors. According to German Real Estate Firm, CPS, Kenyan …
China has signalled a reduction in loans to Kenya and other African countries in coming years after it cut financial commitment to projects in the continent as much as a …
Kenyans living abroad are spending an average of Sh2.4 billion per month in costs when sending money home to their relatives, with those using banks to remit cash, paying more …
Loss-making Kenya Power plans to connect millions of its customers in rural homes with high-speed Internet as part of a fresh plan to capitalise on burgeoning mobile data usage in …
Standard Bank scoops award for Excellence in Private Banking at the 22nd International Investment Awards Standard Bank International Personal Banking (IPB) has received the prestigious award for Excellence in Private …
IBM and David Clark Cause have announced Mavuno Link as the Middle East and Africa Regional Winner of the 2021 Call for Code Global Challenge. This year’s regional winning solution …
Multinational companies operating in Kenya will be compelled to disclose their financial records starting January next year in proposed changes by National Treasury aimed at eliminating tax avoidance. Treasury Cabinet …
French construction material maker Saint-Gobain has acquired a gypsum plant in Nairobi as it eyes a piece of the construction sector. The Paris-based firm, which produces construction materials such as …
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