East Africa business news from Kenya, Ethiopia, Tanzania, Uganda, Rwanda and the wider EAC region.
Kenya Airways (KQ) net loss has nearly tripled to Ksh36.2 billion (about $330 million), the worst ever in the history of the airline, on account of Covid-19 disruptions that led …
Office space rent in Nairobi declined 13 percent last year, making Kenya’s capital the cheapest among top African cities, a new survey has shown. The Knight Frank report shows that …
Kenya drifts into a recession for the very first time in the last 20 years in the third quarter of 2020 as measures introduced by the authorities of the East …
Uganda had experienced a nationwide internet blackout as citizens went to exercise the voting right in the ongoing presidential elections, according to NetBlocks, which tracks Net disruptions globally. “It’s currently …
The East African Business Council (EABC) wants all Covid-19 related charges between the regional countries lowered and harmonised to ease the cost of doing business and boost intra-EAC trade. This, …
Ken Njoroge, the co-founder of cellulant will not be the firm’s Chief Executive Officer by the end of this year In a statement, Njoroge said 2021 will be his last …
Facebook announced on Monday that it has shut down accounts of top Uganda officials who have been accused of seeking to manipulate public debate ahead of the presidential and legislative …
Taxpayers will now get full or partial relief of penalties and interest on undisclosed taxes for the last five years. According to the Kenya Revenue Authority, this will be effected …
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency …
Banks with higher risks exposures will start paying increased premiums to the Kenya Deposit Insurance Corporation (KDIC) starting July 1 following the expiry of the one-year suspension due to the …
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