Kenya and Uganda to focus on joint investments and move away from NTBs
3 minutes read
The Ugandan Ministry of Finance Permanent Secretary and Secretary to the Treasury, Mr Ramathan Ggoobi has disclosed that he and his...
Vivo Energy to acquire 50 percent stake in KFC East Africa
Vivo Energy, the pan-African seller of Shell and Engen-branded fuels and lubricants has signed a deal with the owners of the fast...
Tesla to buy batteries manufactured by Magnis Energy Technologies of Tanzania
(3 minutes read)
Magnis Energy Technologies Limited, which is listed on the Australian Securities Exchange, has fully acquired Uranex and MTT for an undisclosed amount....
Social networks operations restored in Ethiopia
(3 minutes read)
Social networks and messaging services, including Facebook, Telegram, TikTok and Youtube, were once again freely accessible in Ethiopia after more than five...
Ethiopia to build road to connect South Sudan
(3 minutes read)
· Ethiopian Prime Minister Abiy Ahmed inaugurated yesterday (Sunday) a new 60.2km Shambu-Bako asphalt road built at the cost...
Tanzania might cross projected GDP for 2023 says BOT
(3 Minutes Read)
The Bank of Tanzania (BOT) Monetary Policy Committee (MPC) reviewed the conduct of monetary policy and the performance of the economy. Based...
Isuzu East Africa signs partnership deal with NIC Bank
A partnership deal between Isuzu East Africa and NIC Bank will enable Small and Medium Enterprises to access 95 percent financing on purchase of new...
Fitch downgrades Ethiopia to CCC
(4 minutes read)
· Ethiopia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) has been downgraded to ‘CCC’ from ‘B’ by Fitch Ratings.
· ...
Tanzania’s gold export earnings soar with rising gold prices
· Tanzania, a country with rich gold deposits is reaping record foreign exchange earnings from the mineral
· The country's foreign exchange earnings rose by...
World Bank opens office in Seychelles
(3 minutes read)
The World Bank will open an office in Seychelles by the end of 2023, stated the bank's country director after meeting with...
