Bleak oil prospects and price decline may force companies to exit Africa
(3 minutes read)
· East African countries like Kenya and Uganda, which have
boasted of their oil wealth and estimated that the millions...
EABC’s tourism income to dry up; seeks support to help stakeholder
(4 minutes read)
· The East African Business Council (EABC) took upon itself
the task of development of tourism sector in the region...
Tanzania to have more telecommunication towers to ensure speedy communication
(2 minutes read)
· Joseph Kakuda, Sikonge Member of Parliament (MP-CCM),
Tanzania has alleged that telecommunication towers in eight wards of
the constituency are...
Tanzania to build strong rooms for keeping precious stones near airports
(3 minutes read)
· Tanzanian government will construct strong rooms at various
airports across the country for storing precious stones
· ...
WB Group sanctioned US$50 million to support Kenya’s response to COVID-19 pandemic
(3 minutes read)
· The World Bank recently announced that it is rolling out a
massive project of US$ 14 billion for developing...
Ethiopia denies entry of M-Pesa
3 mts read
Ethiopian Government has denied entry saying only local companies would be allowed to do offer such services.
Safaricom had been in...
Locust hit East Africa gets AFDB Grant
2 mts read
The African Development Bank (AfDB) has announced a $1.5 million emergency grant to fight locust’s invasion
Djibouti, Eritrea, Ethiopia, Kenya, Somalia,...
Massive debt relief for Somalia
(3 minutes read)
· The Paris Club of creditor countries are restructuring
Somalia’s external public debt by cancelling a large quantum of debt-
to...
Somalia mourns the death of Ex-Prime Minister
2 mts read
National mourning of three days by Somalia in memory of ex-Prime Minister Nur Adde.
The former Prime Minister was the first...
The World Bank approves Education loan to Tanzania
An education loan of $500 million to Tanzania has been approved by the World Bank
The education support will directly benefit about 6.5...
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