News Archive

Nigeria: Banks seek new business away from treasury bills

Nigeria’s largest banks may be set to embark on a round of acquisitions as they seek to diversify their sources of income away ...

Africa: Continent’s diversified economies to rebound quicker

Sub-Saharan Africa will see a growth of 2.7 percent this year, a welcome rebound from the region’s first recession of 25 years ...

East Africa: Kenya joins Tanzania, Uganda in taxing digital transactions

Kenya has joined Tanzania and Uganda in taxing digital transactions on services offered through the digital marketplace including ...

Africa: CDC Group targets USD 1 billion in African investments

The CDC Group is planning about USD 1 billion in African investments this year in areas particularly focused on accelerating its ...

Tanzania: USD 1.32 billion China support secured for SGR

Tanzania has signed a USD 1.32 billion contract in Chinese support for the ongoing construction of the standard gauge railway as ...

East Africa: FDI records double digit growth with China as largest investor

EAC’s Trade and Investment Report, 2019, states that Foreign Direct Investments into East Africa surged to USD 11.5 billion in ...

Tanzania: Regional court halts Kenya duty on glass imports

The East Africa Court of Justice has halted the implementation of a 25 percent excise duty on imported glass bottles into Kenya ...

Kenya: Government and UK sign trade deal

Kenya and United Kingdom have signed a trade agreement allowing Kenyan exporters of flowers and other fresh vegetables to ...

Africa: Sustainable finance to drive continent’s economic recovery

Sustainable finance could help drive Africa’s recovery from COVID-19 while also incentivising much-needed investments in the ...

Nigeria: Lagos Free Zone to unlock investment opportunities

Lagos Free Zone, the first privately owned special economic zone in Nigeria, includes an industrial manufacturing and port-based ...

Kenya: KCB grosses USD 10 billion in assets after buyouts in Tanzania, Rwanda

KCB’s acquisition of two banks in Rwanda and Tanzania has pushed its total asset base to over USD 10 billion creating a ...

East Africa: Region sitting on untapped trade worth USD 60 billion

Kenya, Tanzania and Uganda are seeking to revive connected ports and maritime operations on the shared waters of Lake Victoria to ...

Africa: Internet economy to contribute USD 180 billion by 2025

Google and the International Finance Corporation estimate that Africa’s Internet economy has the potential to reach 5.2 percent ...

Ethiopia: Multinational telcom giants jostle for full-service licence

The Government is expected to request for full-service telecommunication licences proposals after the Ethiopia Communications ...

Kenya: Government, UK agree on terms of post-Brexit trade pact

Kenya has agreed to the terms of a post-Brexit trade deal with the United Kingdom paving way for the signing of a long-term ...

Nigeria: USD 10 billion targeted from blockchain technology by 2030

Nigeria is putting together an economic strategy aimed at realising up to USD 10 billion from blockchain technology by capturing ...