East Africa economic news
Finance: Building a Banking hub for Africa
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The financial services sector is forging new partnerships and adapting its product offerings to...
Uganda to seek $8 bn China loan to fund railway construction
Uganda is hoping to secure an $8 billion loan from China to build a railway network to revamp the country's transport infrastructure as...
Ford unveils new models for Africa as it eyes big untapped market
Ford Motor Co announced 17 new vehicles for Sub-Saharan Africa on Thursday, as carmakers jostle for position in one of the last major m...
Africa’s Beauty brands primped for profit
East Africa is one of the fastest-growing markets for beauty products and as tastes get more discerning local and international compani...
Tanzania: Mobile Phones Help Farmers Boost Yields
ANALYSIS: Subsistent farmers in rural Tanzania can now use mobile phones to access vital information that helps them increase their har...
Kenya: Barclays Lights Up Kenya in Sh26 Million Solar Initiative
Nairobi — Barclays Bank of Kenya (BBK) has invested Sh26 million in "Light up Kenya" an initiative aimed at moving more than 100,000 ru...
Egypt’s Qalaa backs East Africa’s railway line
The investment company formerly known as Citadel is putting more cash in Rift Valley Railways.
Qalaa Holdings, the Egyptian investment ...
Africa: AU Summit Approves Creation of African Monetary Fund
The AU Commissioner for Economic Affairs, Anthony Maruping, told journalists in Malabo on Monday that the Fund would work to correct ba...
Africa: BRICS Launches New Development Bank
Beijing — In July, nations known as the "BRICS," Brazil, Russia, India, China and South Africa, announced the creation of a new, $100 b...
Africa: Grand Vision for an African-Owned Drive on Food Security
Maputo — "Your granary will never be filled by your neighbour." This is a Mozambican saying that was used by Graca Michel, member of In...