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East Africa Business News
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Kenya’s Central Bank Raises Ksh 17.4 Billion at the Weekly T-Bills Auction
The Central Bank of Kenya(CBK) has accepted bids worth KSh 17.4 Billion at the Weekly Treasury Bills Auction,…
East African Regional Tourism Expo Scheduled for October
Tanzania will host the first-ever East African Community Regional Tourism Expo from October 9 to October 16 in…
Kenya Becomes 6th Largest Economy in Africa After Rebasing
Kenya has become Africa’s 6th largest economy. This feat came about after the East Africa nation changed the…
ATM Use Declines in Kenya as Mobile Banking Gains Pace
More people are opting to avoid using cash in their daily transactions in Kenya and this has reduced…
Standard Chartered Secures $1.1Bln Financing for Angola Water Project
Standard Chartered on Monday announced that it had secured $1.1 billion in financing for the Angolan government’s water…
ENI Begins Production in Angola’s Cuica Field Offshore
Italian energy major, ENI, has begun production from an oil field it discovered in Angola in March 2021.…
First Time in Decades, Tanzania’s Exports Exceed Imports from Kenya
Tanzania’s exports to Kenya have exceeded its imports for the first time in decades, signalling an improved trade…
Tanzania’s Dar Port Receives Largest Ship Ever
Tanzania Ports Authority (TPA) has revealed that Dar es Salaam port has received its biggest cargo vessel ever,…
Lufthansa Completes First Flight to Mombasa
German national airline, Lufthansa on Sunday connected its first flight to Kenyan tourism city, Mombasa as the East…
Kenya’s May Inflation Now at 5.87%
Kenya’s inflation recorded a slight increase in May. It increased from 5.76% in April to 5.87% in May…