East Africa Business News
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Top East African banks increased provisions for bad debts by over $736 million in 2020 to reduce exposure on household and business loans in the countries ravaged by the Covid-19 pandemic, affecting impacting profitability and returns to shareholders.
April 8, 2021
The East African countries look to borrow more than $750 million in syndicated loans to cushion the economic impact of the Coronavirus pandemic as Kenya, Uganda, South Sudan, and Tanzania have all been seeking either syndicated loans or special drawing rights from the International Monetary Fund (IMF), as they seek to revive economies experiencing the pandemic-induced shocks.
April 6, 2021
This means that the start of the trade talks could be delayed and the objectives of the bilateral pact revisited to recognize President Biden’s agenda with some of the aims of the negotiations set by the Trump administration likely to be changed.
April 5, 2021
Kenya’s annual inflation has risen to 5.9% in March. This is the highest rate in 10 months, from…
April 2, 2021
The International Monetary Fund (IMF) has approved a disbursement of $174.2 million to South Sudan under the Rapid…
April 1, 2021
Ministry of Agriculture said yesterday that all stakeholders dealing in maize imports would be required to register, accompany incoming consignments with a certificate of conformity on aflatoxin levels and that traders must list out details of their warehouses.
March 11, 2021