The International Monetary Fund has raised Kenya’s risk of debt distress to high from moderate due to the impact of the coronavirus crisis, reporting that the…
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Zambia has made a decision to shut its border with Tanzania after the country witnessed its highest spike of Covid-19 infections on Saturday. As it widened…
The Tanzanian government has announced a partial relaxation on international flight restrictions. The relaxation will affect repatriation flights, humanitarian aid operations, medical and relief flights, technical…
Egypt has filed a complaint to the UN Security Council in protest to Ethiopia’s plan to fill the controversial hydro-power dam project known as the Grand…
Four African countries have been added to a new list of countries that pose financial risks to the European Union by the European Commission due to…
The International Monetary Fund has approved $739 million in emergency financing to cushion Kenya from economic shocks owing to the novel Coronavirus pandemic. The IMF adds…
Uganda will receive an emergency loan worth $491.5 million from the International Monetary Fund. The country needs the funds to help cushion its economy from the…
Zimbabwean Billionaire and founder of Econet Global Ltd, Strive Masiyiwa has disclosed his position on acquiring a telecommunications license in Ethiopia, which is opening up the…
Kenya’s Absa Bank , a part of South Africa’s Absa Group, has signed almost 5 million customers on its virtual banking platform, which it sees as…
Importers in East Africa will from July, operate under a common Customs bond, to guarantee uniform import duties and taxes across all partner states. Currently, the…