The International Monetary Fund has approved $411 million in emergency funding to Ethiopia to ease the negative economic effects and fallout from the coronavirus outbreak. According to an emailed statement,…
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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…
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…
Kenya’s competition watchdog has fined Carrefour and ordered the French retail giant to review all its supply agreements within 60 days after the supermarket chain was…
By the first half of 2019/2020, covering more than six months of imports, Tanzania accumulated $5.5 billion worth of gold and dollar reserves The country’s benchmark…
Cargo volumes at the port of Mombasa are expected to reduce in the next few weeks as the outbreak of the coronavirus continues to afflict China’s…
Ethiopia’s council of ministers have approved a supplementary budget of $877.87 million for 2019/2020 to finance economic reforms, as announced by the country’s Prime Minister, Abiy…
Madagascar, the world’s biggest producer of vanilla, is seeking about $17 billion in aid and investment to help finance improvements in its power, mining and tourism…
Kenya’s biggest lender by assets, KCB Group, has forecast a 15% growth in its loan to clients this year owing to the removal of a cap…
Countries in the East Africa region are discussing the adoption of stringent traceability mechanisms for the gold industry to stamp out rampant smuggling across East and…