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East Africa Business News
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Kenya’s EPRA Retains Pump Prices After Public Uproar
The Kenyan National Treasury weighed in to prevail over the earlier attempts by the Energy and Petroleum Regulatory…
East African Banks Ease Loan Payment to Aid Affected Customers
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.
East Africa Goes Borrowing to Cushion Covid-19 Impact
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.
Kenya -U.S. Trade Talks Under Review as Biden “Builds Back Better”
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.
IMF Approves $2.34 Billion Kenya Covid-19 Grant
The wait appears to be over for Kenya as the Executive Board of the International Monetary Fund –…
Kenya’s Inflation Rises Steadily on a Ten-Month High
Kenya’s annual inflation has risen to 5.9% in March. This is the highest rate in 10 months, from…
IMF Grants South Sudan $174.2 Million COVID-19 Facility
The International Monetary Fund (IMF) has approved a disbursement of $174.2 million to South Sudan under the Rapid…
Kenya Seeks Debt Service Suspension Extension
Kenya is seeking an extension of the Debt Service Suspension Initiative (DSSI) to June 2022. This will give…
Kenya Power Increases Electricity Tariff
Kenyan electricity consumers will pay KSh 1.20 more per unit or an extra KSh 1 billion to Kenya…
Kenya Lifts Tanzania, Uganda Maize Import Ban
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.