Browsing Tag
East Africa
280 posts
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…
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.
UN Agencies Make $266m Appeal to Feed 3Million Refugees in East Africa
Two UN agencies – the World Food Programme (WFP) and the UN High Commission for Refugees (UNHCR) –…
IFC Lends KSh1.1 Billion to East Africa’s Largest Glass-Bottle Manufacturer
The company which mainly supplies glass bottles to beverages companies has been adversely affected by the closure of bars and restaurants in some East African countries as well as the restrictions on public gatherings.
Somalia Threatens to Exit Regional Bloc Following Verdict on Dispute with Kenya
Somalia has threatened to withdraw from a regional bloc after the group ruled in favour of Kenya in…
FAO Needs $38M for Aircraft Used to Fight Locusts in East Africa
The UN’s Food and Agriculture Organisation (FAO) is seeking an additional $38 million support to continue work of…
Private Security Withdrawn From Bobi Wine’s Home 24hrs Before Presidential Elections
Barely a day to Uganda’s Presidential election, Robert Kyagulanyi (Bobi Wine) has revealed that the private security company…
Tigrayans Accuse Ethiopian Soldiers Of Rape
It has been more than a month since the supposed end of the Ethiopia-Tigray clash, but it doesn’t…
Tanzania’s External Sector Performance Improves
According to the Bank of Tanzania’s monthly economic review for December, the improvements “were mainly attributed on account of upper exports of products including a decline in imports bill."