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.
Browsing: East Africa
Two UN agencies – the World Food Programme (WFP) and the UN High Commission for Refugees (UNHCR) – has made an appeal for about $266 million…
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 has threatened to withdraw from a regional bloc after the group ruled in favour of Kenya in a diplomatic dispute between the two countries. The…
The UN’s Food and Agriculture Organisation (FAO) is seeking an additional $38 million support to continue work of combating the locust menace in Kenya, Somalia, Ethiopia…
Barely a day to Uganda’s Presidential election, Robert Kyagulanyi (Bobi Wine) has revealed that the private security company guarding his home has been withdrawn. Bobi Wine…
It has been more than a month since the supposed end of the Ethiopia-Tigray clash, but it doesn’t look the end is in sight yet. Tigrayans…
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.”
Sources say Spokesman for the Police Fred Enanga was not immediately available for comment.
Allianz SE chief economist Ludovic Subran forecasted economic growth in Kenya, Tanzania, Uganda and Rwanda to significantly rebound after a tough year due to the devastating effects of Covid-19.