A quiet revolution in cooling infrastructure is underway in the heart of Africa - and the world should be paying attention.
By Michele Moscaritoli As foreign direct investment falters and aid budgets shrink, one capital flow has remained remarkably steady. Operators who understand why are building businesses...
By Gregory September Ethiopia is not merely pursuing the 2028 Africa Cup of Nations (AFCON) – it is wagering its political resurgence on it. This ambitious...
By Lailla Mutajogera The secret to profitable manufacturing in Africa isn’t capital, risk assessment, or even sector selection – it’s understanding who needs your factory to...
By Des H Rikhotso Ugandan students have engineered portable solar-powered tents that collapse into backpacks, offering homeless populations and displaced communities a dignified solution to one...
By Gregory Simpkins Africa is home to 11 of the world’s 20 fastest-growing economies in 2024, with countries like Niger, Senegal and Libya leading the charge....
By Dishant Shah In the 1970s, Lagos was a modest coastal city of just 1.5 million people. Today, it’s a sprawling metropolis of over 20 million...
By Apollo Buregyeya When the Grand Ethiopian Renaissance Dam (GERD) began generating electricity in 2023, it marked more than an engineering triumph – it signaled a...
By Des H Rikhotso East Africa is solidifying its position as one of the most dynamic and resilient economic regions on the African continent, outpacing peers...
By Godfred Zina As Russia expands its footprint in East Africa, Ethiopia and the Russian Federation are forging a closer strategic relationship that spans defense, economics,...
By Fidel Amakye Owusu More than a year after this piece was first written, the presence of the Gulf states in Africa has become increasingly pronounced....
By Fidel Amakye Owusu Years ago, the discovery of vast natural gas reserves off the coast of Mozambique ignited hopes for a brighter economic future. For...
By Gregory Simpkins The United States and Israel have floated the idea of moving Palestinians from Gaza to East Africa so that peace will allow for...
By Fidel Amakye Owusu Strategically located at the crossroads of these regions, Uganda plays an indispensable role in maintaining regional stability. Despite being landlocked, Uganda connects...
By Fidel Amakye Owusu When the late leader of Iran decided to tour Africa in mid-2023, he chose to visit states in East and Southern Africa....
Late last week, Uganda launched a significant US$3 billion Standard Gauge Railway (SGR) project that will connect the country to the Kenyan border, with the potential...
Bloomberg | Foreign investment in Tanzania is expected to grow by a third next year as President Samia Suluhu Hassan’s pro-business stance helps reverse the impact...
Reuters | Uganda has formed a state-owned mining company to manage the government’s equity interests in mining operations, its minister for energy and mineral development, Ruth...
Tanzania’s ascent to the top of Africa’s 2024 Global Cybersecurity Index (GCI) is the result of strategic advancements in both cybersecurity infrastructure and regulatory frameworks. The...
By Godfred Zina In January 2024, Ethiopia and Somaliland signed a memorandum of understanding that allowed Ethiopia access to the Red Sea via the port of...
Bloomberg | Ethiopia has earmarked several billion dollars to cushion the cost-of-living impact of economic reforms being implemented to win support from the International Monetary Fund...
AFP | A new electrified commuter railway in Tanzania meant to modernize travel in the traffic-plagued country made its inaugural journey between the commercial hub Dar...
Bloomberg | Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming the latest African nation to turn to...
By Fidel Amakye Owusu In 2022, the Democratic Republic of Congo (DR Congo), the second-largest and fourth-most populous country in Africa, joined the East African Community...
By Mary Alorh The East African region holds strategic importance on the continent, boasting some of the world’s premier holiday destinations and attractions. The East African...
By NJ Ayuk When the US$3.5 billion East African Crude Oil Pipeline (EACOP) is completed, it will mark a significant milestone. The 24-inch, 1,443-kilometer (896-mile) pipeline...
Tanzania’s President Samia Suluhu Hassan recently marked a significant milestone by inaugurating a truck and tipper assembly plant in Dar es Salaam. This development is poised...
Uganda, recognized for its investment prowess, clinched the prestigious title of ‘Best Investment Destination in Africa’ in 2024, as announced by the Investment Authority. Evelyne Anite,...
In a bid to ramp up tourism revenue, Kenya and Uganda have joined forces to fuse their rich cultural tapestries. These East African nations are eyeing...
Uganda is poised to inaugurate its inaugural tin refining facility in the southwest region, marking a significant stride in bolstering capacity and advancing mineral value within...
Press Release | The Federal Republic of Somalia has finally joined the East African Community (EAC) as the bloc’s 8th Partner State after officially depositing her...
Reuters | Former Tanzanian President Ali Hassan Mwinyi, credited with ushering the East African nation into free market economics, has died at age 98, current President...
Reuters | Tanzania has withdrawn approval for Kenyan national carrier Kenya Airways to operate flights between the Kenyan capital Nairobi and Dar es Salaam, Tanzania’s commercial...
By Gregory Simpkins It is said that necessity is the mother of invention but that desperate times call for desperate measures. Well Ethiopia has a desperate...
Reuters | Landlocked Ethiopia signed an initial agreement with Somalia’s breakaway region of Somaliland on Monday to use its Red Sea port of Berbera, Prime Minister...
Reuters | Tanzania’s economy is expected to grow by about 5.5 percent in 2024, up from about 5 percent in 2023, but it faces risks from...
Reuters | The African Development Bank (AfDB) has approved over US$696 million in financing for a rail project to link Tanzania, Burundi and the Democratic Republic...
By Micah Lucy Abigaba Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67 percent of...
AP | The Kenyan High Court on Tuesday struck out key clauses of a contentious finance law that has been blamed for significantly raising taxes and...
AFP | Conflict-weary Somalia was admitted on Friday into the East African Community (EAC) as the eighth member of the bloc as it seeks to expand...
By Fidel Amakye Owusu The geographical feature that partly separates Mozambique from Tanzania is the Rovuma River. Much of the almost a thousand-kilometre water body creates...
AP | The Kenyan government announced Monday a surprise public holiday on November 13 for a nationwide tree planting day, part of its ambitious plan to...
Reuters | Tanzania is expecting to officially launch the country’s fifth oil and gas licensing round by June and award licences to the winners by December...
Bloomberg | Tanzania will target boosting investment from India, the East African nation’s biggest trading partner, by 10-fold in the next 2 years. The Tanzania Investment...
By Chinedu Okafor Kenya plans to begin building its first nuclear power station in 2027 as the nation works to diversify its energy production in response...
By Chinedu Okafor According to Uganda’s finance ministry, the nation’s yearly and monthly trade deficits with the rest of the world have decreased as a result...
Reuters | Safaricom’s M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart...
Uber and Safaricom have partnered to ease payment of trips by riders across Kenya through M-Pesa. This follows an earlier deal between the wireless carrier and...
By Morgan J. Robinson Kiswahili originated in east Africa, spreading around the continent and the globe. It’s been adopted as a working language at the African...
Bloomberg | Kenya plans to repurchase at least half of its US$2 billion eurobond that’s maturing in June 2024 before the end of this year, President...
AFP | Eritrea has rejoined the East African bloc, the Inter-Governmental Authority on Development (IGAD), nearly 16 years after the politically isolated state pulled out of...
By Gregory Simpkins All too often, the international media and even those considered to be Africa experts focus on the crises that are evident in African...
AFP | Ethiopia’s central bank said on Thursday it had issued a mobile money licence to Kenyan telecoms giant Safaricom, the first granted to a foreign...
Top representatives from Kenya Airways (KQ) and Air Tanzania Company Limited (ATCL) have met to discuss the prospect of a cargo transportation collaboration. This news comes...
AFP | Kenya’s first operational satellite was launched into orbit on Saturday by a SpaceX rocket that took off from California, USA, according to images from...
Bird Story Agency | Tanzania and Burundi have floated a tender for designing and constructing an electrified railway that will initially connect the two countries and...
By Chinedu Okafor Tanzania garnered US$1.2 billion in investment through projects filed with the Tanzania Investment Centre (TIC) from January to March, compared to US$787.4 million...
By Chinedu Okafor Tanzania’s pro-business stance, perpetrated by the president of the country, Samia Suluhu Hassan, is sending a positive message to investors, who are increasingly...
By Chinedu Okafor The Ugandan government said on Thursday that it plans to generate at least 1000 megawatts (MW) from nuclear power by 2031 as part...
Tanzania has floated East Africa’s largest-ever domestically manufactured freshwater passenger and cargo ship, the MV Mwanza Hapa Kazi Tu, on Lake Victoria. The ship, launched at...
Reuters | Ethiopian Prime Minister Abiy Ahmed met senior leaders of the Tigray region forces on Friday for the first time since they signed a peace...
A decision to set up the East African Monetary Institute (EAMI) – the Central Bank of East Africa – will be made this year, a key...
Bloomberg | Tanzania’s central bank said it’s working toward a “phased, cautious and risk-based” introduction of a digital currency for the East African nation. The Bank...
AFP | Uganda said on Monday it was expected to declare an end to an Ebola virus outbreak that emerged late last year and has claimed...
AFP | Tanzania on Tuesday signed a US$2.2 billion contract with a Chinese company to build the final section of a railway line aimed at linking...
By Gregory Simpkins The announcement of a so-called “permanent” cease-fire agreement in Ethiopia’s Tigray war sparked optimism among those outside Ethiopia, as well as those clinging...
Bloomberg | Two vaccines being developed to treat the type of Ebola that’s killed 29 people in Uganda may start clinical trials in the coming weeks,...
Reuters | William Ruto was sworn as Kenya’s 5th president on Tuesday, taking the helm a week after the country’s top court threw out petitions challenging...
AFP | Ethiopian Airlines, the leading African flag carrier, on Wednesday reported a surge in profit for the last financial year, in sharp contrast to the...
By Gregory Simpkins As the world rightly focuses on the Ukraine-Russia conflict, which has inflicted such misery on other countries, there is a growing conflict that...
By Gregory Simpkins On April 23, 2021, U.S. Secretary of State Anthony Blinken proudly announced the appointment of Jeffrey Feltman as the U.S. Special Envoy for...
Reuters | Uganda has revealed that recent exploration surveys have shown it has gold ore deposits of about 31 million tons and it wants to attract...
Bloomberg | Kenyan opposition leader Raila Odinga, who’s running for president for a fifth time, drew ahead of rival candidate Deputy President William Ruto in an...
Bloomberg | Kenya may be poised to have its first female deputy president after one of the leading contenders in this year’s general election picked a...
Bloomberg | Somalia’s President Mohamed Abdullahi Mohamed announced his candidacy for long-delayed presidential elections that will be held later this month. “I am announcing my re-election...
Reuters | Kenyan President Uhuru Kenyatta said on Sunday his government would hike the country’s minimum wage by 12 percent immediately to help workers cope with...
Kenya’s former president, Mwai Kibaki, has died at the age of 90, President Uhuru Kenyatta has announced. He was president of Kenya from 2003 to 2013....
The East African | The Democratic Republic of Congo (DR Congo) will officially be admitted to the East Africa Community (EAC) next week, adding a 90...
Reuters | Kenya lifted its remaining COVID-19 restrictions on Friday, including a ban on large indoor gatherings such as religious services and a requirement to present...
The target is to reach 75 percent of the population by June this year.
Opibus is the first company to make the vehicles in Africa.
By Simon Ngalomba Soon after independence from Britain in 1961, Tanzania declared war on 3 main obstacles to its development goals – ignorance, disease and poverty....
"If there is anything, we have learnt from the COVID-19 pandemic is the essence of self-reliance" - Uhuru Kenyatta
With less than a year to go to the end of his term, Kenyan president Uhuru Kenyatta is worrying about the legacy he will leave behind...
Kenya’s dominance however has historically been tested by Ethiopians. More recently, the challenge comes from the emergence of Uganda, cementing the place of East Africa as...
AFP | Kenya said Friday it is extending a nighttime curfew and banning public gatherings to slow the spread of COVID-19, warning that hospitals were becoming...
AP | In a major breakthrough for one of the world’s last countries to embrace COVID-19 vaccines, Tanzania’s president kicked off the nation’s vaccination campaign Wednesday...
Team is expected to advise government on policy, legislation and guidelines to enable the technology to be used effectively.
Bloomberg | Uganda aims to inoculate 22 million people, about half of its population, to enable the economy to fully re-open, and is setting aside Ugsh560...
Hassan has been very clear on the need for good, friendly, conducive and supporting business environment and investment climate
East African governments are betting big on new railway and port projects to boost the regional market’s competitiveness with Asia. After years of neglect, East Africa’s...
By Matt Wade As rags to riches stories go, Dennis Makori’s is a doozy. He didn’t flick a light switch until he was 13 or touch...
At a cost of US$4.8 billion, it is an audacious project undertaken by one of the fastest growing countries in Africa. At the construction site in...
Cash-rich Kenyan banks are increasingly looking at entering new markets outside East Africa and compete with Nigerian and South African lenders for control of the continent’s...
(PRNewswire) Rwanda is preparing to commission in early August 2014 the first utility-scale solar PV power plant in East Africa with a production capacity of 8.5...
By Gabriella Mulligan East Africa offers the lowest infrastructure, human resources and administrative costs for entrepreneurs while South Africa is the most expensive country in Africa...
East African nations have threatened to impose sanctions on South Sudan’s conflicting sides unless they resolve their differences peacefully and end “flagrant violations” of three agreements...
Kenya, Uganda and South Sudan are expected to invite bids for a consultant to oversee the building of an oil pipeline to transport crude. The crude...
Rwanda’s economy is expected to grow by 6 percent this year from 4.6 percent in 2013, while inflation will remain contained, the IMF said. Growth in...
A move by the Kenya communication regulator to license three mobile virtual network operators (MNVO) – that don’t own their own communication infrastructure – is expected...
The Kenyan shilling is expected to receive cushion from the upcoming sovereign bond floated later this month. This is sub-Saharan Africa’s biggest Eurobond of two...
When it comes to acronyms of the global economy, South Africa, Egypt and Nigeria have repeatedly represented Africa. They show up in acronyms coined by economists and...
Safaricom, Kenya’s biggest telecoms operator, expects its free cash flow to rise by 10-17 percent in its financial year ending next March. This will be driven...
The race is on between Uganda and Kenya to see which will emerge as the region’s first oil producer. With the Ugandan government estimating reserves of about...
East African leaders and China formally signed agreements on Sunday for the construction of a new multi-billion dollar railway linking the Kenyan port of Mombasa to...
The high cost of doing business in Kenya’s local textile industry is becoming a local and international investment deterrent. Rajeev Arora, executive director at Africa Cotton...
Kenya’s economy grew by a slower-than-expected 4.7 percent in 2013 mainly because drought hurt agriculture output. The announcement was made by the planning minister said on...
Kenya has been ranked as Africa’s fourth most sought after country for mergers and acquisitions, a Mergermarket report has said. “It’s driven by the growth rates...
Upcoming entrepreneurs in East Africa have been given a gleam of hope after the announcement of a 20 million dollar fund. The fund, named the Novastar...
The Finance Ministry here and the Japan International Cooperation Agency (JICA), last week signed a $3,696,858 grant equivalent to Tsh 6 billion for the agricultural sector...
The Kenyan banking sector has been more resilient on stock performance compared to its Nigerian counterparts. “The reason why the Kenyan banks stock price share performances...
Proflight Zambia and Fastjet have partnered in a move to allow easier travel between 15 destinations across Zambia, Malawi and Tanzania. “We have strengthened our partnerships...
ARM Cement Limited, Kenya’s second-biggest cement producer, said on Tuesday it expects profits to grow again this year. This is after it posted a 12 per...
Despite the global private jet market suffering severe blows in the 2008 economic crisis, Africa’s private jet charter industry still grows. According to Brazilian aircraft...
The eruption of fighting in South Sudan brought East Africa’s political crises into sharp focus at a time of optimism about the region’s economic take-off. Undaunted,...
Residents of Kenya, Rwanda, Uganda, Burundi and Tanzania will now be able to travel with their respective national currencies in other East African Community (EAC) countries...
President Uhuru Kenyatta plans to slash public servants’ wages in an effort to allocate more funding to the country’s development. Kenya’s president has ordered a 20...
As companies develop new oil and gas fields in East Africa – from Mozambique in the south up to Tanzania, Kenya and Somalia – governments will...
Oil rig in Uganda. PHOTO/Tullow Oil East Africa’s first land based locally-owned drilling contractor is just starting up, signalling the intention of local investors to get...
Oil rig in Uganda. PHOTO/Tullow Oil (Bloomberg) – Uganda is looking for a lead investor to develop a refinery estimated to cost US$2.5 billion, two weeks...
(Reuters) – Security worries are nothing new in Kenya and so the country is unlikely to see long term investors pull money out after the deadly...
East Africa’s third largest economy, Uganda plans to double the length of its power grid in four years at a cost of US$500 million as it...
A worker at the Petroleum Refinery plant in Mombasa, Kenya. PHOTO/Daily Nation Kenya is headed to become the first oil exporter in East Africa, moving in...
(Bloomberg) – Uganda’s economy is on course to expand in 2013-14 at the higher end of its forecast range, driven by growth in the services industry...
(Reuters) – Kenyan retailer Naivas said on Tuesday that South Africa’s Massmart is seeking to buy a majority stake in the family-owned owned supermarket chain. Massmart,...
Fire fighters working to put out the fire at the Jomo Kenyatta International Airport, Nairobi. PHOTO/Noor Khamis/Reuters Officials in Kenya said they would reopen the Jomo...
The five East African Community countries including Burundi, Kenya, Rwanda, Tanzania and Uganda are edging closer to establishing a single currency. The creation of the monetary...
Oil rig in Uganda. PHOTO/Tullow Oil West Africa’s insurance companies and commercial banks are setting up subsidiaries in East Africa to take advantage of the oil...
Artistic Impression of the Konza Techno City. IMAGE/File Kenya gave the world two groundbreaking innovations in technology: M-Pesa, a mobile banking system, and Ushahidi, a platform...
App developers at work in Nairobi, Kenya. PHOTO/File East Africa’s tech entreprenuers have a new opportunity for fundraising following the launch of a US$196 million fund...
(Bloomberg Businessweek) – Tanzania sees natural gas reserves more than doubling by early 2015 from the 40 trillion cubic feet discovered, as the east African country...
African middle class family in Lusaka, Zambia. PHOTO/Georgina Smith/The Guardian A raft of trickle-down economic policies adopted by East African governments to fight poverty seems to...
Mr. Uhuru Kenyatta, Kenya’s President-Elect Tiger Woods could recapture his Number One Golfer position in two weeks if he wins at Bay Hill; Nelson Mandela has...
Kenyan President-elect Uhuru Kenyatta The Independent Electoral Commission of Kenya has posted complete results showing that Uhuru Kenyatta has prevailed in the country’s presidential elections by...
Kenyans choose a new president on Monday in a closely contested election that has divided the east African nation. Kenya has rolled out new technology in...
East African financial institution, the Kenya Commercial Bank has announced another round of layoffs. This comes 2 years after the bank started reducing on staffing costs...
(Globe Newswire) — Nano Labs Corporation, a nanotechnology research and development company focused on creating a portfolio of advanced products that could provide benefits to a...
(Reuters) – Uganda plans to build an inland port on Lake Victoria near its capital Kampala to reduce its near-total dependence on Kenya’s Mombasa, plagued by...
Outgoing Kenyan President Mwai Kibaki East Africa’s largest economy, Kenya, goes to the polls on March 4 to elect a new president, elect new governors, and...
(Reuters) – Kenya and Uganda said on Monday they were looking for a strategic private investment partner to build and operate a pipeline to transport refined...
Kenya is among African markets considered a favored destination for private equity investments in 2013 while Tanzania and Rwanda will be favorites in East Africa, according...
The mobile phone has entirely changed the story of banking in Africa. Today a cellular phone is an all-purpose bank account, an Automated banking machine (ABM/ATM)...
Oil rig in Uganda. PHOTO/Tullow Oil A shortage of trained oil and gas workers in East Africa is slowing development of new fields following a series...
(The East African) – Uganda’s electricity distributor, Umeme, will launch the country’s biggest initial public offer (IPO) on Monday, October 15, hoping to attract investors across...
(Reuters)- Some of the world’s biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique’s huge gas fields, an...
“Across Africa, we have seen countless examples of people taking control of their destiny, and making change from the bottom up.” – President Barack Obama Like...
(Reuters) — Kenya’s first offshore gas discovery is encouraging but not large enough for commercial production, the country’s energy minister revealed on Tuesday. Exploration firms Tullow...
Oil and gas explorers usually look outside East Africa’s relatively smaller financial markets to more developed markets like the United States, Canada and Europe, for funding...
Over the last decade, intra African trade has emerged as a strong driver of growth across the continent. Competition among financial institutions in East Africa is...
Artistic Impression of the Konza Techno City. IMAGE/File A two-day Konza Techno City Investors Conference started on Tuesday Aug. 7, with a major announcement regarding which...
Almost all prominent or successful business people in the Great Lakes Region [loosely Sudan, the Democratic Republic of Congo, East Africa including Kenya, Uganda, Tanzania, Rwanda...
Tanzania on Saturday halted rescue operations for a ferry accident that appears to have killed 146 people. Tanzania government official Ali Juma Shamhuna said 69 passengers...
(Reuters) – The arrival of global advertising agencies has raised the stakes in east Africa’s US$1 billion market, with new players hoping to wrestle a piece...
Tanzania has nearly tripled its estimate of recoverable natural gas reserves to up to 28.74 trillion cubic feet from 10 trillion and plans to introduce new...
(Reuters) – Planned investment in Uganda more than tripled in the first quarter of this year from the preceding three months, buoyed by increasing interest in...
Alcatel-Lucent has signed two contracts to roll out 4G, long term evolution (LTE) in East Africa as the race among African mobile phone operators to capture...
Ugandan information technology firm SatNav East Africa has sold a 26 percent stake to South Africa’s MapIT. SatNav East Africa chief executive Vincent Okema said the...
(Reuters)- China’s Gingko Energy Company plans to invest US$100 million over a five-year period to revive production at Kilembe copper mine in western Uganda, the east...
(Reuters) – Nakumatt, Kenya’s largest retailer, plans to expand across Africa by focusing on opening stores in more eastern Africa countries over the next two years,...
Oil rig in Uganda. PHOTO/Tullow Oil (Reuters) – A worldwide rig shortage is delaying oil drilling in East Africa, which is slowing growth and pushing up...
Rising business confidence and consumer demand have lifted private equity (PE) fund executives’ appetite in East African economies to an all-time high, shrugging off rising concern...
East Africa undersea cables. MAP/The Guardian Most of East Africa lost access to the internet last week after a ship docked at an illegal spot, damaging...
(Bloomberg) — Inflation in East Africa may slow this year as food prices ease, while rising oil costs will probably boost imports and widen trade deficits,...
Central Bank of Kenya governor Njuguna Ndung’u. PHOTO/File (Reuters) – A Kenyan parliamentary committee has asked central bank governor Njuguna Ndung’u to step aside from his...
(Reuters) – Nakumatt Holdings, Kenya’s leading supermarket chain, expects to grow sales 20 percent in its 2012/13 year, helped by expansion into east Africa’s fast-growing middle-class...
Construction of the US$4.7 billion railway line linking Rwanda, Burundi and Tanzania will begin in 2014, after the three governments finalize fund raising activities. Tanzania and...
While the west experiences economic difficulty, Africa contiues to look east – towards China. The west has every reason to be worried – about it’s declining...
(Reuters) – East African heads of state admitted South Sudan as a member the regional bloc Inter-Governmental Authority on Development (IGAD) on Friday, some four months...
Ethiopia said Friday it may contribute troops to the African Union force in Somalia fighting al-Qaida-affiliated insurgents. East African leaders meeting in the Ethiopian capital of...
East African Rift Valley – Source: Tullow Oil Africa’s new scramble for oil is heading east, where the potential could be huge but the risks are...
Businesses in East Africa have continued to thrive and grow despite a global downward economic trend, a report by a UK based research organization indicates. The...
Carnegie Mellon University (CMU) will open a branch campus in Rwanda next year, making it the first American university to do so in central Africa. The...
They started to stream across the border in the hundreds; and there was alarm from the Kenyan authorities. In an interview with the BBC about a...
ADDIS ABABA, Ethiopia — East African leaders say the African Union and United Nations should impose sanctions on Eritrea’s mining sector. The leaders who met in...
Africa is starting to change for the better and Kenya is becoming the leader in this long overdue movement offering African-American entrepreneurs an opportunity not only...
