Somalia Suspends Visa-on-Arrival for Kenyans WEF 13th Dec
Somalia has suspended visa-on-arrival for Kenyans, citing the need to curb the spread of the COVID-19 virus as one of the reasons for the directive. The new directive, which takes [...]
Syspro Survey Shows Increasing Business Confidence Despite COVID-19 2nd Wave
A survey by Syspro, conducted among Chief Financial Officers (CFOs) in manufacturing enterprise companies, shows that close to50% of manufacturing companies have already recovered business or expect to do so [...]Court Halts Kenya 25% Tax on Imported Glass Bottles
TheEast African Court of Justice(EACJ) has suspended Kenya’s decision to impose a 25% tax on imported glass bottles, following an application in which Tanzania’s Kioo Limited claimed the Kenya government’s [...]IFC Loans KSh1.1 Billion to IM Rwanda to Support SMEs
The International Finance Corporation (IFC), which is a member of the World Bank Group, has given a KSh1.1 billion ($10 million) loan to IM bank Rwanda, to enable the bank [...]
U.S. Removes Visa Reciprocity Fees for Nigerians WEF 2nd December 2020
The United States has announced the removal of visa reciprocity fees for Nigerians, thus lowering the fee paid by Nigerian citizens to obtain a visa. The removal took effect on [...]AfDB Approves $71.5 Million Loan for Ugandan Roads
AfDB's African Development Fund (ADF) has approved a $71.5 million loan for the upgrade of roads in Uganda, a move that seeks to boost tourism in the districts of Kabale [...]South Africa to Sell Stake in SAA for $400 Million
South Africa has announced plans to sell a stake in its national airline, South African Airways (SAA), looking to raise about $400 million. The funds will then be used to [...]IATA Projects African Airlines to Lose $3.7 Billion in 20202021
The International Air Transport Association (IATA) has projected that African airlines will lose $3.7 billion between this year and 2021, with global losses projected to hit $157 billion. According to [...]Kenya's Sugar Sector Gets Additional 2-year COMESA Sugar Imports Safeguard
Kenya's stagnant sugar industry has received another reprieve. This is after the Common Market for Eastern and Southern Africa(COMESA) regional trading block granted it a two-year extension of the sugar [...]
Rwanda’s GDP Declines by 12.4% in Q2 2020
Rwanda's Gross Domestic Product (GDP) for Q2 2020 (between July and September)declined by 12.4%compared to the same period in 2019, occasioned by the prolonged impact of the total lockdown imposed [...]BK Group's 9 Months Net Income Rises 10.5% to $ 28.6 Million
BK Group Plc, the holding company of Bank of Kigali- the first Rwandese lender to cross-list at the Nairobi Securities Exchange(NSE), has recorded a rise in its net income for [...]Tullow Oil Shifts Focus to Ghana, Invests $2.7 Billion
Tullow Oil has shifted its focus to West Africa, as it plans to invest$2.7 billion in Ghana's oil fields, which form the backbone of its business. The move seeks to [...]
