EAC Experiments with Collective Marketing as it Targets 11 Million Tourists
The East African Community (EAC) will, for the first time, participate as an entity at the International Tourism Bourse (ITB) Berlin, the world’s largest tourism trade fair, from 4th [...]
AfDB Shortlists 5 Candidates to Replace President Adesina
The African Development Bank (AfDB) board of governors has cleared 5 candidates to replace current President Dr. Akinwumi A. Adesina who is leaving office in September 2025. “The African Development Bank [...]Business and Conferences Top Reasons Why Ugandans Visit Kenya
Uganda topped East African Community (EAC) nations as a source of visitors to Kenya in 2024, with business and conferences ranking as the most common reason. “The number of international [...]Uganda Waives KSh 334mn in Taxes for Local Companies
Uganda's parliament has approved over USh 9.5 billion (~KSh 334.77 million) in tax waivers for several local investors facing economic headwinds. The waivers include USh 783mn to Busoga University after [...]Kenya Issues Alert over DRC War as USA Sanctions Rwandan Minister
Kenya has issued a security alert to its citizens living and working in the troubled Democratic Republic of Congo (DRC), as the conflict in the vast country escalates amid a [...]Jumia Posts US$ 99 million Loss as Customer Base Shrinks
Africa focused e-commerce platform Jumia Technologies has posted a US$99.1 million loss after tax in 2024, a mild decrease from US$99.3 million loss in 2023, with its customer base shrinking [...]Uganda Lobbies Against EU Anti-Money Laundering Grey Listing
Uganda is lobbying the European Union (EU) to expedite its removal from regional body's anti-money laundering and terrorism financing grey list, a year after it was removed from the Financial [...]
Kenya, South Africa Led Continent in Private Capital Investments in 2024
South Africa and Kenya remained leading destinations for private capital flows in Africa, recording 84 and 83 transactions respectively in 2024, the Africa Capital in 2025 Report by Stears reveals. [...]Sudan Accuses Kenya of Act of Hostility' for Hosting Rebel Groups
Kenya is on the receiving end for hosting Sudan's Rapid Support Forces (RSF) and its allies in Nairobi as they work towards creating a parallel government. “Given that the stated [...]US to Match Foreign Tariffs in ‘Fair Trade’ Overhaul
Last week, US President Donald Trump signed a memo directing his economic staff to develop reciprocal tariffs on the country’s trading partners to protect American businesses and boost manufacturing. “On [...]Africa Finance Corporation Raises US$400mn in Oversubscribed Islamic Facility
Infrastructure solutions provider Africa Finance Corporation (AFC) has raised US$400mn Murabaha Islamic financing facility from 11 institutions. “Islamic finance plays a growing role in our funding strategy, helping us tap [...]Business Leaders Challenge Africa's Risk Profile as AfDB Plans Investment Guarantee Agency
The Africa Development Bank (AfDB) will establish the Africa Investment Guarantee Agency that will comprehensively cover international investors against political, climate, and macroeconomic risks. According to the president of the [...]
