Kenya Reaps Big from Europe’s Fresh Produce Market
Kenya is currently the leading supplier of basil, an aromatic herb, to Europe which sources 80% of its supplies for the fresh produce market, from Kenya. This is after hot [...]
TransUnion Picks Kamakil As CIO for Kenya, East Africa
TransUnion Africa has announced the appointment of Aron Kamakil as the Chief Information Officer (CIO) of the company’s rapidly-growing operations in Kenya, Zambia, Botswana, and Malawi. “Aron brings rich expertise [...]AfCFTA in USD6 billion deal to finance Africa’s SMEs
The Africa Continental Free Trade Area (AfCFTA) Secretariat has signed a multi-million deal agreement with UBA to support Small and Medium Enterprises (SMEs) in Africa. In a deal signed in [...]
iProcure in Elaborate Plan to Accelerate its Expansion in Kenya East Africa
iProcure, a Kenyan-based agtech firm, has received a grant of US$ 1.2 million in addition to funding of US$ 9 million, Series B, that it intends to use to support [...]The Telecommunications Greenfield Conundrum
For most businesses, expansion, especially to a new geographical area is both an exciting but also expensive and nerve-wrecking process. As the global economy is shifting and changing, due to [...]Capital Markets Fintech Group 42Markets secures $10M capital from Convergence Partners and 14 DFIs
42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector [...]Relief for Tanzania as Fuel Prices Decline Further
The national regulator, the Energy and Water Utilities Regulatory Authority (Ewura), has announcedthe wholesale and retail prices of petrol and diesel have been reduced in Tanzania this month. According to [...]
IMF Directs Rwanda’s National Bank to Raise Interest Rates to Control Surging Inflationary Pressures
The International Monetary Fund (IMF) has directed Rwanda’s National Bank (NBR) to increase interest rates as a measure to control the escalating inflationary forces in the economy. This action is [...]Kenya-Rwanda Signs 10 MoUs To Advance Peace, Investment
Kenya and Rwanda have officially signed the Memorandum of Understanding to collaborate and strengthen their relations. This agreement aims to promote cooperation and mutual benefit between the two countries. The [...]Umeme Limited Posts a Net Profit $ 38.9 Million in 2022
Umeme Limited (UMME) has announced a net profit of $ 38.9 million (Ushs 148 billion) for the financial year that ended on December 31st 2022, 6.47 per cent increase from [...]East African Community Extends Single Currency Implementation Deadline to 2031
The Central Bank Governors of East Africa have decided to extend the adoption of a single currency by 2031, as the initially proposed deadline of 2024 was deemed unfeasible. At [...]US Firm Titan Lithium Expands Operations in Tanzania, Finds Lithium Deposits with High Grades near Mt Kilimanjaro
Titan Lithium Inc, a US-based company, plans to expand its operations in Tanzania following the discovery of lithium deposits in the region. The company has found lithium deposits in two [...]
