French Court Dismisses Case Against TotalEnergies Over Oil Projects in East Africa
The French court has dismissed a legal case against TotalEnergies regarding their oil project in Uganda and Tanzania that several NGOs had initiated. The plaintiffs, comprised of six non-governmental organizations, [...]
IMF to Grant Tanzania $151 Million Loan to Boost Economic Recovery
The International Monetary Fund (IMF) is set to grant Tanzania a $151 million loan to boost its economic recovery amidst headwinds from global shocks that have slowed growth. The amount [...]EAC Secures KES 1.5 Billion Funding for Feasibility Study of Key Road Project
The East African Community (EAC) has secured US$1.4 million (KES 1.5 Billion) for a feasibility study on a key section of the Northern Transport Corridor linking the Republic of Kenya [...]Starlink, SpaceX’s Satellite-Based Internet Service Receives License in Rwanda
The Rwanda Space Agency (RSA) has announced that Starlink has received permission to offer internet and high-speed connectivity services to Rwanda through its constellation of Low Earth Orbit (LEO) satellites. [...]Ethiopia Signs $745 Million Financing Agreements with World Bank
Ethiopian Ministry of Finance and the World Bank have signed two agreements for $745 million to fund two projects. The first agreement, worth $445 million, will be used to improve [...]East African Breweries Blames Rising Tax for Slow Growth in Half-Year Earnings
East African Breweries (EABL) has reported Kshs 57.3 billion ($532 million) in net sales for the half year ending December 31st, 2022, representing a 4% growth compared to the same [...]
Eveready EA Plc Cuts Full-Year Net Loss to KES 12 Million
Eveready, EA Plc cut its net losses to KES 12 million in the financial year that ended 30 September 2022, compared to a net loss of KES 39 million posted [...]EAC Launch Verification Mission to Admit Somalia into Regional Bloc
The East African Community (EAC) officially launched the verification mission to assess the readiness of the Federal Republic of Somalia to join the regional bloc on Wednesday. Senior officials from [...]IMF Managing Director in Kigali to Talk Through Climate Change Financing for EA
The International Monetary Fund's (IMF) Managing Director, Kristalina Georgieva, will join a roundtable discussion on Wednesday about climate change financing with East African finance ministers and governors of central banks [...]East African Community Trade Hits $10 Billion; Plans for Single Currency Underway
Intra-regional trade within the East African Community (EAC) is on an upward trajectory, standing at $10.17 billion in September 2022. The intra-EAC trade, accounting for imports and exports in the [...]
