Fundraising Activity in East Africa to Pick Up, Majority Deal Size Below US$25mn-Deloitte
The fundraising environment in East African region is expected to improve over the next 12 months as economic activity, confidence and investment pick up. “Fundraising activity has fluctuated, with strong [...]
EAC Urges Partner States to Fast Track Liberalizing Air Transport Market
The East African Community (EAC) has urged its partner states to fast track regulations to liberalise the air transport market to boost regional integration and economic growth. “An integrated air [...]
Competition Authority Okays Lipton Teas' Takeover By Browns Investments
The competition regulator in Kenya has permitted UAE's B Commodities's acquisition of 98.56% in Lipton Teas and Infusion, setting the stage for one of the most watched MA deals in [...]EU, US Sanction Rebel Leaders for Conflict in Eastern DRC
The European Union (EU) and US have sanctioned more than ten people, including a high-ranking Rwandan military officer, and two entities, for serious human rights violations and abuses in the [...]Bank's Regional Subsidiaries' Profits Double as DRC Takes Lead
The Democratic Republic of Congo (DRC) is now the most profitable market for Kenyan banks' subsidiaries within the East African Community (EAC), overtaking Rwanda in 2023. With the high global [...]South Sudan Purges Finance Minister, Oil Firm Chief
The President of South Sudan, Salva Kiir, fired his finance minister Awow Daniel Chuang and replaced him with Dr. Marial Dongrin Ater amidst budgetary delays and unpaid salaries. President Salva [...]South Sudan Halts Spending as FY Ends, Budget Delayed
The Ministry of Finance and Planning in South Sudan is yet to present its 2024/2025 budget in parliament and has halted government agencies from making any payments supposed to have [...]US Sanctions Uganda's Speaker, Minister of State for Finance, for Graft
The United States' (US) Department of State has sanctioned five Ugandan officials including Speaker of Parliament Anita Among and Minister of State for Finance and Planning Amos Lugoloobi due to [...]IMF Reaches Staff-Level Agreement for Tanzania's US$ 150 Million
The International Monetary Fund (IMF) has reached a staff-level agreement to provide US$ 150 million to Tanzania, subject to approval by the IMF Executive Board. “I am pleased to announce [...]Attempted Coup in DRC Increases Risks of Political Instability in the Region
Although the coup attempt was quickly thwarted, the success of Malanga’s group in accessing the capital, and the heavily guarded Palais de la Nation, will likely also raise questions about likely benefactors and sympathisers.Admaius Capital Partners Makes A Majority Equity Investment in Rwandan Telecom Towers Operator TRES
Admaius Capital Partners (“Admaius”), an Africa focused private equity investor operating across several growth markets, has today announced its majority equity investment into TRES Infrastructure Limited, the only local licensed [...]Car General Posts Net loss of KSh 274 million on Forex Losses
Car General Kenya Plc, a listed dealer in power generation, automotive, construction and industrial engineering products in East Africa, has posted a net loss of KSh 274 million in [...]
