East Africa
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East Africa Revenue Authorities Taps Ksh.410 Million From Tax Evasion Crack Down
The East Africa Revenue Authorities have tapped a whooping Ksh.410,231,153.80 from investigations spanning October 2023 to April 2024 in tax…
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Revealed: Kenya Collects Ksh.1 Billion in Daily Revenue From e-Citizen
Kenya’s revenue has surged to a whooping Ksh.1 billion in daily collection from Ksh. 60 million, said Eliud Owalo. Owalo,…
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Vodacom Completes Smile Communication Tanzania Acquisition at $26K
Vodacom, Tanzania’s biggest telecom operator, has completed the acquisition of Smile Communication Tanzania Ltd for TZS 68.8 billion ($26,631,513). The…
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List of Institutions Sanctioned By UK For Funding Sudan War
A year after the outbreak of conflict in Sudan, the UK has imposed new sanctions on businesses linked with financing…
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UK Pledges £100 Million in Support for Vulnerable Ethiopians
The UK has announced life-saving assistance for hundreds of thousands of Ethiopians at a pledging event at the United Nations…
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Paris Conference Raises Over €2 Billion in Aid for Sudan
French President Macron said Monday’s Paris conference raised more than €2 billion in aid to help Sudan and its neighbouring…
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Uganda Hikes Lending Rate by 25 Basis Points to 10.25
The Bank of Uganda (BoU) has increased its interest rates for the second straight month from 10% to 10.25%—the highest…
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Rwanda Regulates Online Forex Trading for the First Time
Rwanda’s Capital Market Authority (CMA) has introduced regulations to govern online forex trading, marking the first time such trading activities…
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Ugandan MPs Approves New Aviation Law to initiate Investigations into Aircraft Accidents
Uganda’s Parliament has given its approval to the Civil Aviation Authority (Amendment) Bill, 2024 paving the way for the chief…
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Meet Somali Billionaire Ahmed, Man Behind WorldRemit, Three Other Million-Dollar Firms
Ismail Ahmed is a Somali-born British entrepreneur who founded and chairs WorldRemit, a money transfer company that uses mobile technology…
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