East Africa
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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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KCB Bank Tanzania Mortage Portfolio Up Threefold to Ksh.3.8 Billion
KCB Bank Tanzania Limited has made significant strides in the Tanzanian mortgage market, increasing its outstanding mortgage book threefold to…
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Kenya Trails Tanzania, Uganda in GDP Growth Forecast in New IMF Report
The new International Monetary Fund (IMF) report indicates a positive growth trend for Kenya, with a projected GDP growth of…
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Development Projects Cost up 0.65% to $6.1 Billion in 2024 in Tanzania
Eastern African countries have increased investment in infrastructure projects in the past five years with Tanzania leading in terms of…
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Uganda Terminates Its Petroleum Imports Through Kenya
Uganda has terminated its petroleum import through the Kenyan G-to-G system citing lack of security in the supply of the…
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Benchmark Solutions signs $11.6MN Funding Deal with Uganda’s Landlords Association
Nairobi-based structured trade and project financing advisory firm, Benchmark Solutions Limited has signed a $11.633 Million funding agreement with Uganda’s…
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North Korea Shuts Ugandan Embassy After 50yrs
North Korea is ending a 50-year diplomatic presence in Uganda, one of its longest-standing African allies.In a statement Wednesday, North…
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How Magufuli’s War on Foreign Investors Has Returned to Haunt Suluhu
The Tanzanian government yesterday paid $30 million to Winshear Gold Corp to settle an investment dispute with the Canadian company…
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