ARUSHA, Tanzania | Xinhua | Tanzania will host the 11th East African Petroleum Conference and Exhibition in the port city of Dar es Salaam from March 5 to 7, 2025. The conference, themed “Unlocking Investment in Future Energy: The Role of Petroleum Resources in the Energy Mix for Sustainable Development …
Read More »UDB, Centenary win big at Continental Banking Awards
Nairobi, Kenya | THE INDEPEDEPENDENT | Uganda Development Bank, is named the best bank in East Africa at the 18th edition of the Annual African Banker Awards. The country’s national Development Finance Institution, was on Tuesday named the Regional Bank of the Year – East Africa at the Annual African Banker …
Read More »IFC and Absa to boost East Africa coffee trade with US$60million facility
An estimated five million smallholder farmers rely on the industry for jobs and livelihoods in the region Kampala, Uganda | THE INDEPENDENT | The International Finance Corporation, a member of the World Bank Group, has partnered with Absa Group Limited, a South African-based bank intends to extend US$60 million commodity trade …
Read More »Free movement for East Africans, finally?
What to expect from Uganda signing IGAD Protocol COVER STORY | RONALD MUSOKE | Uganda has finally signed the Intergovernmental Authority on Development (IGAD) protocol that allows lawful free movement in and out of citizens of the countries of the East and Horn of Africa region. By signing of the Protocol …
Read More »UN: East Africa floods affecting 750,000 people kill more than 235, displace 234,000
UNITED NATIONS | Xinhua | UN humanitarians said on Monday nearly 750,000 people were affected by flooding in eastern Africa, with 234,000 displaced and more than 236 killed – more than 229 in Kenya alone. The UN Office for the Coordination of Humanitarian Affairs (OCHA) also said local authorities in …
Read More »Transport ministers commit to accelerating SGR expansion across East Africa
MOMBASA, Kenya | Xinhua | Four African transport ministers agreed on Friday to expedite the completion of the remaining sections of the high-speed Standard Gauge Railway (SGR) from Naivasha, Kenya, to regional countries. The ministers of transport from Kenya, Uganda, the Democratic Republic of the Congo (DRC), and Rwanda, who …
Read More »At least 155 killed in Tanzania as heavy rains pound East Africa
ANALYSIS | AGENCIES | More than 200,000 people and 51,000 households have been affected by the rains, Tanzania’s prime minister said. Flooding and landslides in Tanzania caused by weeks of heavy rain have killed 155 people and injured 236 others, the country’s prime minister said, as intense downpours continue across East …
Read More »East African bloc unveils new tool to improve drought monitoring
NAIROBI, Nairobi | Xinhua | The Intergovernmental Authority on Development (IGAD), an East African bloc, on Wednesday launched a new tool to improve monitoring and response to climate change-induced droughts. Dubbed the “Enhanced East African Drought Watch,” the innovative tool is expected to revolutionize drought forecasting in the region and …
Read More »East Africa’s retail boom
A new opportunity for real estate ANALYSIS | AGENCIES | Retail is emerging among the most vibrant sectors of the East African economy. Kenya’s capital city, Nairobi, has not only become an important retail market in its own right but a stepping stone into the rest of the country and wider …
Read More »East Africa launches strategic plan to boost insurance penetration
NAIROBI, KENYA | Xinhua | East African countries unveiled a strategic plan on Thursday aimed at increasing insurance penetration in the region. Kaddunabbi Ibrahim Lubega, Chairman of the East African Insurance Supervisors’ Association and CEO of the Insurance Regulatory Authority of Uganda, announced the plan in Nairobi, Kenya. Lubega said …
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