Sub-region avoided recession in 2020 but political fragility and limited economic diversification impacted growth in some countries Kampala, Uganda | RONALD MUSOKE | East African economies will fully recover from the COVID-19 induced recession in 2023, thanks to increased roll-out of vaccines, recovery in the global economy, rising commodity prices, …
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Airtel’s operations in East Africa have recorded approx.52% surge in operating profits to US$279m for the half year period ending Sep.30 riding on a balanced growth of almost all its product segments. The company’s East Africa business region includes Kenya, Malawi, Rwanda, Tanzania, Uganda and Zambia. Though Airtel Money …
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Nairobi, Kenya | Xinhua | East Africa’s economic growth is projected to rise to 4.1 percent in 2021, up from 0.4 percent in 2020, the African Development Bank (AfDB) said on Thursday. According to the East Africa Regional Economic Outlook 2021, the economic performance will be boosted by the ongoing global …
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Kampala, Uganda | THE INDEPENDENT | Garage48 in partnership with The Innovation Village, with support from the Estonian Ministry of Foreign Affairs Development Cooperation, has organized a 2-round series of design hackathons happening this year and October 2022, next year. The two design hackathons are a part of the EU: Africa They Journey 2021 and …
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IFC is working with stakeholders across the East Africa region to extend credit information system to cover the digital mobile lenders Nairobi, Kenya | Xinhua | The International Finance Corporation (IFC) said on Thursday it plans to promote the uptake of mobile digital loans in East Africa in order to boost …
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Dar, Tanzania | Xinhua | The United Nations Industrial Development Organization (UNIDO) has reaffirmed its support to industrialization drive in the East African Community (EAC) region, the EAC said in a statement on Saturday. The statement issued by the EAC headquarters in the northern city of Arusha said the reaffirmation …
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Aviation | AIRSPACE AFRICA | As surely as her aircraft took to the sky, East African Airways rode the winds of change to carry with it a Pan-African tale. A story which, in its unfolding, not only mirrored but also fell casualty to an equally volatile political climate. The British …
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Nairobi, Kenya | XINHUA | The East African Community (EAC), a regional economic bloc, is planning to develop a COVID-19 economic recovery plan to help the region rebuild from the negative effect of the pandemic.Juvenal Ndimurirwo, director of finance for the EAC Secretariat, told a virtual meeting Friday that the …
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The company will soon welcome two new minority investors – The Rise Fund and Mastercard – in its mobile money business Kampala, Uganda | ISAAC KHISA | India’s Bharti Airtel operations in East African shrugged off the effects of coronavirus pandemic to record a 15% surge in revenue to US$1.38bn …
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Kampala, Uganda | THE INDEPENDENT | Speaker of Parliament, Rebecca Kadaga has told a delegation of experts drafting the East African Community (EAC) Political Federation Constitution that legislators will require ample time to make their input on the establishment. Led by Chief Justice Emeritus, Benjamin Odoki, the representatives from Kenya, Rwanda, Tanzania …
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