East Africa

East Africa business news covering Kenya, Tanzania, Uganda, Rwanda, Ethiopia, and the EAC. Regional trade, infrastructure corridors, and investment intelligence.

Co-op Bank Kenya restructures for regional push

Co-operative Bank of Kenya announced on April 21 it will restructure into a non-operating holding company renamed Co-opbank Group PLC,…

Dangote pledges 650,000 bpd refinery for East Africa

Aliko Dangote pledged at the AFC summit in Nairobi to build a 650,000 barrel-per-day oil refinery in Tanga, Tanzania, identical…

Kenya and Rwanda sign fintech passporting deal

Kenya and Rwanda signed the Kigali Declaration on Fintech Licence Passporting in March, allowing payment service providers to expand between…

Nedbank wins clearance for $856m NCBA Kenya deal

South Africa's Nedbank has secured Kenya's Capital Markets Authority exemption to proceed with its $856 million acquisition of 66% of…