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…
Newsletter
South Africa’s June 30 shutdown arrives
Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…
AfDB backs Arua airport in Uganda
The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…