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
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…
Africa’s $164bn wealth funds eye mining
Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…
Abiy unveils Addis Ababa’s riverside makeover
Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…
EU’s steel tariff hits South Africa
The EU's new steel import framework took effect July 1, imposing annual quotas with a…