East Africa

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

AfricaBusiness

Museveni: Uganda will hit 50,000MW

By
Africaspoint Editorial

Museveni's June 4 State of the Nation Address set a target for Uganda to expand electricity generation to 50,000 megawatts,…

View of Addis Ababa's bustling streets and modern architecture on a rainy day.
AfricaEthiopia

Ethiopia clears IMF review, unlocks $468m

By
Africaspoint Editorial

The IMF reached a staff-level agreement on Ethiopia's fifth ECF review on June 3, paving the way for a $468…

Electric motorcycle EV battery swap station urban Africa charging clean energy
AfricaBusiness

Ethiopia lures Kenya’s EV makers north

By
Africaspoint Editorial

Ethiopia's target for EVs to represent 80% of new vehicle registrations by 2030 is drawing Kenya's top electric mobility companies…

AfricaBusiness

Tanzania finally breaks its Moscow silence

By
Africaspoint Editorial

Tanzania's President Samia Suluhu Hassan arrived in Moscow on June 2 for a three-day state visit, becoming the first Tanzanian…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

Africa central Congo DRC urban city development finance banking infrastructure
Equity Group DRC Congo insurance profit 58 percent Mwangi BCDC 2026Equity Group James Mwangi Lobito Corridor Angola Zambia Mozambique 2026

Equity’s Congo goldmine: 58% profit surge

Nairobi Kenya bank finance building skyscraper modern city tower
Absa Bank Kenya Q1 2026 profit record KSh 5.3 billion resultsI&M Group Kenya bank profit record KSh 5 billion Q1 2026

Absa Kenya smashes Q1 profit record

Nairobi Kenya finance banking office tower city business district
I&M Group Kenya bank profit record KSh 5 billion Q1 2026Kenya

Standard Chartered Kenya profit falls 26%

Kenya Nairobi banking finance business district investment growth East Africa
Equity Group James Mwangi Lobito Corridor Angola Zambia Mozambique 2026I&M Group Kenya bank profit record KSh 5 billion Q1 2026

I&M Group breaks Kenya banking record

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