East Africa

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

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…

Ethiopia hits 10,000 MW power milestone

Ethiopia's power generation capacity has crossed 10,000 megawatts, Prime Minister Abiy Ahmed confirmed, driven by the Grand Ethiopian Renaissance Dam…