Tag: East Africa

Afreximbank
BusinessBankingTechnology

Afreximbank backs $29 million push to transform East Africa’s border trade

Afreximbank backs a $29 million digital customs guarantee for East Africa as EAC trade reaches $52.3 billion in the second quarter of 2026.

Oluwatosin Alao Oluwatosin Alao
Uganda Fuel Storage Terminal
EnergyBusinessInvestments

Uganda advances refinery plans with $250 million fuel storage terminal

Uganda fuel storage terminal gets a $250 million investment as the country expands petroleum reserves ahead of a planned refinery.

Timilehin Adejumobi Timilehin Adejumobi
Kenya bets $92.7 million on Mombasa to drive jobs, manufacturing and exports
BusinessHot News

Kenya bets $92.7 million on Mombasa to drive jobs, manufacturing and exports

Kenya is investing $92.7 million in a Mombasa special economic zone expected to create 10,000 jobs and boost manufacturing and exports.

Oluwatosin Alao Oluwatosin Alao
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
BusinessHot News

Dangote offers 30% stake in new $16 billion refinery to East African nations  

Dangote refinery Kenya plan could give East African nations a 30% stake in the proposed $16 billion oil project.

Timilehin Adejumobi Timilehin Adejumobi
Tanzania Agriculture gets $585.45 million in TADB loans
BusinessHot News

Tanzania Agriculture gets $585.45 million in TADB loans

Tanzania’s agriculture sector gets $585.45 million in TADB loans to fund 862 projects and support farmers, agribusiness and food production.

Oluwatosin Alao Oluwatosin Alao
Absa Group
BusinessHot News

Absa expands Tanzania footprint with $2.9 billion banking deal

Absa Tanzania banking deal will create a $3 billion lender, expanding the bank's East Africa footprint and regional banking growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

United Capital enters Ethiopia and Rwanda, becoming the first foreign investment bank permitted to handle investment banking services in Ethiopia.

Omokolade Ajayi Omokolade Ajayi
Asahi Group Headquarter
BusinessHot News

Asahi Group advances $2.3 billion EABL bid with East Africa regulatory approval

Asahi Group nears $2.3 billion EABL acquisition after East Africa regulators waive takeover offer, clearing key M&A hurdle in beverage sector.

Timilehin Adejumobi Timilehin Adejumobi
Uganda's Standard Gauge Railway (SGR)
BusinessHot News

Uganda eyes first Sukuk to fund $3.2 billion railway expansion

Uganda plans its first sovereign sukuk to fund a $3.2 billion railway linking Kampala to Mombasa, boosting East African trade.

Timilehin Adejumobi Timilehin Adejumobi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
Hot NewsBusiness

Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Clean energy push could unlock 32,000 jobs in Mauritius by 2030

World Bank report says clean energy and ocean investment could create 32,000 jobs in Mauritius by 2030.

Omokolade Ajayi Omokolade Ajayi
BusinessTourism

East Africa’s safari operator, SafariCo, plans $72 million lodge expansion in Tanzania

SafariCo plans $72 million lodge expansion in Tanzania, adding 184 rooms and enhancing guest experience and sustainability.

Omokolade Ajayi Omokolade Ajayi