Tag: East Africa

Uganda-Kenya Coast Tourism Summit
TourismBusinessInvestments

Uganda and Kenya sign three deals to boost tourism, trade and investment  

Uganda-Kenya tourism deals aim to grow visitor numbers, trade and investment through three agreements signed in Mombasa in October.

Timilehin Adejumobi Timilehin Adejumobi
B.L. Agro Industries
InvestmentsBusiness

India’s BL Agro bets $739 million on Tanzania’s agriculture boom

BL Agro Tanzania investment will channel $739 million into agriculture, edible oils and food manufacturing over 10 years.

Timilehin Adejumobi Timilehin Adejumobi
Bisedge Warehouse
BusinessCompanies

Bisedge gets $11 million Finnfund loan for African fleet expansion

Bisedge Finnfund loan provides €10 million ($11 million) to expand electric material handling fleets in Nigeria and East Africa.

Timilehin Adejumobi Timilehin Adejumobi
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