Tag: East Africa

Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
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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)
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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.
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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
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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
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IBL Group revenue hits $1.5 billion as regional diversification drives growth

IBL Group posts $1.5 billion revenue as regional diversification boosts profit and cuts net debt, driven by retail and overseas operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Foreign investors targeted for $2B Kenya Airways rescue as Ethiopian Airlines posts $4.4B revenue

Kenya Airways plans $2 billion investment; Ethiopian Airlines reports $4.4 billion revenue, growing passenger and cargo operations.

Omokolade Ajayi Omokolade Ajayi
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China opens market to 400 Tanzanian agricultural exporters

China has approved 408 Tanzanian agricultural exporters, giving farmers and companies wider access to the Chinese market after months of trade coordination.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Mauritius-based flower farm to receive $13 million for expansion in Ethiopia, Kenya

Mauritius-based Star Bright Holdings is set to receive $13 million from IFC to expand flower farms in Kenya and Ethiopia sustainably.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

East Africa pulls ahead as Africa’s growth leader amid global uncertainty

East Africa is set to lead Africa’s growth in 2026, supported by investment, trade links and steady expansion despite global uncertainty.

Omokolade Ajayi Omokolade Ajayi
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Patient investors in this Church-founded Tanzanian bank have nearly tripled their money since early 2026

Shares of church-founded Maendeleo Bank Plc have surged nearly 180 percent since early 2026, tripling returns for patient investors in Tanzania.

Editorial Team Editorial Team