Category: Business

According to the newly released Container Port Performance Index (CPPI) 2023, increasing business bottlenecks in the Djibouti port, a facility touted as the region’s maritime hub, resulted in a drastic drop from position 26 in 2022 to 379 in 2023.

Eacop is a $5 billion infrastructure project meant to transport 230,000 barrels of oil per day at peak production from oilfields in western Uganda to the Chongoleani peninsula near Tanga Port in Tanzania. Laying of the pipeline is expected to start “this summer”, TotalEnergies said...

When fresh cash calls for the project came in last month, the Eacop shareholders dug deep to raise money and avert the project’s stalling – a situation that would impact the set timelines for production and export of crude from Uganda’s oilfields in the Lake...

The Nairobi Securities Exchange-listed insurer expects to complete the entry in the next six to eight months pushing its geographical presence to eight countries.

East Africa’s economic growth is projected to pick up from 3.5 percent in 2023 to 5.1 percent in 2024 and 5.7 percent in 2025, according to the African Development Bank, buoyed by infrastructure development and increased regional trade.

The report titled ‘A world of Debt’ published by the United Nations Conference on Trade and Development (Unctad) reveals that the share ODA has given in form of loans instead of grants has increased by over six percent since 2012.

The assurance was provided in a joint declaration between leaders of South Korea and counterparts or representatives from 48 countries attending the Korea-Africa Summit.

The African Economic Outlook report published by the African Development Bank (AfDB) this week shows that East Africa is on course to topple West Africa as the fastest growing region on the continent, despite multiple headwinds.

Official data in the Kenya Economic Survey shows that reported cases of crime hit 104,842, a 19 percent rise from last year.

The Belgian firm Coil and Coppleters NV JV, has 12 months (upto May 2025 to complete the preparatory works. The Bukasa Port, which was expected to be complete in 2019, has faced delays in procurement after lenders ring-fenced the contract to Belgian firms only, which...