Category: Business

The investment is meant to facilitate businesses and projects in different areas including electricity, clean energy, regional airports, Dar es Salaam port, clean water around Lake Victoria and the blue economy agenda in Zanzibar.

Dubai, renowned for its towering skyscrapers and ultra-luxury villas, saw record real estate transactions in 2022, largely due to the influx of wealthy investors, especially from Russia.

<p class="align--justify">A study on discriminative taxes in the East African Community shows that Burundi and South Sudan, whose economies are smaller than the other four EAC counterparts, have been unable to make good sales in the region due to the irregular excise.</p>

Pressure has been mounting on the Kenyan government to reduce the high cost of living triggered by rising food and fuel prices.

The public-private partnership (PPP) project is being developed by pan-African investment firm Africa50, with Power Grid Corporation of India Limited being a technical and minority equity partner.

The multilateral lender said Kinshasa’s mining yields rose 20 percent last year, compensating for the “downward revision to non-extractive growth,” which is now projected to increase by 3.2 percent, a drop from last year’s 3.7 percent.

The announcement of the closure, which was made two weeks ago, did not come as a surprise, going by the trend of recent exits by South African retail brands such as Shoprite, Massmart and their Botswana-based counterpart Choppies.

Traditionally reliant on the West and each other, East African countries were specifically hurt during the Covid-19 pandemic as travel restrictions slowed down visits. The pandemic also hurt the region’s desire to expand tourism markets beyond the traditional sources, and China had been one of...

The International Air Transport Association (IATA), said the reclassification of Mogadishu Flight Information Region to Class A airspace, will improve safety through improved situational awareness for pilots flying through the country’s upper airspace.

The three other rigs will be installed at Tilenga.