Category: Business

East African Community (EAC) Secretary-General Dr Peter Mathuki said the Council of Ministers is expected to plan on the location of the EAMI this year.

The Chinese firm failed to convince Beijing to finance it so Kampala terminated the contract in November 2022, and has now opted for a different financing model with Yapi Merkezi of Turkey. The Turkish firm which, incidentally, is building part of the Tanzanian SGR network,...

The National Treasury is banking on a ceasefire between the two-neighbouring Eastern European nations to jump start the recovery of an economy battered by roaring inflation, weakening shilling, high cost of living and mounting debt service obligations.

Nairobi has effected a ban on importation of trucks of up to 30 tonnes older than three years ostensibly to comply with the Transport Climate and Clean Air Coalition’s Global Sulphur strategy, which seeks to cut emissions by 2030.

Proposed in 2014, the UKCOP was to benefit the two neighbouring countries through cost sharing of infrastructure projects and revenues from oil exports.

In a report on the economy's performance, the Central Bank of Uganda said the rising cost of debt repayments meant there was growing "liquidity pressures on the domestic revenues to finance the domestic debt liabilities at the expense of other priority budgetary items."

A new surveillance report by Dutch network company Surfshark shows that Kenya and Uganda are among countries that have recorded the most cyber threats in the run up to the festive season, occasioned by ‘Black Friday’ and Christmas offers.  

What is the World Bank’s assessment of the socioeconomic reforms in Somalia so far?

Faced with low economic growth, high inflation and increased lending rates stimulated by tight monetary policy actions, banking industry insiders have hinted on modest profit growth for 2022, against the optimism at the beginning of this year.

No one at that meeting understands African aviation more than Mr Tewolde, who was the Group CEO of Ethiopian Airlines for 11 years until March this year, when he suddenly retired for “health reasons.”