02 August 18

Eritrea, Somalia agree to restore diplomatic ties

Eritrea and Somalia’s leaders have agreed to restore diplomatic relations between the two nations following years of animosity.

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26 July 18

Rwanda signs $300m loan deals with China and India

Rwanda has signed loan agreements worth more than $300 million with China and India as the two Asian leaders made their first visits to the East African nation.

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26 July 18

Ethiopia steps up plans to sell Ethiopian Airlines shares

Ethiopia is stepping up its plans to sell shares in Ethiopian Airlines as it looks to open its doors to foreign investors.

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24 July 18

Kenya: Thousands homeless after Kibera demolitions

Thousands of people in Kenya’s largest slum have been left homeless after days of demolition carried out by the government.

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17 July 18

Tanzania secures $200 million loan from Credit Suisse

Credit Suisse Bank is set to lend Tanzania $200 million for developmental projects, the East African nation has revealed.

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11 July 18

Kenya accuses Tanzania of blocking goods in trade spat

Manufacturers in Kenya are frustrated by Tanzania’s move to place a 25 per cent duty on Kenyan goods, accusing authorities of blocking Kenyan products and causing them huge losses.

10 July 18

Kenya signs deal to recover stolen funds stored overseas

Kenya has signed an agreement with Switzerland that means Nairobi can now recover assets stolen through corruption and stored overseas.

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06 July 18

Djibouti launches Africa’s largest free trade zone – with help from China

Djibouti has launched the largest free trade zone in Africa as the tiny port nation continues its drive to become a global trade leader.

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26 June 18

Kenya: Public debt passes Sh5 trillion, every Kenyan owes at least Sh110,000

Kenya’s public debt has surpassed Sh5 trillion (almost $150bn) which means every Kenya citizen now owes at least Sh110,000 (more than $1,090) to lenders.

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20 June 18

Rwanda posts double-digit GDP growth in Q1 of 2018

Rwanda’s economy grew by 10.6 percent during the first quarter of 2018, according to National Institute of Statistics of Rwanda (NISR).

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