Credit Suisse Bank is set to lend Tanzania $200 million for developmental projects, the East African nation has revealed.
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.
Kenya has signed an agreement with Switzerland that means Nairobi can now recover assets stolen through corruption and stored overseas.
Djibouti has launched the largest free trade zone in Africa as the tiny port nation continues its drive to become a global trade leader.
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.
Rwanda’s economy grew by 10.6 percent during the first quarter of 2018, according to National Institute of Statistics of Rwanda (NISR).
International human traffickers are responsible for the rise of beggars across major cities and towns in Kenya, according to officials.
Rwanda and Singapore have signed new investment and airline agreements that will make it easier for businesses to operate between both countries.
South Sudan on Thursday announced a deal with Sudan to repair a number of oil facilities destroyed by conflict in a bid to boost oil production.
Chinese financial powers are cooling on the idea of investing in Ethiopia as the East African nation’s economy faces fresh challenges, according to reports.