Tag Archives: Economy

22 April 21

Tax hikes and rising fuel prices bite East Africans as Covid-19 lockdown persists

As the corona virus pandemic continues to ravage the world economy, East Africans are set to tread murky financial waters. Kenyans have been dealt with cumulative taxation in the past few years. Furthermore, a crippling debt pile and fuel prices
Read More

cat
11 April 21

Tanzania, Uganda sign oil pipeline project deal

Tanzania and Uganda on Sunday signed the East African Crude Oil Pipeline project agreement that will build a 1,440 km crude oil pipeline will be constructed from Uganda’s Albertine region to the seaport of Tanga in Tanzania.

cat
21 January 20

Djibouti rejects court ruling over handing terminal to DP World

Djibouti has publicly rejected the ruling of a UK court that requires the country to hand back control of a container terminal to Dubai-based port operator DP World.

cat
30 December 19

Ethiopia sets $200,000 minimum spend for foreign investors

Ethiopia has set a minimum threshold of $200,000 for foreigners looking to invest in local businesses and infrastructure projects. The move comes as part of the East African nation’s privatisation plans for the year ahead, part of which welcomes foreign
Read More

cat
18 October 19

Burundi: More than 40 arrested in currency crackdown

More than 40 people in Burundi have been arrested as part of a government campaign targeting black-market currency trading.

cat
17 October 19

World Bank orders Tanzania to pay $185m to Standard Chartered

A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.

cat
02 October 19

South Sudan launches first mobile money service

Technology firms in South Sudan have launched the country’s first mobile money service.

cat
26 September 19

Africa’s tech boom will save economies and ruin lives

A lot is being said about the rise of technologies such as artificial intelligence and automation in every country around the world. Many experts argue that we’re on the edge of an employment crisis as machines continue to take more
Read More

cat
01 September 19

Ethiopia eyes economic reforms to ease forex shortage

Ethiopia’s government says it is considering significant economic reforms as part of an effort to ease the country’s foreign currency shortage.

cat
29 August 19

Tanzania: National Bank of Commerce fined over data rules breach

Tanzania’s National Bank of Commerce has been fined 1 billion Tanzanian shillings (US$435,000) after failing to establish its own data centre.

cat
Search
Newsletter

Follow me on Twitter