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
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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.
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.
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
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More than 40 people in Burundi have been arrested as part of a government campaign targeting black-market currency trading.
A World Bank arbitration court has ordered Tanzania to pay $185 million to Standard Chartered over the breach of an energy contract.
Technology firms in South Sudan have launched the country’s first mobile money service.
Ethiopia’s government says it is considering significant economic reforms as part of an effort to ease the country’s foreign currency shortage.
Tanzania’s National Bank of Commerce has been fined 1 billion Tanzanian shillings (US$435,000) after failing to establish its own data centre.
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
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