The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered (SC.com) Tanzania for a US$ 1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora. Running approximately 550 kilometres long, the SGR project is one of the country’s […]
The COMESA Business Council (CBC), Africa Leather and Leather Products Institute (ALLPI) and the AeTrade Group are joining forces to advance the interests and concerns of business, cooperating on matters related to technical skills development, digital business facilitation, trade partnerships and private sector development. This was symbolically done through the signing of the Memorandum of […]
Kenya is host the East African Coffee Business Forum which is scheduled to commence on 11 to 14 February 2020 at the Coast Town of Mombasa. The forum will bring together stakeholders from the Coffee value chain to discuss issues affecting the sector in the East African Countries. According to the statement from the East […]
Uganda will join the rest of the world to celebrate United Nations’ World Wildlife Day on 3rd March 2020 at Ssaza Grounds in Kisoro Municipality, Kisoro District in the Kigezi region. It will be highlighted by the recognition awards for people who have contributed significantly to wildlife conservation in Uganda. On 20th December 2013, the […]
Russia is stepping up plans to set up a military base in the Somaliland Port of Berbera according to reports from the United States Defense Department officials. This comes amid reports that Russia has also held talks with Eritrea with an interest to build a naval logistics centre. Should this materialize, Russia will join China […]
Nairobi is one of the two counties in Kenya that are set to benefit from a Kshs 6.8 billion project aimed at reducing the newborn mortality rate. Alongside Nairobi, Nyeri county will also benefit from the project. The project is being piloted at the Mama Lucy and Nyeri County Referral hospitals. The two facilities will […]
In recognition of the first-ever World NTD Day, the END Fund is bringing together private and public sector stakeholders to imagine a world free from diseases caused by parasitic worms that have held back human progress for millennia. Today, the END Fund announces its Audacious project – the Deworming Innovation Fund – in four strategic […]
The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties. The month-on-month overall inflation remained within the target range in November and December 2019. The inflation rate stood at 5.8 per cent in December […]
The new Corruption Perception Index Report for 2019 that was released recently indicates that Rwanda and Tanzania are performing better when it comes to fighting corruption in the Eastern Africa region. The report produced by Transparency International ranked Rwanda at number 51 while Tanzania at 96. Kenya and Uganda were both ranked at number 137 […]
Uganda government has written to its Kenyan counterparts regarding the confiscated 23 tonnes of Lato Milk products produced by Pearl Dairies Ltd. According to Uganda’s Trade Minister Amelia Kyambadde, through the Foreign Affairs Ministry, they have written to the Kenyan government to give an update and response within 14 days. “Kenya exports more goods to […]
British Prime Minister Boris Johnson is calling for a renewed partnership between the United Kingdom and Africa. Johnson spoke as African leaders challenged UK companies to grab at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities. This was during the opening ceremony of the 2020 UK-Africa Investment Summit, Monday […]
The COMESA Secretariat has been invited to participate at the 2020 China International Fair for Investment and Trade scheduled for early September in Xiamen China. The fair will focus on investment negotiation and policy promotion, coordinated development of national and regional economies, as well as economic and trade exchanges. Asia-Africa Digital Economy Cooperation Forum Executive […]
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity […]