March 28
East Africa: The StopEACOP Coalition Condemns the Partial Financing of the East African Crude Oil Pipeline
350Africa.org
The StopEACOP Coalition strongly condemns the financial institutions that have chosen to bankroll the destructive East African Crude Oil Pipeline (EACOP), as announced by… Read more »
Kenya: Kenyan Court Orders Marketforce to Pay $16k for Wrongful Termination
Daba Finance
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Kenya: Lipa Later Enters Administration After Failed Funding, Mounting Debt
Daba Finance
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Ethiopia: Ethiopian Environmental Authority Signs MOU for Building Green HQs and Laboratory Building
ENA
- A Memorandum of Understanding (MoU) signed for designing, consulting, and building consulting a green headquarters and a laboratory for the Ethiopian Environmental Protection… Read more »
Uganda: Spurred By Diversification, Equity Group Delivers Solid 2024 Financial Results
Independent (Kampala)
Equity Group Holdings has registered 12% growth in Profit After Tax to US$377million (Kshs. 48.8 billion) up from US$377million (Kshs. 43.7 billion) for the period ended 31st… Read more »
March 27
Somalia: U.S. Military Target Islamic State With Airstrikes in Puntland, Somalia
Shabelle
The United States Military launched airstrikes against Islamic State (IS) militants in northern Somalia at the request of the federal government, intensifying efforts to counter… Read more »
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Madagascar: African Development Bank Grants $25 Million Trade Finance Facility to Bank of Africa Madagascar
African Development Bank (AfDB)
The Board of Directors of the African Development Bank Group has approved a $25 million Trade Finance Transaction Guarantee Facility for Bank of Africa Madagascar to accelerate the… Read more »
Rwanda: Rwanda Moves to Triple Fuel Depot Capacity
New Times
Rwanda plans to increase its petroleum reserve storage capacity from the current 110 million litres--enough to last for about two months in case of supply disruption--to at least… Read more »
Kenya: Nyeri's Ruringu Stadium Restructured to 15,000 Capacity As Sports CS Assures November Completion
Capital FM
The ministry of sports has restructured construction of Ruringu stadium from 20,000-seater to 15,000 at a cost of Ksh 850 million. Read more »
Somalia: Somalia and China Strengthen Collaboration On Disaster Resilience and Infrastructure Development
Radio Dalsan
In a pivotal meeting held in Mogadishu, Mahmoud Maalin Abdulle, Commisioner of the Somali Disaster Management Agency (SODMA), met with Wang Yu, Ambassador of the People's Republic… Read more »
Kenya: Kenya Gets Sh1.8bn Grant From China to Upgrade Hospitals
Capital FM
Kenya's healthcare sector has receive a boost after the government secured a Sh1.8 billion grant from China to upgrade key hospitals nationwide. Read more »
Somalia: Somalia and China Explore Enhanced Cooperation and Aid in Mogadishu Talks
Shabelle
Somalia's disaster management chief, Mahamuud Moallim, held a "productive" meeting with China's ambassador to Somalia, Wang Yu, in the capital Mogadishu, focusing on deepening… Read more »
Uganda: UMEME Expects $234 Million, Uganda Willing to Give $118m
Independent (Kampala)
Exiting electricity distributors Umeme Limited have issued a statement today saying they expect an estimated buy out amount of $234 million to be paid by Uganda government by March… Read more »
Somalia: Minister of Labour and Social Affairs and FAO Somalia Country Representative Sign Data-Sharing Agreement to Boost Social Protection and Poverty Reduction Efforts
Radio Dalsan
On Wednesday, a significant step towards strengthening social protection and poverty reduction in Somalia was taken as the Minister of Labour and Social Affairs, Hon. Yusuf… Read more »
Kenya: Equity Group Profit After Tax Up 12pc to Sh48.8bn
Capital FM
Equity Group has posted a profit after tax growth of 12 percent to Sh48.8 billion for the full year ending December 31, 2024, boosted by gains earned from regional subsidiaries as… Read more »
Kenya: Jijenge Credit Welcomes Loan Pricing Overhaul Calls
Capital FM
Digital lender, Jijenge Credit limited has backed calls for a common base lending rate being spearheaded by commercial banks, saying the move will offer predictability and… Read more »
March 26
Ethiopia: Nation Envisions WTO Accession Next Year
Ethiopian Herald
ADDIS ABABA -The Ministry of Trade and Regional Integration (MoTRI) has disclosed that Ethiopia is striving to become a World Trade Organization (WTO) member by 2026. Read more »
Uganda: East African Crude Oil Pipeline Project Secures Massive Financial Injection From African Banks
Independent (Kampala)
EACOP, the company in charge of the construction and future operation of the East African Crude Oil Pipeline project from Kabaale in Uganda to Tanga in Tanzania, has got a massive… Read more »
Ethiopia: Over 14,000 Kilograms of Fish Being Harvested Daily From GERD
ENA
The Grand Ethiopian Renaissance Dam (GERD) has created the potential for daily fish production exceeding 14,000 Kilograms, Fisheries Development Desk Head Fasil Dawit disclosed. Read more »
Ethiopia: Ethiopia Shares Its Urban Development Success Stories At UN-Habitat Executive Board Meeting
ENA
A high-level Ethiopian delegation led by State Minister of Urban and Infrastructure, Fenta Dejen took part in the 1st Session of the UN-Habitat Executive Board Meeting in Nairobi,… Read more »
Ethiopia: Major State-Owned Enterprises Briefed On Ethiopia's Ongoing Debt Restructuring Efforts
ENA
The Ministry of Finance has officially briefed major State-Owned Enterprises (SOEs) on the country's ongoing debt restructuring efforts following the recent agreement reached with… Read more »
Ethiopia: Implication of Ethiopia's Last Eight Months' Economic Progress
Ethiopian Herald
Prime Minister Abiy Ahmed (PhD) responded to questions raised by members of House of People's Representatives recently on various issues. Regarding economy, he recalled that the… Read more »
Ethiopia: Ethiopia Invites UK Investors to Seize Lucrative Opportunities
ENA
The Ethio-UK Investment Forum took place today in London, co-facilitated by the Ethiopian Embassy in the United Kingdom and the Institute of Directors Africa Group. Read more »
Uganda: London Is Calling - Kenya Airways & Uganda Airlines to Launch Gatwick Flights - Here's Why It Matters
Capital FM
Two major airlines in East Africa, Kenya Airways and Uganda Airlines are gearing up to launch flights to London Gatwick, marking a major shake-up in the region's aviation scene.… Read more »
Kenya: Kenyan CEOs Optimistic On Growth, AI Integration
Capital FM
Despite geopolitical and trade tensions, Kenyan CEOs remain optimistic about economic growth, with 60 percent expecting global improvement and 48 percent expressing confidence in… Read more »
Uganda: Uganda, Japan Seal Shs121bn Deal for Karuma Bridge Reconstruction
Nile Post
Uganda's Finance Minister, Matia Kasaija, has signed a landmark agreement with the Japanese government to reconstruct the Karuma Bridge. Read more »
