August 22
Kenya: Kenya to Begin Construction of Nuclear Power Plant in 2027 - Mudavadi
Capital FM
Kenya will begin the construction of its inagural nuclear power plant in 2027 in a bid to enhance the country's energy capacity. Read more »
Somalia: Somali Cabinet Introduces New Financial Regulations, Cuts Port Access Fee
Shabelle
In a move aimed at streamlining financial management and boosting economic efficiency, the Somali Cabinet has issued new regulations concerning taxes and national revenue. Read more »
Kenya: Kenyans Assured of Stable Power Supply Amid Suppressed Rainfalls
Capital FM
Kenyans have been assured of affordable and reliable hydroelectric power (HEP) despite recent reductions in rainfall. Read more »
Ethiopia: Ethiopia's Finance Minister Highlights On Ethio-China's Strong Bilateral Cooperation
ENA
Finance Minister of Ethiopia, Ahmed Shide discussed with a delegation led by Sheng Qiuping, Vice Minister of the Ministry of Commerce, People's Republic of China (MOFCOM) in Addis… Read more »
Kenya: Kengen Banks On Effective Water Management to Maintain Affordable Electricity Costs
Capital FM
The Kenya Electricity Generating Company (KenGen) has assured of continued provision of affordable and reliable hydroelectric power (HEP) even after the cessation of rainfail. Read more »
Kenya: Elon Musk's Starlink Targets Kenyans With Rental Internet Kits
Capital FM
American satellite internet provider Starlink has launched a rental option, allowing Kenyans to acquire internet hardwares in installments. Read more »
Rwanda: Secondary School Graduates Urged to Beware of Bogus Rwanda Trade Fair Recruitments
Africa Check
Secondary school graduates urged to beware of bogus Rwanda trade fair recruitments Read more »
Uganda: Museveni Welcomes African Union Team for Agriculture Summit in Kampala
Nile Post
President Yoweri Kaguta Museveni has held discussions with the African Union Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment, Ambassador… Read more »
Seychelles: Seychelles to Host First Business Incubation Centre for African Woman Entrepreneurs
Seychelles News Agency
A business incubation centre will be established in Seychelles next year through a virtual signing of a memorandum of understanding between the COMESA Federation of Women in… Read more »
Ethiopia: Ethiopian Airlines Received a Life Time Achievement Award
Ethiopian Herald
The Ethiopian airline recently received a life time achievement award from the United States Government for its more than 7 decades service all over the world. Beginning in a good… Read more »
August 21
Kenya: Treasury Allocates Sh40bn to Various State Departments Amid Finance Bill 2024 Withdrawal
Capital FM
Treasury has release Shs40 billion to several government ministries as part of their financial allocations. Read more »
Kenya: Relief for Teachers As Govt Releases Funds for 2nd Phase of CBA
Capital FM
The government has released Sh13.5 billion for the implementation of the second phase of the Collective Bargaining Agreement starting July 1, 2024. Read more »
Kenya: Mutua Wants Kenyans Working Abroad to Have Accounts At Home
Capital FM
Labour Cabinet Secretary Alfred Mutua is proposing that Kenyans working overseas should be compelled to have accounts in Kenya. Read more »
East Africa: Kenya to Reintroduce Tax Measures
The Herald
Kenya's government is set to reinstate some of the tax measures that were previously scrapped following deadly protests in June, Kenyan Finance Minister Mr John Mbadi has said. Read more »
East Africa: How Rwanda's Coffee Exports Generated Over $450m in Six Years
New Times
Coffee is one of Rwanda's top agricultural exports and a significant contributor to the country's economy. According to data from the National Agricultural Export Development Board… Read more »
Kenya: Uber Hikes Ride Charges Amid Driver Protests
Capital FM
Ride-hailing platform Uber has increased its trip costs, including minimum fees, in response to criticism from its drivers. Read more »
Uganda: Grant of Tax Waiver to Companies Queried
Independent (Kampala)
Legislators on the Committee of Finance have questioned the manner and criteria the Uganda Revenue Authority (URA)is using to extend tax waivers to companies and individuals. Read more »
Rwanda: Rwanda Central Bank Lowers Key Rate By 50 Basis Points
Daba Finance
TLDR Read more »
Kenya: Regional Subsidiaries, High Operating Income Grow I&m's Profit to Sh6.1bn
Capital FM
I&M Group profit after tax grew by 21 percent to Sh6.1 billion in the half year ended June 30, 2024, compared to a similar period last year, buoyed by high operating income and… Read more »
East Africa: Comesa Bloc Eyes $30 Billion From Leather Sector
Business Day Africa
The Common Market for Eastern and Southern Africa (COMESA) is aiming to boost its annual earnings from the leather sector to $30 billion, according to Nicholas Mudungwe, executive… Read more »
Uganda: The Road Ahead Is Long and Arduous [opinion]
Observer
On Sunday, August 18, residents of Lwengo district gathered for a thanksgiving service. Read more »
Rwanda: I&m Bank Rwanda Records Rwf12 Bn Profit Before Tax in First Half of 2024
New Times
I&M Bank Rwanda generated Rwf12 billion profit before tax in the first half of 2024, rising from Rwf7 billion recorded in the same period last year. Read more »
Rwanda: Trade Minister Sebahizi On Boosting Local Manufacturing, Addressing Market Mismatch [interview]
New Times
Last week, President Paul Kagame appointed Prudence Sebahazi as the new Minister of Trade and Industry under his five-year term. Read more »
August 20
Somalia: Turkey to Begin Oil Exploration in Somalia
Radio Dalsan
Turkey is set to dispatch the research vessel Oruc Reis to explore oil blocks in the Somali Sea next month, according to Bloomberg. Read more »
Somalia: Upper House Debates Reviving Somali Currency and Printing New Banknotes
Radio Dalsan
On Monday, Somalia's Upper House convened its regular session with a sharp focus on the future of the Somali shilling and the urgent need to print new banknotes. Read more »