August 06
Ethiopia: Punitive Measures Will Not Stabilize Fore-Ex Market Induced Panic in Product Market [opinion]
Addis Standard
It's now been a week since Ethiopia liberalized its forex market. Shortly after the news broke, policymakers faced two major tests. The first challenge was the timing of the policy… Read more »
Tanzania: EU to Release 100bn/ - for Sectoral Reforms in Tanzania
Daily News
The European Union (EU) has announced a substantial financial payment of TZS 97 billion (EUR 33.12 million) as a grant to support the Government of Tanzania's ongoing sectorial… Read more »
Somalia: Somalia and Türkiye Strengthen Bilateral Ties and Cooperation in Key Areas
Radio Dalsan
Somalia and Türkiye have reaffirmed their commitment to enhancing bilateral ties and cooperation across critical sectors for the mutual benefit of both nations. Read more »
Rwanda: How Rwanda Can Attract More Renewable Energy Investments
New Times
Rwanda boasts abundant sunlight, wind, and geothermal resources, but like many African nations, faces hurdles in harnessing clean energy. Read more »
Tanzania: Why Tripartite Free Trade Area Will Be Global Target
Daily News
THE economy of the COMESA-EAC-SADC countries will be a target for global businesses after forming the region's Tripartite Free Trade Area (TFTA) agreement. Read more »
East Africa: EAC Seeks to Address Distribution Challenges
Daily News
STAKEHOLDERS from the distribution sector in the East African Community (EAC) region have gathered in Kenya, to discuss and tackle the challenges confronting the sector. Read more »
Tanzania: Tasac Tackles Tanzania-Comoros Maritime Hurdles
Daily News
THE Tanzania Shipping Agencies Corporation (TASAC) is taking decisive steps to improve maritime transportation between Tanzania and the Comoros Islands. Read more »
Uganda: Govt Mobilises Additional Funding to Support Uganda Development Bank
Observer
The ministry of Finance has pledged to capitalise Uganda Development Bank (UDB) with an additional Shs 55 billion in a bid to bolster access and affordable financing options for… Read more »
Kenya: Meta Rolls Out in-Stream Ads & Ads On Facebook Reels in Kenya
Capital FM
Meta has announced the launch of two new monetization features for eligible creators in Kenya: In-Stream Ads on Facebook and Facebook Ads on Reels. Read more »
Kenya: Sing'oei Roots for Firm Regulation of Protests On Account of Economic Cost
Capital FM
Foreign Affairs Principal Secretary Korir Sing'Oei has called for the regulation of protests in Kenya citing the economic impact of recent demonstrations. Read more »
Tanzania: Tib Bank Rebounds With 5.6bn/ - Profit in Q2
Daily News
DAR ES SALAAM: TIB Development Bank has marked a significant turnaround, emerging from a period of financial strain to report a net profit of 5.6bn/- for the quarter ending June. Read more »
Rwanda: What Can Rwanda Do to Reduce Its Trade Deficit?
New Times
Experts say that Rwanda should invest more in the services sector to increase foreign capital inflows and put more efforts in export diversification in order to reduce the… Read more »
August 05
Uganda: World Bank Must Stand Firm on Uganda
allAfrica
As the World Bank considers resuming lending to Uganda despite the country’s recent enactment of the Anti-Homosexuality Act (AHA), it is imperative to recognize the potential… Read more »
Kenya: Govt Sets Aside Sh3.5bn for Police, Prisons Salary Increment
Capital FM
The government is on course to fulfill its promise of salary increase for prison officers and police personnel effective this month after 3.5 billion Shillings aimed at improving… Read more »
Kenya: New AI Tools to Help Small Pharmacies Access Financial Services
Capital FM
Microsoft has teamed up with Kenyan start-ups Zendawa and Flapmax to deploy AI-powered solutions in the health sector. Read more »
Kenya: KPA Acquires Sh102.9mn Container Handling Machines
Capital FM
The Kenya Ports Authority (KPA) has acquired four more Rubber Tyred Gantry Cranes (RTGs) at the port of Mombasa. Read more »
Ethiopia: A Story Within a Story - the Making and Unmaking of Ethiopia's Imperial Messiah [analysis]
African Arguments
This unauthorised biography of Abiy Ahmed is a nuanced, unsparing examination of a leader trying to hold together a republic being undone by its imperial legacy. Read more »
Ethiopia: Over 550 Billion Birr Additional Budget to Be Approved By Ethiopia's Parliament
ENA
Ethiopia's Ministry of Finance has announced preparations to present an additional budget of over 550 billion Birr to be approved by the House of People's Representatives for the… Read more »
Uganda: Boda Boda Riders Tipped On Road Safety in Entebbe
Nile Post
Various groups that bring together commercial motorcycles for public transport commonly known as boda boda riders have been tipped on road safety measures in Entebbe to curb the… Read more »
Kenya: Kenya's Private Sector Activity Deteriorates On Gen Z-Led Protest
Capital FM
Private sector activities in Kenya last month saw a sharp decline, weighed down by Gen Z's countrywide protests that disrupted business operations. Read more »
Ethiopia: Ethiopia's Foreign Currency Market Liberalization: Does the Move Meet Ethiopia's Long-Term Economic Goals? [opinion]
Addis Standard
Ethiopia has a rich historical legacy when it comes to the introduction and use of currencies. The issuance of modern banknotes by the Bank of Abyssinia in 1915 marked a… Read more »
Ethiopia: Critique of Ethiopia's Macroeconomic Policy: a Comparative Analysis [opinion]
Addis Standard
Ethiopia's recent decision to allow the Ethiopian birr (ETB) to float freely against the US dollar (USD) marks a significant shift in its economic strategy. As of August 3, 2024,… Read more »
Kenya: British Firm Kal to Start Making Photocopy Papers in Kenya After CAK Deal
Capital FM
British Virgin Islands firm Kingsbourne Assets Limited (KAL) will start making photocopy papers in Kenya after the Competition Authority of Kenya (CAK) approved a joint venture… Read more »
Kenya: Manufacturing, Education Workers See Income Gains Outpacing Other Sectors
Capital FM
The ICEA Lions has revealed that respondents working in the manufacturing and education sectors have had the highest proportions of improved incomes in the second quarter of 2024. Read more »
August 04
Kenya: Kenyan Youth Benefit Less From Economic Growth - New Report
Capital FM
Despite being the majority, Kenyan youth have benefitted less from the robust economic development the country has experienced in the last decade. Read more »