It has not taken Kenya’s new president long to turn his attentions to the monopoly enjoyed in the dairy sector by his predecessor, Uhuru Kenyatta. Ruto’s main target is Brookside Dairy, the family business that has blossomed over the last […]
Kenya Kwanza Government, according to Deputy President Rigathi Gachgaua, requires time to straighten up the country’s economic crisis. Speaking in Kericho on Sunday, he chastised critics, stating that they could not begin overnighting work that had not yet been finished. “Our […]
Burundi’s declining foreign exchange holdings are putting the nation in a desperate situation that requires an immediate revision of its monetary policy as a result of excessive inflation. As part of measures to “modernize” the nation’s foreign policy and permit […]
Residents and businessmen in South Sudan’s Kaya town in Morobo County, Central Equatoria State, have praised the revival of commerce in the border town, claiming that restaurants, hotels, gas stations, and stores had reopened after a six-year hiatus. According to […]
The United States has surpassed Uganda as the largest buyer of Kenyan goods, putting an end to Kampala’s dominance as Kenya’s top export market. According to official data, exports to the United States increased 47 percent to Sh38.8 billion in […]
Members of parliament have expressed alarm over Uganda’s state debt, which has risen by 22% from Shs 56.938 trillion in FY 2019/20 to Shs 69.513 trillion in FY 2020/21. The MPs have requested that the administration implement procedures to guarantee […]
Stanbic Bank clients may now anticipate flexible loan conditions, including an enhanced loan duration of up to 84 months and zero percent arrangement costs on all wage loans, the bank said on August 30. The promotion is a follow-up to […]
Tanzania may join Kenya on a list of countries that will be excluded from the Chinese debt relief arrangement at the end of this year due to their lower-middle-income status, despite the fact that the East African states face an […]
A humanitarian disaster is unfolding in East Africa, which is in the grip of its worst drought in at least four decades. More than 80 million people across Somalia, Ethiopia, Kenya, Sudan, South Sudan, Uganda, and Djibouti are food insecure, and […]
The Minister of Finance and Planning said that he would no longer provide bank overdrafts and will instead inject additional US dollars into the market. Dier Tong Ngor also said that in order to stabilize the economy, the government would […]
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