Ethiopia has secured a major investment partnership with Nigeria’s Dangote Group, one of Africa’s largest conglomerates, to build a $2.5 billion fertiliser plant in the…
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Category: Business
Business
South32 Risks $372M Loss as Mozal Smelter Faces Closure
Australian resources company South32 Ltd is bracing for a potential shutdown of its flagship Mozal aluminium smelter in Mozambique, after failing to secure a sustainable…
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Mobile Money Payments Now Available for Flydubai Travelers in Kenya and Uganda
In a strategic move to enhance payment accessibility for its East African customers, flydubai has announced a partnership with Network International (Network), a leading enabler…
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Sustainable Logistics in East Africa: DHL and Scania Lead the Way
DHL, a global leader in logistics, has joined forces with Scania, a renowned manufacturer of heavy-duty vehicles, to revolutionize logistics in East Africa. This partnership…
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Tanzania Expands Gold Reserves Through Domestic Purchases
Tanzania has ramped up efforts to strengthen its gold reserves by implementing a domestic gold purchase programme, a move aimed at enhancing financial security and…
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Shadowy Firms Earn Sh1.45bn from eCitizen Transactions
Shadowy Firms Earn Sh1.45bn on eCitizen Concerns have emerged over the earnings of shadowy firms linked to Kenya’s eCitizen platform, with reports indicating they have…
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Kenya Considers Centralized Reporting System for Bond Trading
Kenya is exploring the implementation of a centralized reporting system for bond trading to enhance transparency and efficiency in the financial markets, officials have revealed.…
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EU Strengthens Stance on Rwanda Amid Congo Conflict
The European Union has intensified its position on Rwanda’s alleged involvement in the ongoing conflict in the Democratic Republic of Congo (DRC), further straining diplomatic…
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World Bank’s Sh10bn Deal to Expand Home Electrification
World Bank’s Sh10bn Deal to Light Up Homes The World Bank has signed a Sh10 billion agreement to boost home electrification in Kenya, a move…
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East Africa Business Reforms Drive Profit for Godrej Consumer
Godrej Consumer Products Limited (GCPL), a leading global FMCG player, has reported gains in its shares, following the announcement of a strategic reorganization of its…
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