East Africa

President Kagame appoints Jean-Guy Afrika as new CEO of Rwanda Development Board

by Paul MurungiAfricaAfricaCEOsEast AfricaFinanceIndustry & AnalysisNews & AnalysisProfilesThe Big StoryJanuary 13, 2025January 13, 2025

Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB)…

Mastering Trust Establishment in Rwanda for Wealth Protection and Business Growth

by Claude NshimiyimanaEast AfricaThought LeadershipJanuary 1, 2025January 1, 2025

As Rwanda solidifies its position as a key financial hub in East Africa, the establishment of trusts has become an increasingly relevant topic for both individuals and businesses. The introduction…

EACOP’S Tanga Oil Export Hub impresses Ugandan Officials as Completion nears

by Brian EmorutEast AfricaGovernment AgenciesMining/Oil & GasThe Big StoryDecember 24, 2024December 24, 2024

Extensive progress has been made on the East African Crude Oil Pipeline (EACOP) project, with the construction of a high-tech oil export terminal in Tanga – Tanzania, attaining crucial targets….

Simon Kaheru, Oscar Kamukama, Bruce Mpamizo and Kenneth Ayebare elected to East Africa Business Council’s Uganda Chapter

by Brian EmorutEast AfricaIndustry & AnalysisNews & AnalysisThe Big StoryDecember 4, 2024December 4, 2024

The Uganda Chapter of the East African Business Council (EABC) has reaffirmed its commitment to fostering regional economic integration, with the election of new representatives during the Chapter’s Annual General…

Equity Group Holdings PLC Reports 3rd Quarter 2024 Profit After Tax of Kshs 40.9 Billion

by Brian EmorutAfricaCompany NewsEast AfricaFinanceThe Big StoryNovember 12, 2024November 12, 2024

Against a backdrop of continued macroeconomic headwinds of high interest rates and volatile exchange rates across the markets that the Group operates in, Equity Group Holdings Plc (EGH) continues to…

Q&A: John Rotich on Yara East Africa’s Strategic Mission to Revolutionise Farming and Empower Communities

by Brian EmorutAgricultureCompany NewsEast AfricaQ + AsOctober 28, 2024October 30, 2024

In Uganda, agriculture is the leading employer of the country’s largest labour force. In FY 2022/23, agriculture accounted for about 24% of GDP and 35% of export earnings. The Uganda…

Who is Gautam Adani, the Indian Multi-Billionaire Behind the Controversial Kenya Airports Deal?

by Jonathan LAfricaBusiness GuruCEOsEast AfricaGlobal NewsHospitality & TourismProfilesThe Big StoryAugust 27, 2024August 27, 2024

In a move that sparked widespread controversy, the Kenyan government recently announced a $2.047 billion deal with Adani Airport Holdings Ltd., an Indian conglomerate founded by Gautam Adani, to expand…

Rwanda Has Extended its Import Tax Exemptions on Electric Vehicles to 2025.

by Jonathan LAfricaEast AfricaGlobal NewsGovernment AgenciesIndustry & AnalysisMinistries, Agencies & DepartmentsNews & AnalysisStartupsAugust 7, 2024August 7, 2024

The Rwandan government has renewed its commitment to promoting electric mobility by extending the zero-rated import duty on electric and hybrid vehicles until the end of the fiscal year 2024/25….

Rwanda’s New Ambitious $2Bn International Airport’s Ground-level Works 85% Complete.

by Jonathan LAfricaEast AfricaHospitality & TourismIndustry & AnalysisNews & AnalysisJuly 22, 2024July 22, 2024

The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed…

A Credit Rating Agency for Africa to Rival Moody’s and Fitch, Set to be Launched in 2025.

by Jonathan LEast AfricaGlobal NewsIndustry & AnalysisNews & AnalysisJuly 22, 2024July 22, 2024

A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and…