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East Africa

Kenya’s Economy Expands by 4.9% in Q1 2025

Kenya’s gross domestic product (GDP) expanded by 4.9% in the first quarter of 2025, maintaining the same growth rate recorded during the corresponding period...

Ethiopia Opens Banking Sector to Foreign Investment After 50-Year Ban

In a landmark policy shift, Ethiopia has officially announced it will allow foreign banks to operate within its borders, marking the first time in...

East and Southern Africa Shine at 2025 World Travel Awards in Dar es Salaam

Tanzania, Kenya, and South Africa emerged as standout winners at the 2025 World Travel Awards (WTA) Africa edition, held in Dar es Salaam, reaffirming...

Ethiopia to Begin Trading Under AfCFTA on July 1 Amid Ongoing Foreign Exchange Pressures

Ethiopia will officially commence trading under the African Continental Free Trade Area (AfCFTA) on July 1, 2025, in a significant step toward deepening its...

Hemingways Hospitality Expands into Rwanda with Acquisition of Heaven Holdings

Hemingways Hospitality, a leading luxury hospitality group based in Nairobi, has officially entered the Rwandan market with the acquisition of Heaven Holdings, a respected...

Tanzania’s New Transmission Line Positions Country as Regional Energy Hub

Tanzania is emerging as a key player in regional electricity trade following the completion of the Iringa–Shinyanga transmission line, a major infrastructure project backed...

Kenya’s Equity Market Rallies 5.2% as Foreign Investor Activity Rebounds

Kenya’s equity market experienced a notable rally during the week ending February 17, 2025, with the Nairobi All Share Index (NASI) climbing 5.2%, driven...

Nduruma Polo & Country Club: East Africa’s Untamed Elegance

Tucked away in the lush Usa River valley near Arusha, Nduruma Polo & Country Club is Tanzania’s best-kept luxury secret, where sweeping savannah views...

Rwanda’s Capital Market Authority Drives Innovation and Youth Engagement in Financial Markets

Rwanda’s Capital Market Authority (CMA) is intensifying its efforts to modernize the country’s financial ecosystem through a combination of market innovation, digital transformation, and...

Somalia’s Entry Set to Deepen Regional Capital Markets

Somalia’s integration into the East African Securities Exchanges Association (EASEA) signals a new phase in regional financial market development. The Somali Stock Exchange (SSE),...

Tanzania Opens Airspace Amid EU Ban: A Turning Point for Aviation Reform

Tanzania’s aviation sector is undergoing a significant shift following the recent ban imposed by the European Union on all Tanzanian-certified airlines. The move by...

Kenya Moves to Regulate Fintech Lending Under Central Bank Oversight

Kenya is rolling out a comprehensive regulatory framework for digital lenders, as the country aims to bring the rapidly growing fintech credit sector under...
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