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Life Style
US Sanctions Uganda’s Speaker, Minister of State for Finance, for Graft
The United States’ (US) Department of State has sanctioned five Ugandan officials including Speaker of Parliament Anita Among and Minister…
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Life Style
Why Is the IMF Writing Kenya’s Finance Bills?
Multiple sectors have lobbied parliament against proposed tax measures in the Finance Bill 2024, but the feeling is that many,…
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Tanzanian Conglomerate Amsons Group Makes Record $180mn Bid for Bamburi Cement
Tanzanian conglomerate Amsons Group has made a record $180mn (KShs. 23.32bn) binding offer for 100% ownership of Bamburi Cement, valuing…
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EU, US Sanction Rebel Leaders for Conflict in Eastern DRC
The European Union (EU) and US have sanctioned more than ten people, including a high-ranking Rwandan military officer, and two…
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Global Markets Fall after Japan Rate Hike, US Recession Fears
Global markets, including equity and crypto markets, opened this week with record lows as fears that the US is headed…
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Uganda Mulls Listing Power Companies as Umeme’s Concession Nears End
Uganda is considering listing power companies to enable them access more capital, seeking to emulate the success of listed Kenyan…
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Life Style
Bob Geldof’s Private Equity Firm Exits Stake in Ethiopia’s Awash Wines
Private equity firm 8 Miles, associated with Irish rockstar and philanthropist Bob Geldof, has exited majority of its stake in…
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Life Style
Djibouti to Offer Ethiopia Exclusive Port
In a move that might ease simmering tensions in the Horn of Africa, Djibouti has disclosed that it is planning…
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