Latest News East Africa

News

27/06/2023 at 16h49, by Africa Business+

Aroni Chaudhuri (Coface): “Kenya risks defaulting on its external debt; it has to repay its $2 billion Eurobond, which matures in June 2024”

Aroni Chaudhuri, an economist specialising in Africa at French credit insurer Coface, which has forecast...

Maritime transport

22/06/2023 at 13h45, by Africa Business+

Kenya: the tedious process of awarding port concessions restarts

For several years, the government in Nairobi has been trying to find private managers for its ports,...

Construction & Infrastructure

22/06/2023 at 12h38, by Africa Business+

Alain Rubayiza confirmed as Egis Group leader in Rwanda 

The appointment will be made official next week as part of a business mission to Kigali organised by Medef...

Renewable energies

20/06/2023 at 17h07, by Aurelie Benoit

Tas Anvaripour signs Neo Themis’ first projects in Djibouti

At a time when the tiny Horn of Africa nation is looking to green its electricity production, spurred...

Private Equity

15/06/2023 at 16h08, by Africa Business+

Nkontchou brothers to launch Enko Capital in Rwanda

The two brothers of Cameroonian origin applied for a license in the first half of the year, aiming to...

Large-scale distribution

14/06/2023 at 17h15, by Africa Business+

Mitsui seeks $50 million to back Kenyan B2B startup Kyosk 

After taking a minority stake in the startup launched by one of Jumia’s co-founders last April, the...

Energy

13/06/2023 at 15h10, by Africa Business+

Biofuels: ENI studies feasibility of Mombasa refinery conversion

Kenya Petroleum Refineries Limited (KPRL), under government control since 2013, has not operated for...

Renewable energies

13/06/2023 at 14h01, by Africa Business+

Mini-grids: Engie seeks $22m MIGA guarantee in Uganda

The French energy company is developing a portfolio of 45 mini-grids, eventually providing 4MW of solar...

Renewable energies

08/06/2023 at 17h42, by Africa Business+

DR Congo, Cameroon, South Africa, Uganda : Paul Hinks’ Symbion Power to invest $1bn in hydropower

This is the roadmap the former chairman of the Corporate Council on Africa has set out for his new company...

Bank

01/06/2023 at 17h43, by Africa Business+

NMB returns to IFC for $100m advance

The Tanzanian bank, partly owned by investment company Arise BV, needs funds to revive itself in the...

Land transport

26/05/2023 at 18h37, by Africa Business+

Jules Samain, CEO of Spiro electric motorbikes: “We have passed the million battery exchange milestone, and we are planning to raise further funds”

Launched barely a year ago, Spiro is now the leader in electric mobility in Africa, with 7,000 two-wheelers...

Bank

25/05/2023 at 16h55, by Africa Business+

Ethiopia’s Dashen Bank seeks international funding from FMO 

Dashen Bank is on the verge of receiving dollar funding, a package that will benefit local farmers,...

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