Category: East Africa

Kenya Power said on Monday a technical fault at one of its substations in the north of the capital has caused an electricity outage that was affecting Nairobi, Mount Kenya and Coast regions. Kenya Power said its technicians were working to restore the supply as soon as possible. “A technical fault occurred at a Kenya…

Egyptian investment firm Qalaa Holdings has confirmed that it is talking to several local and international investors as it seeks to sell its stake in Rift Valley Railways. The Business Daily on Wednesday reported that a consortium of local firms has made a $133 million bid to buy an 80 per cent interest in the…

The number of tourists visiting Tanzania rose 10.4 percent in the 10 months to October compared with the same period last year, the finance and planning ministry said on Friday, despite higher prices for some attractions. Tourism is the main source of foreign currency in Tanzania, best known for its beaches, safaris and Mount Kilimanjaro.…

A section of Civil Society actors have voiced their displeasure at the decision by President Museveni to pay out part of the Shs6 billion oil tax money to selected government officials in “recognition of their efforts” to recover Capital Gains Tax. Mr Julius Mishambi, the director of programmes at the Uganda Debt Network, says the…

A lot went on in the agriculture and livestock sector in 2016 – the sector where about 70 percent of Rwandans derive their livelihood. On average, agriculture contributes about 33 percent to Rwanda’s Gross Domestic Product (GDP) between 2007 and 2014, as per the National Institute of Statistics of Rwanda (NISR). In the financial year…

A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa. The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid expansion of mobile money has lifted…