• GM plans to sell stake in East African unit to Isuzu

    General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu Motors Ltd, as the U.S. carmaker continues to streamline by exiting non-core operations.

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  • Amethis and Metier to invest in East African firm, Kenafric Industries

    Private equity firms Amethis Finance and Metier have partnered to acquire a minority stake in Kenafric food industry.

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  • Egypt, Russia to ink contract on Russian industrial zone in May

    Egypt and Russia are set to finalise a contract to establish a Russian industrial zone in the Suez Gulf Area in May, the country's Trade Minister Tarek Kabil announced on Thursday.

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  • Kenya, Rwanda and Uganda launch tourism portal

    Three countries can now jointly market their tourism products online with the launch of the first joint East African destination portal, visiteastafrica.org.

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  • Explorer strikes Sh165bn worth of gold ore in Kakamega

    British exploration firm Acacia Mining has discovered gold deposits worth an estimated Sh165 billion in Kakamega County, boosting Kenya’s rising profile as a mineral-rich economy.

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  • Lekki Free Trade Zone Developer Expands to Kenya

    Rendeavour, Africa’s largest urban land developer with 12,000 hectares across the continent, has announced an expansion of its multi-million dollar mixed-use development in Nairobi, Kenya. The additional 1,000 hectares will bring the total size of its urban development project, Tatu City, to 2,000 hectares.

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  • Rwanda set to become Africa’s most connected country

    The lack of access to telecommunication services among Rwandans in the rural areas is soon set to be a thing of the past with the launch of a project providing remote populations with the same level of connectivity enjoyed by citizens in developed markets.

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  • Rwanda targets to be the regional Aviation hub

    This week, Rwanda hosted the Africa Aviation 2017 Summit at Kigali Conventional Center. RwandAir, the national carrier of the republic of Rwanda has attracted a lot of attention over the past 5 years, earning a reputation of one of Africa's fastest growing airline. 

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  • Egypt's economic reforms start to bear fruit

    The Financial Times said on Monday that economic reforms in Egypt have started to bear fruit.

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  • Expanding the economic space of Mauritius

    Mauritius has been a pioneer in free zone development. The country adopted this development strategy to boost its economic growth through the successful establishment of the Export Processing Zone (EPZ) in the 1970s and the creation of the Freeport in 1992.

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