The East African economy is projected to grow by 5.1 percent this year with Kenya, Rwanda and Tanzania leading the region’s economic momentum. A report by audit, tax and consulting firm RSM (Eastern Africa) Consulting Ltd, dubbed “The East African Economic Outlook 2024” and presented during the EAC CEO Roundtable on Tuesday in Nairobi, reveals…
Tag: East Africa
Somalia is now a full member of East African Community
As reported by the East African, Jibril Abdirashid Haji Abdi, Somalia’s Minister of Commerce and Industry presented the instrument of ratification to Peter Mathuki, the bloc’s Secretary-General, during an event held at the EAC’s headquarters in Arusha, Tanzania. “Today’s occasion of Somalia depositing the instruments of the ratification with the Secretary-General, will enable Somalia to kick off…
Over about 300 killed as heavy rains wreak havoc across East Africa
Torrential rains and flash floods have ripped through parts of East Africa for several weeks, killing more than 350 people and displacing over 1 million across Somalia, Kenya, Ethiopia, and Tanzania. In Kenya, at least 136 have died and nearly half a million have been displaced, according to the Interior Ministry. Persistent rains since October have affected…
East Africa sustains positive growth with over 114 investment deals in 2023
East Africa’s positive growth experienced in 2022 was replicated in 2023, owing to the private equity (PE) and venture capital investments and exits, which led the way in deal activity last year. In 2022, after East Africa had made tremendous progress in recovering from the COVID-19 epidemic, the growth started to thread upward. Then region…
Youth Urged to Embrace East Africa Agenda
By Earnest Kivumbi Benjamin-updated at 1325 EAT on Saturday 29th April 2023 Kampala Youth have been urged to embrace East Africa agenda during a symposium organised by EMBRACE an acronym for Engendering Movement, Bilateral Relations and Access to Commerce in East-Africa. Speaking to the youth, Malcolm Isaac Bulamu the founder of EMBRACE noted that the…
HICGI News Agency 