Home East Africa

East Africa

South Sudan cabinet wants big spending boost to heal divisions

The cabinet approved a budget proposal for the 2016/17 fiscal year that caps government spending at 29.6 billion South Sudan pounds ($520 million), a 187 percent rise over the year that ended on June 30.

Kenya's biggest bank shares slump again after rates cap

KCB's shares were trading at 27 shillings ($0.2665) each while shares of Equity traded hands at 29.50 shillings as of 0648 GMT.

Kenyan bank shares fall after lending rates capped

Shares in KCB Group, which operates Kenya's biggest bank by assets, fell 9.9 percent to trade at 29.50 shillings ($0.2912) per share. Shares in Co-op Bank of Kenya and Equity Bank were down by a similar margin.

Africa’s first Coltan separation plant to be built in Rwanda

“The reason most African mineral resources are exported as raw material is due to a low level of industrialisation in the local sector."

U.S. seeks progress in deploying new U.N. troops to South Sudan

U.S. Secretary of State John Kerry said on Monday that South Sudan's leaders needed to recommit to a peace deal.

How this young woman worked to end child marriages in Tanzania

Each year, 15 million girls are married before the age of 18.

FEATURE: The scrap of paper that brings peace to Tanzania's small farmers

"This document means a lot to us. Our land is now secured and we do not expect any conflicts with our neighbours."

Ethiopia's Lilesa gestures in support of Oromo protests at finish line

Plans to allocate land surrounding the capital for development prompted fierce demonstrations in November and spread for months.

Kenya's central bank warns lenders over misuse of credit bureaus

Kenya's central bank threatened commercial banks with legal action if they submit inaccurate or incomplete data to credit reference bureaus.


Telkom, Samsung team up with South African government to track those with COVID-19

South Africa’s Telkom, Samsung and the government have teamed up to develop a track and trace database to identify the whereabouts of people who may have contracted coronavirus.

Coronavirus shutdowns will permanently alter Australian retail: Alceon | Squawk Box Europe

Richard Facioni of Alceon Group expects a slow rebound for physical retail outlets when coronavirus restrictions ease, with a permanent shift to online offerings.

To say China’s economy is rebounding is ‘misleading’: Economist | Street Signs Asia

Alternative data on China's trading and consumer behaviors suggest that the pace of China's economic normalization is much slower than the pace of slowdown when coronavirus hit, says Richard Yetsenga from ANZ.

Is the S&P 500 likelier to hit 2,900 or 1,800 by the end of 2020? | Capital Connection

Stephane Monier of Lombard Odier Private Bank outlines the two scenarios which could play out for the markets, and gives his potential targets for the S&P 500 under each one.

Expecting deep recession followed by sharp recovery: Goldman Sachs strategist | Squawk Box Europe

Silvia Ardagna, managing director of the investment strategy group at Goldman Sachs Private Wealth Management, shares her outlook for the economy amid the coronavirus crisis.