ITFC signs $750m agreements with OIC member countries, others
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has signed 12 major...
Foreign
ICIEC signs $25m contract for dredging project in UAE
Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Signs a US$25m Contract Frustration Insurance Policy with Boksalis...
Inflation easing in Rwanda
The National Bank of Rwanda (NBR) has kept its central bank rate (CBR) unchanged at seven percent, despite International Monetary...
Ethiopia grants licence to Safaricom to launch M-Pesa
Ethiopia has granted Safaricom a licence to launch M-Pesa services in the populous nation that is largely unbanked. The telco...
China maintains stable grain production
Cong Liang, head of the National Food and Strategic Reserves Administration, said that China has maintained steady development in terms...
Kenya to secure another $1bn loan from World Bank
Kenya is standing in line to secure another Ksh136.6 billion ($1 billion) loan from the World Bank as it seeks...
Uganda revives hope for Kenya to extend SGR project to Malaba
Uganda has announced the start of construction of the standard gauge railway (SGR) in August, in a decision that revives...
Tanzania imports 52,000 tonnes of pork yearly
The Tanzania Association of Pig Farmers (Tapifa) has said the east African nation imports 52,000 tonnes of pork annually. Tapifa,...
Global food prices, inflation remain high – World Bank
The World Bank says inflation in food prices remains high globally from January to April. “Available data on food prices...
Ethiopia topples Uganda, Tanzania for Kenya investments abroad
Ethiopia has toppled Tanzania and Uganda as the leading destination of Kenya’s investment abroad, buoyed by the expansion of local...
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