Kenya and Somalia have agreed to normalise bilateral relations starting with the restoration of the issuance of travel visas on arrival arrangement for citizens of the two nations.

The restoration of the visa on arrival arrangement is aimed at enhancing free and unhindered movement of people and commerce between Kenya and Somalia.

READ ALSO:Is oil wealth pitting Kenya against Somalia?

The agreement was reached during a meeting between Presidents Uhuru Kenyatta and Mohamed Abdullahi Mohamed of the Federal Republic of Somalia on the sidelines of the just concluded Nairobi ICPD25 summit.

During the meeting, the two leaders reaffirmed the invaluable relations that exist between Kenya and Somalia and agreed to explore avenues of strengthening bilateral and diplomatic ties between Nairobi and Mogadishu for the benefit of the citizens of the two nations.

President Mohamed conveyed his gratitude to President Kenyatta for the role Kenya continues to play in the …

The Tanzanian gaming sector has been taking tremendous shifts over the past five years, witnessing various investors taking a bite into Tanzania’s gaming market with open hands.

According to the ongoing prospects in the gaming industry in Tanzania, it is worth exploring the scenario that: gaming activities might have a substantial contribution to Tanzania’s Revenue Authority (TRA) tax collections.

More importantly, the Tanzanian government is having an all-out strategy to enhance its revenue collection, hence—it managed to score an all-time record of $ 762.4 million tax collection in September 2019.

Per Tanzania’s Ministry of Finance and Planning report, during the financial year 2018/2019, Tanzania garnered over $ 6 billion in tax revenue, whereas—the Gaming Board of Tanzania (GBT), indicates that the sector’s contribution to the government reached over $ 41 million in the fiscal year 2018/2019, compared to $ 33 million in 2017.

The gaming industry has witnessed a …

Exports from Tanzania have slightly increased, according to a recent economic review from the National Bureau of Statistics (NBS).

NBS’ second-quarter report, indicates that the economy has grown to 7.2 percent, anchored by the Information and Communications Technology (ICT), construction and water sectors, hence—still the external sectors records significant deficits, sparked by importation of higher goods imports.

The report showed that the overall balance of payments was a deficit of $37.7 million in the year ending September 2019 compared with a deficit of $276.4 million in the year ending September 2018. Meanwhile the current account deficit widened to over $2,1 billion from over $1.8 billion, owing to higher goods imports, particularly capital and intermediate goods which are used for production.

However, on the other side of the sector, the report argues that: Tanzania’s holds sufficient reserves to sustain its operations for over 6.1 months of projected imports of goods and …

Plans to construct the first state-of-the-art Kigali Central Sewerage System plant by 2022, could leave investors in Rwanda will a less burden of a requirement to construct individual sewerage systems underneath structures.

Construction of all commercial housing projects in Kigali city have been required to build their own septic tanks or mini waste treatment plants which is costly in construction and daily maintenance with the latter requiring foreign expertise.

“With the new central system we may not require investors to build their own systems, because the current network will be connected to the central system. This option is possible and will be deliberated after the plant is complete,” Parfait Busabizwa, the Kigali city Vice Mayor in charge of economic development said.

Kigali’s first wastewater network and treatment plant is expected to improve city hygiene especially during the rainy days, reduce air pollution as well as make Kigali an even better …

MTN Rwanda announced the launch of its “We’re Good Together” initiative, derived from the MTN Global Campaign that was launched earlier this month in South Africa.

The aim of the MTN campaign is to demonstrate how it has changed lives by improving digital access, empowering, driving financial inclusion,  enabling SMEs, creating jobs and broad community development, among other things.

 “MTN believes in creating shared value that enables shared prosperity, but we can’t do this on our own – we continue to seek out like-minded partners so that we can do good together. We see ourselves as a partner to the development of Rwanda, so whatever it is we do, we ensure it has a long-lasting impact in our society,” said Mitwa Ng’ambi, MTN Rwanda CEO while speaking about the company’s role in Rwanda

He said that the company seeks to tell its story that doing good business extends …

UK headquartered manufacturer–Unilever Overseas Holdings B.V has gotten a major boost in its quest to expand its portfolio in Kenya and the East Africa region.

This follows the approval by the Competition Authority of Kenya (CAK) to acquire a majority stake (90%) in Chemi & Cotex Kenya Limited, a subsidiary of Tanzania’s Chemi and Cotex Industries Limited.

The firm is involved in the distribution of cosmetics, beauty, hair, oral care products and food products, one of East Africa’s leading fast moving consumer goods companies

Unilever Overseas Holdings B.V (Unilever B.V) on the other hand, is a wholly owned subsidiary of Unilever Plc which is listed on the London Stock Exchange and the New York Stock Exchange.

With the approval, Unilever will now move to assume direct control of the investment company and indirect control over Chemi & Cotex Kenya Limited.

The parties’ combined and relevant turnover for the preceding year …