Browsing: East Africa Community (EAC)

Kenya is keen on extending its pipeline to Malaba (Kenya-Uganda border), with Uganda expected to construct a link line to…

Burundi is the other country projected to record one of the fastest growing economies in 2024, according to the IMF.…

Nairobi will continue purchasing fuel on credit from three state-owned Gulf oil marketers until December 2024 in a plan the government is banking on to ease piling pressure on Kenya’s forex reserves.
The move comes in the wake of high expenditure on oil imports even as Kenya remains a net importer grappling with a widening trade deficit that hit $10.8 billion last year. Last year, Kenya’s expenditure on imports rose by 17.5 per cent to $16.9 billion (KSh2.5 trillion), despite growing export volumes.

Kenyan manufacturers have raised concerns over several proposals in the Finance Bill 2023. The country looks forward to the next financial year’s budget that the treasury cabinet secretary will table in June. The country’s National Treasury has proposed several new tax measures. Under these measures, the public and private sectors will cough more taxes to fund the 2023/24 budget.

Kenya’s forex reserves dipped to $6.2 billion on May 19, an eight-year low, before a slight improvement to $6.4 billion…

They will closely collaborate in trade facilitation and financing in order to grow trade across the continent. The organizations are…

Stanchart released the outlook for the EAC three big economies – Uganda, Kenya and Tanzania. According to the outlook report,…

The value of intra-trade among East African Community (EAC) states increased to $5.98 billion in 2018 from $5.46 billion in…

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

Five East Africa Community member countries have together amassed more than $100 billion in foreign and domestic debt, stretching their…