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President Uhuru signs Finance Bill and Victim Protection Act 2014 into law

By PSCU/O’brien Kimani NAIROBI (KBC) – President Uhuru Kenyatta has signed into law the Finance Bill 2014 introducing sweeping changes to the administration of taxes in the country. The bill was passed by Parliament on 28th, August, 2014. The new Read more ›

East African currencies continue to struggle against the US Dollar

(The East African) – East African economies are feeling the pinch of inflation as their currencies continues to weaken against the dollar. By Allan Olingo Uganda and Rwanda managed to ensure the inflation rate remained below 5 per cent. Rwanda’s Read more ›

Kenya secures $113m to build 1,550km road connecting Burundi

By Christabel Ligami and Adam Ihucha Kenya has secured $113 million from the African Development Bank for the construction of a transit route from the Indian Ocean to Bujumbura in Burundi, heightening competition between the ports of Indian Ocean to Bujumbura Read more ›

Ethiopian Airlines announce new flights to Madrid

Xinhua  (Addis Ababa) —  On Monday Ethiopian Airlines will commence its flights to Madrid, Spain, which has become the 10th European destination of the airliner. Ethiopian flights to Madrid is operated through Rome and has brought the number of the airline’s international Read more ›

Flydubai opens new routes to Bujumbura, Kigali and Entebbe

By Mary Sophia Gulfbusiness-Dubai-based airline flydubai has announced that it will begin services to three new destinations in East Africa from September. The budget airline, which currently flies to nine destinations in Africa, said that it will begin services to Read more ›

Tanzania’s Eurobond to be Delayed

Reports indicate that Tanzania may postpone its debut Eurobond until the following fiscal year following a delay in obtaining a risk evaluation by Citigroup Inc. According to reports, the delay slowed the issuance of credit ratings according to Servacius Likwelile, Read more ›

Djibouti Launches Internet Exchange Point in East Africa

Djibouti’s Data Center (DCC) has announced the initiation of its Internet Exchange Point (IXP) with the aim of decreasing network costs for operators and improving connection speeds, reports indicate. In a statement, the company indicated that the new IXP would Read more ›

Uganda Strikes Oil Deal with Tullow and Partners

The Ugandan government has reportedly completed negotiations with a British company Tullow Oil and its partners and will soon sign an accord that could result in the commencement of crude oil production. According to reports, an agreement between Tullow Oil, Read more ›

Kenya’s Mobile Operators Meet with Communications Commission over Quality of Services

The Communications Commission of Kenya (CCK) today held a meeting with Kenya’s mobile network operators to discuss several issues including the recent Quality of Service (QoS) report that allegedly detailed the operators’ failure to meet set targets. According to reports, Read more ›

Nigerian Bishop Warns against the Spread of Islamic Extremism in Africa

Christians in Nigeria are living under a perpetual threat with the strength of Islamic extremist group Boko Haram reportedly growing. This anti-Christian organization, whose main hide-outs are in the northern part of Nigeria, have posed an almost palpable threat in Read more ›