Uganda names its crude oil grade “Pearl Sweet” as developers prepare to market output ahead of commercial production expected by the end of 2026.
East Africa
Kenya aviation workers end a two-day strike after a return-to-work deal, allowing airlines to restore flights while long-running labour talks continue.
Kenya airport staff action delays thousands of passengers at JKIA in Nairobi as unions and authorities continue talks over unresolved labour grievances.
Kenya Airways plans to reveal potential new investors as widening losses, rising fuel costs and aircraft shortages intensify pressure on its turnaround.
Uganda’s export earnings rose 11.3% to $1.28 billion in June as surging gold shipments offset a sharp decline in coffee export revenue for the month.
Absa Group has raised its stake in Absa Bank Kenya to about 72% after a tender offer, strengthening its position in one of East Africa’s…
Kenya Airways says Middle East conflict lifted first-half fuel costs by 72%, worsening aircraft shortages, maintenance delays and pressure on profitability.
Kenya plans an $815 million Eurobond in the second quarter of 2026/27 and a $500 million Samurai bond later as it diversifies government financing sources.
Child malnutrition is rising sharply in central Somalia as drought, conflict, displacement and falling aid funding push communities closer to famine.
Stanbic Kenya expects stronger second-half earnings as lower interest rates revive loan demand from retail customers, SMEs and key productive sectors.