(NAIROBI, KENYA) – Kenya received more diaspora cash from Tanzania than from Saudi Arabia in August for the first time, as new foreign worker rules in the Gulf kingdom cut earnings and transfers from one of Kenya’s biggest remittance markets. Cash sent home from Tanzania reached a record $11.72 millionContinue Reading
(NAIROBI, KENYA) – KCB Group will acquire a 22.23% stake in digital payments company Pesapal, according to a disclosure by Tanzania’s competition regulator. The Fair Competition Commission (FCC) revealed the stake size as it reviews the transaction, which was first announced by KCB in November 2025. The bank said atContinue Reading
(NAIROBI, KENYA) – Insurance regulators across East Africa have agreed to standardise the supervision of insurance companies, a move aimed at making it easier to compare underwriting practices and strengthen oversight of the region’s growing insurance market. The agreement was reached by commissioners and insurance supervisors from several East AfricanContinue Reading
(ZANZIBAR, TANZANIA) – Kizimkazi Mikunguni village has won a modern fishing boat with all its equipment worth more than TZS 29 million after emerging as the winner in a sailing competition held during the Kizimkazi Festival. The boat value is equal to about $11,400 or £9,000. The competition was heldContinue Reading
(ZANZIBAR, TANZANIA) – Zanzibar President Hussein Mwinyi has launched the Aman Residency housing project worth 17 million US dollars in Kizimkazi, South Unguja. The project value is equal to TZS 44.97 billion or £13.4 million. The project was launched on Thursday, 13 August 2026, as part of the Kizimkazi FestivalContinue Reading
(DAR ES SALAAM, TANZANIA) – Nigerian billionaire Aliko Dangote chose Kenya over Tanzania for a planned refinery in Lamu, a decision that has not pleased Tanzanian officials. The choice comes as Kenya and Tanzania compete to become the main logistics hub for East Africa, supported by projects such as theContinue Reading
(NAIROBI, KENYA) – Kenya and Tanzania have restarted efforts to connect their standard gauge railway lines to Uganda, Rwanda and Burundi. Both countries are looking for new ways to pay for the rail projects because public funds are limited. Kenya began work last month on the section of railway fromContinue Reading
