Business

Recognizing Lobatse Clay Works’ potential, the African Development Bank provided a loan facility, in partnership with the Botswana Development Corporation to turn around the company’s fortunes

The partnership is also designed to improve access to finance for SMEs, which are vital contributors to job creation and economic growth as well as strengthen capacity building and legal and regulatory framework

The Committee noted the strong growth outlook for the EAC economies, with real GDP projected at 5.8 percent in 2025, which is higher than the projected growth globally and in Sub-Saharan Africa.

The discovery comes just days after reports surfaced that Somalia had granted Turkey a highly favorable profit-sharing agreement, giving Ankara a 90 percent stake in revenues from offshore oil production.

So far within the first five months of 2025, the port has processed 109,839 Metric tons, with 67 vessel calls recorded, further highlighting the growing economic importance of Kisumu port in the region.

A total of 32 passengers were stranded in Guangzhou, China, after the plane tickets they bought for their journey to Tanzania were discovered to be fake.

Foreigners, including tourists, are required to exchange foreign currency through commercial banks or the Bureau de Change in Tanzania. They may also continue making payments using bank cards or other digital payment methods.

Electrification has also spurred the development of small-scale industries, including brickmaking and welding, resulting in a doubling of council revenue.

Before these get put into action however the Land Transport Regulatory Authority wants to hear from Tour Operators themselves

A number of sectors in Kenya, Uganda, Tanzania, Seychelles, Djibouti, Ethiopia and Rwanda, according to the report, have experienced ongoing distributed denial of service attacks