East Africa

Access Bank Plc set to acquire National Bank of Kenya from KCB Group Plc

Muhereza KyamuteteraCompany NewsEast AfricaGlobal NewsThe Big StoryMarch 20, 2024March 20, 2024

In yet another solid step towards its  5-year growth and expansion strategy to become the “World’s Most Respected African Bank”, Access Bank Plc has announced that it has signed a…

Pius Ngugi, the Kenyan billionaire who has built a fortune from exporting cashew nuts, macadamia

The CEO Magazine TeamBillionairesEast AfricaThe Big StoryJanuary 16, 2024January 16, 2024

Pius Ngugi is one of the wealthiest Kenyans. He was born in Kiambu on March 8, 1944. He is a proud polygamist and is married to Josephine Wambui Ngugi and…

Jailed ex-Kenyan Minister faces 3 years in Ugandan jails for faking customs documents and gold smuggling 

The CEO Magazine TeamEast AfricaNews & AnalysisJanuary 11, 2024January 11, 2024

The Anti-corruption court presided over by Her Worship Esther Asiimwe yesterday January 10th remanded Tarus Stephen Kipkiyeny to Luzira prison up to 18th January 2023 over falsification of export documents….

The troubled former Kenyan minister behind a gold smuggling ring that potentially costs Uganda Shs 52.2 bn in tax revenue a year

CEO ReporterEast AfricaNews & AnalysisThe Big StoryJanuary 11, 2024January 11, 2024

Harvests rarely come this big. Uganda Revenue Authority (URA) recently netted a big fish: a former Kenyan minister, Stephen Kipkiyeny Tarus, for smuggling 13 kg gold and potentially costing Uganda…

The World’s Most and Least Powerful Passports in 2024 

The CEO Magazine TeamEast AfricaGlobal NewsNews & AnalysisJanuary 11, 2024January 11, 2024

Four European Union member states — France, Germany, Italy, and Spain — join Japan and Singapore in boasting of the most powerful passports in the world, with their citizens able…

Meet Tanzanian billionaire Mohammed Dewji, arguably the richest East African

CEO ReporterEast AfricaThe Big StoryDecember 6, 2023December 6, 2023

Few embody the spirit of Tanzania’s steady and relentless march towards increased prosperity like Mohammed Dewji, the country’s entrepreneur supreme – and Africa’s youngest billionaire – whose MeTL Group’s 150…

Intesa Sanpaolo, Investec Bank jointly arrange $150m syndicated loan facility on behalf of Tanzania’s CRDB Bank

CEO ReporterBanking & Financial ServicesEast AfricaNews & AnalysisNovember 20, 2023November 20, 2023

Intesa Sanpaolo and Investec Bank have successfully raised US$150m on behalf of CRDB Bank, Tanzania’s largest bank, in the form of a syndicated term loan facility. The transaction is a…

A portrait of an East African Economic Criminal And Fraudster, according to PwC

CEO ReporterBanking & Financial ServicesEast AfricaThe Big StoryNovember 17, 2023November 18, 2023

Businesses in Eastern Africa must act quickly to avert increasing cases of economic crimes and fraud that threaten their existence, the Global Economic and Crime Survey by renowned international audit…

Accelerating tourism recovery: Uganda in key joint marketing drive with Kenya’s coastal destinations

CEO ReporterEast AfricaHospitality & TourismThe Executive TravelerNovember 13, 2023November 14, 2023

More than 200 Ugandan private and public sector players are in Mombasa, Kenya for the 2nd Uganda-Kenya Coast Tourism Conference 2023. The conference that starts today (November 13) at the…

Ruto: We are revamping Kenya Revenue Authority (KRA) to be more friendly and efficient

CEO ReporterEast AfricaNovember 4, 2023November 4, 2023

The Kenya Revenue Authority will be rebuilt to a service-oriented organization, President William Ruto has said. Ruto observed that KRA will no longer be a suppressive entity driving taxpayers into…