President of the World Bank Jim Yong Kim. Photo/FILE

The Big Story

World Bank pledges $1bn to aid peace in Great Lakes region

Posted 21 hours ago

The World Bank on Wednesday announced $1 billion in development funding for Africa's Great Lakes region, where renewed fighting this week between the government and rebels in eastern DRC has raised fears once again of an escalation in conflict....

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News

PHOTO | MANDEL NGAN US President Barack Obama steps off Air Force One upon arrival at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on May 19, 2013. Obama will go on his first African tour between June 26 and July 3.

Obama Africa trip to bypass Kenya

Posted 2 days ago

President Barack Obama will go on a first African tour next month, visiting Senegal, Tanzania and South Africa, but his...

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News

Daily Monitor Head office under police seige

Uganda police shut down Monitor

Posted 2 days ago

The Uganda Police have closed down the Daily Monitor and its two sister radio stations, KFM and Dembe FM, declaring the...

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News

Tech-savvy employees stole at least Ksh1.5bn ($17.64m) from Kenyan banks between April 2012 and April 2013. Investigators managed to recover only Ksh530m ($6.2m). FILE

Fraudsters steal Ksh1.5bn from banks in one year

Posted 4 days ago

In public, banking executives in Kenya exhibit optimism that white-collar crime rates will soon come down, but in private, they...

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News

Absence of national policies on oil and gas, and failure to make proper scrutiny of exploration companies, are to blame for the losses countries are making. TEA/FILE

Africa has the minerals; where are the dollars?

Posted 4 days ago

Just how much do the East African Community governments stand to gain from oil and gas exploration and extraction deals with...

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News

East Africa countries appear to have resorted to internal efficiency to increase revenues, while at the same time seeking innovative ways to raise funds. TEA/FILE

EA states make budgets for life on a shoestring

Posted 4 days ago

Austerity is the watchword as East Africa tries to balance massive public spending needs against low internal revenues, an aid...

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Business

Mobile operators have opposed the introduction of the new tax, effective July, saying it will hurt their margins.

Uganda’s new tax will raise calling rates, hurt integration

Posted 4 days ago

The cost of calling across the East African region could rise from July following a new tax on calls terminating in Uganda, a...

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