Somalia Launches $643 Million Airport Project to Boost Economy
Somalia is taking a significant step towards economic revitalization with its ambitious $643 million airport project. The New Mogadishu International...
December 27, 2024Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa Markets & Investment · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
TotalEnergies’ Race Against Time: Securing $4.7 Billion for Mozambique LNG
French energy giant TotalEnergies is making a final push to secure $4.7 billion in US funding for its Mozambique LNG...
December 27, 2024
Uganda’s Military Strategy in DRC: The Gold Connection
Uganda's gold exports reached $2.3 billion in 2023, a tenfold increase from the previous year. This dramatic rise reflects a...
December 26, 2024
Mozambique’s Prison Break: Over 1,500 Inmates Escape Amid Political Turmoil
On Christmas Day 2024, chaos erupted in Maputo, Mozambique, as over 1,500 inmates escaped from the Central Prison during violent...
December 26, 2024
Power Shift in Mozambique: Young Leader Takes Control Amid Election Controversy
Daniel Chapo 47 will become Mozambique's first president born after independence when he takes office in January 2025. Analysis from...
December 24, 2024
December 23: The Date That Could Make or Break Mozambique’s Stability
The streets of Maputo echo with the nightly sound of banging pots and pans. These protests signal a deeper crisis....
December 18, 2024
Rwanda’s President Announces Official Bid for Formula 1 Grand Prix
Rwanda has officially declared its ambition to host a Formula 1 Grand Prix, a significant move for the country in...
December 14, 2024
Ethiopia Drops Red Sea Port Deal with Somaliland After Turkey’s Mediation
A high-stakes diplomatic game over access to the Red Sea reached its climax as Ethiopia abandoned its controversial port agreement
December 12, 2024
Military Defeat Weakens Mogadishu’s Control Over Strategic Jubaland
Federal troops retreated from Raskamboni on December 11 after Jubaland forces captured their vehicles and weapons. Analysis from The Rio...
December 11, 2024