Africa Economy News Update

Consumption of cooking gas rose last year but demand for petrol, diesel, kerosene, and aviation fuels fell in the wake of reduced activity in the transport sector due to COVID-19 induced disruptions.

Insurance companies more than doubled their net profits to KES 5.76 billion (approx. USD 52.4 million) in the six months to June, despite an increase in claims triggered by rebounding economic activities.

The government has reiterated its commitment to collaborate with Farm Africa and other stakeholders to promote the agriculture value chain to benefit entrepreneurs and the whole economy.

Air Tanzania Company has launched a scheme that allows would-be passengers to pay in installments prior to their flight date.