
Eric Ombok
Correspondent at Bloomberg News
Journalist @BBGAfrica. Member @FPA_Africa. @SyokimauLIFE 8th Chairman 2016-2020. @RotarySyokimau 7th President 2021-22. Tweets ≠ endorsements. Opinions = mine.
Articles
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1 week ago |
bloomberg.com | Emele Onu |Eric Ombok
The login page of the Yellow Card Financial Inc. app on a smartphone at the company's office in Lagos, Nigeria, on Tuesday, Nov. 19, 2024. Yellow Card employs about 270 people and operates in 20 African countries, having traded more than $3 billion worth of crypto so far this year. Photographer: Taiwo Arifayan/Bloomberg(Bloomberg) -- Yellow Card Financial Inc. and Visa Inc.
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2 weeks ago |
bloomberg.com | Eric Ombok |Fumbuka Ng'wanakilala
Tanzanian shilling banknote. Photographer: Luis Tato/AFP/Getty Images(Bloomberg) -- Tanzania’s shilling strengthened the most since mid January, paring one of the world’s biggest yearly losses. The shilling rose 1% to 2,588.12 per dollar on Wednesday, bringing gains for the month to 3.7%. That’s pared its loss for the year to about 7%.
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1 month ago |
bloomberg.com | Eric Ombok
Commercial aircrafts in Marana, Arizona. (Bloomberg) -- A record order backlog for new aircraft will result in carriers waiting for as long as a decade to take delivery of new planes, according to the International Air Transport Association. The average wait time jumped to five-and-a-half years in 2024, from two years to three years previously, according to Nick Careen, the industry body’s senior vice president for operations, safety and security.
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2 months ago |
bloomberg.com | Eric Ombok
(Bloomberg) -- MojaEV Kenya Ltd., a Nairobi-based electric vehicle distributor that imports fully built Chinese units, will begin local assembly from August with a plan to export to several African Markets. The vehicles will initially be assembled at Mombasa-based Associated Vehicle Assemblers Ltd. before MojaEV builds its own factory that will put together battery and solar components, according to Erick Lumallas, an aide to MojaEV’s chief executive officer.
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2 months ago |
bloomberg.com | Eric Ombok
Containers are loaded onto a ship at Mombasa port in Mombasa, Kenya. (Bloomberg) -- The European Union wants to double trade with Kenya after signing an economic partnership agreement granting the African nation duty-free and quota-free access to the bloc. Trade between the two was €3.4 billion ($3.9 billion) in 2023, a 53% increase over the past decade, according to EU data, making the region Kenya’s biggest trading partner that year.
Journalists covering the same region

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Richard Kamau
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Alex Isaboke
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Kevin Cheruiyot
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Kenya is set to attract more interest from investors after rebounding from recent political upheaval, according to the head of the country’s stock exchange https://t.co/OLM8MDsg3T via @markets

Kenyan Shilling Swings Subside https://t.co/w6K2OkmAXr via @markets

Entries are open for Bloomberg’s Africa Startups to Watch list for 2024 https://t.co/DTOzVc0I4I via @technology