Tanzanian Fintech NALA Enters Kenya In Partnership with Equity Bank, Pesalink
Nairobi is the latest stop for Tanzanian fintech, NALA, which is leaning on Equity Bank and Pesalink to speed its entry into one of Africa’s most lucrative remittance corridors. “This [...]
How KSh 32,300 Airtel Money Transfer Mistake Sparked a Cross-Border Consumer Rights Battle
When Patrick Hembi pressed “send” on his Airtel Money transfer in October 2023, thinking he was sendingUS$ 250 (around KSh 32,300)safely across the border from the Democratic Republic of Congo [...]East Africa Faces Climate Shocks That Could Hit Agriculture, Energy Markets
Parts of East Africa risk a renewed drought as regional climate scientists forecast below-average rainfall during the upcoming October–December season, a period that provides up to 70% of annual precipitation [...]EAC-ECOWAS Trade Doubles as Region Records Trade Surplus in Q1 2025
The share of East African Community (EAC) trade with the West African-bloc ECOWAS nearly doubled in the first quarter of 2025, rising from 0.7% to 1.3% in the period, highlighting expanding commercial ties and increasing momentum in [...]Tanzania’s Trader Ban Triggers Regional Tensions as EAC Presses for Policy Reversal
The East African Community (EAC) is facing renewed internal tensions following Tanzania’s decision to bar foreign nationals from participating in several business sectors, a move regional leaders warn could undermine [...]EAC Tables US$ 109.3 Million Budget for FY 2025/2026
The East African Community (EAC) has presented a US$ 109.3 million budget proposal for the 2025/2026 Financial Year to the East African Legislative Assembly (EALA). “the average economic growth rate [...]EADB Secures US$40Mn From OPEC Fund to Boost SME, Infrastructure Growth
The East African Development Bank (EADB) has signed its largest financing agreement yet with the OPEC Fund for International Development, securing a US$40 million loan to accelerate private sector development [...]EAC Approves Cross-Border Payment System Masterplan
The East African Community's Monetary Affairs Committee (MAC) has approved the EAC Cross-border Payment System Masterplan which aims to reduce the cost and time of cross-border payments, making transactions faster and more affordable [...]Kenyan Firms Face Currency Conversion Risks After Tanzania Tightens Forex Rules
Kenyan companies with operations in Tanzania now face rising currency risks following a ban on the use of foreign currencies for domestic payments as the government aims to increase demand [...]
MTN Uganda Under Sylvia Mulinge: Earnings Surge, Dividends Rise, Stock Gains 85%
Last week, MTN Uganda posted impressive financial results for the full year 2024, marked by strong growth in service revenue, higher earnings per share, and a substantial dividend increase. MTN [...]
EAC Experiments with Collective Marketing as it Targets 11 Million Tourists
The East African Community (EAC) will, for the first time, participate as an entity at the International Tourism Bourse (ITB) Berlin, the world’s largest tourism trade fair, from 4th [...]Ruto Convenes Emergency EAC Heads of State Meeting to Discuss DRC War
President William Ruto has convened an extra ordinary regional summit on Wednesday this week to discuss the ongoing war in the Democratic Republic of Congo (DRC), which saw the rebel [...]
