Tanzania's Central Bank Tightens Regulations on Digital Lenders
The Bank of Tanzania (BoT) has published regulations to protect borrowers from abusive digital lending practices of tier-2 microfinance institutions, as well as improving transparency in the sector. A microfinance [...]
AfDB Loans Madagascar US$ 67.3mn to Revive Economy
The African Development Bank Group (AfDB) has approved a US $67.3mn loan to Madagascar to help the island nation revive its economy over the next year. The programme aims to [...]
South Sudan Limits Cash Withdrawals as Juba Moves to Boost Cashless Economy
A recent decision by the The Bank of South Sudan (BOSS) to limit cash withdrawals to 10 million South Sudan Pounds (SSP) has elicited mixed reactions, as Juba moves to [...]World Bank's US$ 90 Million For Djibouti Economic Corridor as Tensions Rise
The World Bank has approved US $90 million in additional financing for the Djibouti Regional Economic Corridor, which is designed to improve regional connectivity and enhance logistics efficiency in Djibouti [...]World Bank Appoints New Country Director for Kenya, Uganda
Chinese national and World Bank veteran Qimiao Fan will take over as new World Bank country director for Kenya, Uganda, Somalia and Rwanda, the Bretton Woods institution said in a [...]Djibouti to Offer Ethiopia Exclusive Port
In a move that might ease simmering tensions in the Horn of Africa, Djibouti has disclosed that it is planning to offer Ethiopia 100% access to the Tadjoura port. Although [...]Fundraising Activity in East Africa to Pick Up, Majority Deal Size Below US$25mn-Deloitte
The fundraising environment in East African region is expected to improve over the next 12 months as economic activity, confidence and investment pick up. “Fundraising activity has fluctuated, with strong [...]EAC Urges Partner States to Fast Track Liberalizing Air Transport Market
The East African Community (EAC) has urged its partner states to fast track regulations to liberalise the air transport market to boost regional integration and economic growth. “An integrated air [...]Competition Authority Okays Lipton Teas' Takeover By Browns Investments
The competition regulator in Kenya has permitted UAE's B Commodities's acquisition of 98.56% in Lipton Teas and Infusion, setting the stage for one of the most watched MA deals in [...]EU, US Sanction Rebel Leaders for Conflict in Eastern DRC
The European Union (EU) and US have sanctioned more than ten people, including a high-ranking Rwandan military officer, and two entities, for serious human rights violations and abuses in the [...]Bank's Regional Subsidiaries' Profits Double as DRC Takes Lead
The Democratic Republic of Congo (DRC) is now the most profitable market for Kenyan banks' subsidiaries within the East African Community (EAC), overtaking Rwanda in 2023. With the high global [...]South Sudan Purges Finance Minister, Oil Firm Chief
The President of South Sudan, Salva Kiir, fired his finance minister Awow Daniel Chuang and replaced him with Dr. Marial Dongrin Ater amidst budgetary delays and unpaid salaries. President Salva [...]
