Safaricom’s bold move into Ethiopia has reshaped the country’s telecommunications industry, bringing competition, lower data prices, and faster internet access to millions of new users. However, a new World Bank …
Eastern Africa
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BusinessDigital EconomyEastern AfricaFinanceTechnologyTelecommunications
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Corporate EarningsEastern AfricaELECTRICITYEnergyFinanceInfrastructure
Kenya Power Reports 18.7% Profit Drop as Forex Gains Fade and Tariff Adjustments Ease
Kenya Power and Lighting Company (KPLC) has reported a sharp 18.7 per cent decline in its net profit for the financial year ended June 2025, falling to KSh 24.47 billion …
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BankingDigital EconomyEastern AfricaFinanceSMEsTrade
CIB Kenya targets SMEs with digital banking and trade finance expansion
Commercial International Bank (CIB) Kenya is setting its sights on reshaping the country’s banking landscape through a digital-first approach and innovative lending models that focus on small businesses and regional …
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Conflict ResolutionDiplomacyEastern AfricaInternational RelationsPoliticsSecurity
Congo and Rwanda Set October Start Date for U.S.-Mediated Peace Deal
The Democratic Republic of Congo and Rwanda have agreed to begin implementing key security measures under a peace deal mediated by the United States, starting October 1, 2025. The joint …
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Eastern AfricaEconomyFinanceForex TradingSouth AfricaSouthern AfricaWestern Africa
African Currencies Outlook: Uganda’s Shilling to Gain, Others Seen Stable
The currencies of several African countries are expected to remain stable in the coming week, with Uganda’s shilling projected to strengthen slightly against the United States dollar, according to traders. …
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Eastern AfricaEconomyInfrastructureINVESTMENTTradeTransport
Rwanda Bets on Lake Kivu Transport Projects to Boost Trade and Regional Connectivity
Rwanda is moving to strengthen its position as a logistics hub in East Africa by investing heavily in transport projects along Lake Kivu. The projects, which include the construction of …
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Eastern AfricaEconomyFinanceLaw
Kenyan Lawmakers Review Petition to Limit Loan Interest Amid Rising Cases of Exploitative Lending
Kenyan Members of Parliament have begun reviewing a petition that seeks to restrict loan interest so that it never exceeds the original amount borrowed. The move comes as concerns grow …
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Eastern AfricaEconomyInnovationMediaTechnologyTrade
Kenya’s Pay-TV Market Shrinks as Regulator Shifts to “Active Subscriptions”
he Communications Authority of Kenya (CA) has introduced a new way of measuring television subscriptions, moving from cumulative sign-ups to “active subscriptions” — accounts that have generated revenue within the …
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Eastern AfricaEconomyFinanceGovernment PolicyInternational Relations
IMF Team Arrives in Nairobi for Talks on New Program with Kenya
An International Monetary Fund (IMF) staff team is set to arrive in Nairobi on September 25 for a two-week mission to open discussions with Kenyan authorities on a potential new …
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ConflictCongoDiplomacyEastern AfricaInternational RelationsMining
Tshisekedi Says U.S.-Mediated Peace Deal Fails to Calm Eastern Congo Fighting
President Felix Tshisekedi of the Democratic Republic of Congo has said that the U.S.-mediated peace deal signed with Rwanda in June has so far failed to bring calm to eastern …