East Africa
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Somalia leaps towards digital transformation through QR-based payments brought by BPC
Somalia, historically characterised by a predominantly cash-based economy, has recently made significant developments toward digital financial inclusion. The country’s financial…
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UN Security Council Considers British-Drafted Resolution for War-Torn Sudan
The United Nations Security Council is debating a British-proposed resolution demanding an immediate ceasefire in Sudan, urging warring factions to…
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Kenya’s Other Major Airports Join JKIA in Anti-Adani Takeover Deal
Kenya’s main international airport in Nairobi was plunged into chaos overnight as its staff went on strike at midnight Wednesday…
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Bank of Uganda Cuts Interest Rate for First Time in a Year
Uganda’s central bank cut its benchmark interest rate for the first time in a year after revising its inflation forecasts…
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Dubai Firm to Acquire 60% in Uganda’s Telecom Operator, Utel
Uganda expects Rowad Capital Commercial LLC to invest an initial $225 million in its state-run telecommunications operator and take up…
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Adani Acquires 95% Stake in Tanzania Container Terminal for $39.5 Million
Adani Ports and Special Economic Zone Ltd. (APSEZ) has entered into a joint venture with Hutchison Port Holdings Ltd. to…
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New UK PM Says Rwanda Deportation Plan is ‘Dead and Buried’
British Prime Minister Keir Starmer said Saturday that he is scrapping a controversial Conservative policy to deport asylum-seekers to Rwanda…
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UK’s BII Signs $15 Million Energy Investment Deal With Tanzania
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today signed an agreement to provide $15m…
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Kigali to House Pan-Africa Youth Bank in Deal with AfDB
The African Development Bank (AfDB) and the Government of Rwanda have announced plans to establish a Pan-African Youth Bank in…
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Suluhu Returns Home With $2.5 Billion in Investment from South Korea
The South Korean government has pledged an investment worth $2.5 billion for Tanzania in a deal which was signed by…
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