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Professor Mkumbo emphasised that Tanzania is not seeking foreign investors to engage in small-scale retail operations, such as running shoe stores or selling produce. Instead, the government encourages investors with substantial capital who are capable of initiating transformative projects that will drive economic growth and create employment opportunities for Tanzanians.

Tanzania Urges Strategic Foreign Investment to Boost Economic Growth

(3 Minutes Read) The Tanzanian government has reiterated its appeal for large-scale, strategic foreign investments, cautioning against ventures that compete directly with local small businesses....
 The World Bank is reversing its position and lifting a freeze on loans to the East African nation. Two years ago, Two years ago, Bank halted funding to Uganda on account of its anti-gay stand.

Advantage Uganda: World Bank set to Lift Freeze on Loans

(3 Minutes Read) Since the law came into effect, rights groups report that hundreds of LGBTQ Ugandans have been evicted from their homes, subjected to...
Burundians are voting on Thursday in the country’s first legislative elections since 2020, when President Evariste Ndayishimiye came to office. They will be choosing lawmakers to serve on the 123-seat National Assembly, the lower house of parliament.

Burundians to Vote Today to Elect Legislators

(3 Minutes read) There have been ongoing reports of repression against journalists, activists, and opposition figures. Last month, media watchdog Reporters without Borders warned of...
The Tanzania Trade Development Authority (TanTrade) has revealed that the 49th Dar es Salaam International Trade Fair (DITF) is poised to broaden the global outlook and sharpen the business skills of local entrepreneurs.

DITF 2025: Gateway to Global Trade for Tanzanian Entrepreneurs

(3 Minutes Read) The Tanzania Trade Development Authority (TanTrade) has revealed that the 49th Dar es Salaam International Trade Fair (DITF) is poised to broaden...
New Rules in Rwanda: Hefty Fines for Unauthorised Use of Foreign Currency

New Rules in Rwanda: Hefty Fines for Unauthorised Use of Foreign Currency

(3 Minutes Read) In a decisive move to protect the Rwandan Franc and strengthen monetary control, the National Bank of Rwanda (BNR) has introduced tough...
Rapid Support Forces (RSF)

Sudan’s Newly Appointed PM Urges World Community Not to Support RSF

(3 Minutes Read) Sudan’s government has accused the UAE and neighbouring African states, including Chad, Libya, and South Sudan of supporting the RSF throughout the...
“Made in Rwanda” Exports to DRC Surge Amid Border Stabilisation and Trade Realignment

“Made in Rwanda” Exports to DRC Surge Amid Border Stabilisation and Trade Realignment

(3 Minutes Read) Rwanda’s exports of domestically manufactured goods to the Democratic Republic of Congo (DRC) soared by over 42% in April 2025 compared to...
Ethiopia, Rwanda, Djibouti, Uganda, and Tanzania are expected to average 6% or higher growth in 2025-26, supported by continued public investments to deepen domestic value chains in agriculture and domestic energy. The institution expects that African countries could reverse the projected outlook by limiting the transmission of shocks and uncertainty to domestic economies. For it to be effective, though, economies will have to tame inflation, which will be hard because of the knock-on effects of tariffs and uncertainty-induced expectations of higher prices.

East African Countries Buck the Downward Trends in Economic Growth: AfDB

(3 Minutes Read) East Africa’s resilience to shocks may be explained by the region being home to some of the most diversified economies in Africa,...
Access Bank Plc has completed its acquisition of National Bank of Kenya (NBK) from KCB Group Plc. The deal, announced in March 2024, closed on 30 May 2025, following approvals from the Central Bank of Kenya and the Competition Authority of Kenya.

Access Bank Completes Acquisition of National Bank of Kenya

(3 Minutes Read) With the acquisition of 100% of NBK, its second after acquiring and rebranding Transnational Bank, Access Bank strengthens its footprint in KenyRoosevelt...
ZTE Corporation has successfully implemented its FTTR-B all-optical network solution in the office building of the Grand Ethiopian Renaissance Dam (GERD), marking a technological milestone in Ethiopia’s national infrastructure.

ZTE and Ethio Telecom Deploy Africa’s First All-Optical Government Office Network at GERD Project

(3 Minutes Read) ZTE Corporation has successfully implemented its FTTR-B all-optical network solution in the office building of the Grand Ethiopian Renaissance Dam (GERD), marking...

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