New Financial Scams Sweep Kenya As Authorities Watch
Reported cybercrime incidents in Kenya rose 67 percent in the first half of 2026, with mobile money fraud accounting for...
August 8, 2026Topic
East Africa
Letshego Sells Five African Units to Axian as Kenya Waits Behind a Legal Snag
Letshego Holdings sells 5 African units in Uganda, Rwanda, Tanzania, Ghana and Nigeria to Axian for US$62.7 million, shrinking to...
August 7, 2026
Tanzania Treasury Bills Open to Every Foreign Investor for the First Time
Tanzania Treasury bills and government bonds are open to all non-resident buyers after a July 2026 rule change, with entry...
August 7, 2026 Tanzania Misses Its Own Deadline on a US$42 Billion LNG Deal
Tanzania said it would sign the legal framework for its US$42 billion LNG project before June 2026. The deadline passed...
August 6, 2026
Safaricom Ethiopia Races Toward Breakeven With 14.7 Million Customers
Safaricom Ethiopia grew active customers 46% to 14.7 million in the June quarter, halved losses and kept EBITDA breakeven on...
August 6, 2026
Uganda’s Olara Otunnu UN Bid Backed by President Museveni
Uganda’s President Yoweri Museveni formally endorsed former rival Olara Otunnu as the seventh candidate for UN Secretary-General on 24 July...
August 4, 2026
Uganda’s Namayingo Gold Mine Collapse Kills 6 After Ban
Six miners are confirmed dead after an illegal gold mine collapsed in Namayingo District, Uganda, with retrieval operations now formally...
August 4, 2026
Ethiopian State-Owned Enterprises Pay 42% of Big-Tax Haul
Ethiopian state-owned enterprises paid 42% of large-taxpayer revenue in FY2025/26, from a total of about US$3.2 billion, ministry figures show.
August 4, 2026
Nairobi Securities Exchange Hits US$31 Billion Market Cap
The Nairobi Securities Exchange has passed Sh4 trillion, about US$31 billion, for the first time, driven by domestic institutional money.
August 4, 2026