Helios’ US$297M CAB Payments Bid Faces East Africa Review
East Africa’s competition watchdog is reviewing Helios Investment Partners’ $297 million bid for LSE-listed CAB Payments, a deal that could...
July 29, 2026Section
Eastern Africa
Eastern Africa – Kenya, Ethiopia, Tanzania, Uganda and Rwanda – is the continent’s fastest-integrating bloc, a hub for tech, logistics, ports and a rising consumer class along the Indian Ocean trade routes. The Rio Times tracks the region’s growth, currencies, infrastructure megaprojects, and the contest among China, the Gulf and the West for influence. This hub gathers our daily Eastern Africa coverage through a business and investment lens.
Browse by themeAfrica Critical Minerals · Africa Energy · Africa Markets & Investment · Africa & Latin America · Africa & the Great Powers · Doing Business & Living in Africa
East African Community (EAC) Single Currency Delayed to 2031
The East African Community has formally pushed its single-currency deadline from 2024 to 2031, with Tanzania reaffirming commitment to the...
July 29, 2026
The New African Boom: Why East Africa’s 8% Growth Engine Is Reshaping Latin America’s Global Bet
East Africa is set to remain the world's fastest-growing region, with GDP growth projected at 8%. As Africa potentially outpaces...
July 29, 2026
Rwanda to Phase Out 2G Networks After 3G Shutdown by 2027
Rwanda will switch off 3G nationwide on June 30, 2027 and retire 2G after it, pushing users onto 4G. What...
July 29, 2026 Kenya T-Bills Draw US$1.4 Billion as Investors Bet on Rates
Investors poured US$1.4bn into Kenya's 91-day Treasury bills in 10 weeks, betting on higher rates and leaving the Treasury a...
July 29, 2026
StanChart Kenya Pays 522 Pensioners as Fresh Claims Emerge
Standard Chartered pension payout has reached 522 of 629 Kenyan retirees, part of a KES 7.2 billion settlement after a...
July 28, 2026 US Seeks Extradition of Six Kenyans Over Email-Scam Fraud on Government
The US is seeking to extradite six Kenyans accused of a business email compromise fraud that targeted US government agencies...
July 28, 2026
Fintechs LemFi and BVNK Use Stablecoin Rails to Cut Kenya Fees
LemFi and BVNK partner to shift diaspora remittance settlement onto stablecoin rails, cutting costs for Kenya's US$4 billion corridor and...
July 27, 2026 Kenya Growth Forecast Cut to 4.3 Percent as Debt and Oil Risks Bite
The World Bank cut Kenya’s 2026 growth forecast to 4.3 percent from 4.9 percent, citing the Middle East conflict, rising...
July 27, 2026