February 7, 2020

Kenya has moved to allay fears that it's new trade agreement with the US will undermine the African Continental Free Trade Agreement (AfCFTA) of which it is a signatory to.

Speaking in Washington after meeting US President Donald Trump on Thursday, Kenya's President Uhuru Kenyatta said the proposed new trade arrangement would in no way undermine Kenya's commitment to the continental economic bloc.

"I want to put away a few doubts beca...

January 27, 2020

Kampala has sent a protest note to Nairobi demanding the immediate release of consignments of milk seized by Kenyan officials on alleged quality concerns, sparking a fresh diplomatic row between the two neighbouring countries.

Uganda, which is Kenya's biggest trading neighbour in the region, issued the note on Wednesday expressing deep concern about "illegal seizures of Ugandan-made milk products under the Lato brand."

The Ugandan min...

January 8, 2020

MTN Cameroon has received the highest quality certification on its Mobile Money (MoMo) service, becoming the first telco in the six-nation Central African Economic and Monetary Community (CEMAC) to be awarded the accolade.

The endorsement known the GSMA Certification signals safer, transparent and reliable means of sending and receiving money by the mobile phone carrier's users.

In a statement, the telco said that the certification fo...

December 18, 2019

Nigeria has threatened to cut electricity supply to neighbours Togo and Niger over a $16 million debt as the country's power utilities grapple with capital deficits.

The Managing Director of the Transmission Company of Nigeria (TCN), Mr Usman Mohammed, said that supply to the two countries had already been restricted.

Niger owes $2 million and Togo $14 million. The countries have reduced the debt from $100 million a couple of years ba...

December 2, 2019

Tanzania has suspended talks between the government and foreign investors in the oil and gas sector that would have set the tone for the review of Production Sharing Agreements (PSAs). The suspension is blamed on delays by the Attorney General's chambers.

In 2018, the government ordered the review of laws and policy, putting the liquefied natural gas (LNG) project sector on hold.

The $30 billion LNG project has been in the planning fo...

November 18, 2019

The Bank of Tanzania (BoT) has once again warned the public to act with extreme caution when trading in crypto currencies investments, saying they are not authorised in the country.

In a statement issued last week, the central bank said it is the sole institution authorised to issue bank notes and coins, and to declare a legal tender in the country.

The bank further said although it has not officially banned crypto currency, it has ho...

September 25, 2019

Kenya is hoping to seal a post-Brexit trade agreement with the United Kingdom by the start of next year, to create continuity in market access.

Kenya's High Commissioner to the UK Manoah Esipisu says he expects a post-Brexit agreement to borrow a leaf from one already signed by southern African countries, besides sealing investment agreements.

"This (Brexit) is a matter for the United Kingdom and all we can say is, 'Get on with it'. B...

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