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Museveni takes over EAC Chairmanship

Arusha, Tanzania | THE INDEPENDENT | Outgoing Chairperson of the East African Community, President William Ruto, has handed over leadership of the regional bloc to Uganda’s President Yoweri Museveni after outlining key milestones and reforms achieved during his tenure. Speaking during the 25th Ordinary Summit of EAC Heads of State, …

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Death toll rises to 23 as floods ravage Kenya

NAIROBI | Xinhua | The death toll from heavy overnight rainfall that triggered severe flooding across several parts of the Kenyan capital, Nairobi, has risen to 23 as rescue teams continue searching for survivors, police confirmed on Saturday. Police said the torrential rains caused widespread flooding, destruction of property, road …

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Four regional blocs, one regulatory vision

Africa’s competition chiefs forge united regulatory front NEWS ANALYSIS | JULIUS BUSINGE | Four of Africa’s most influential regional competition authorities have signed a cooperation pact that could reshape how cross-border mergers, consumer protection and market conduct are regulated across 38 countries. The Memorandum of Understanding, signed in Livingstone, Zambia …

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Pesalink, PAPSS enable local currency cross-border payment

  The 2023 World Bank Remittance Prices report indicates that sending money across African borders incurs on average 7-8% of the total value sent Nairobi, Uganda | THE INDEPENDENT | Pesalink, Kenya’s de facto instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border …

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Somalia parliament approves new constitution

The new constitution extends the presidential term from the current four years to five years. It also stipulates that the president will be elected by parliament, while members of parliament will be chosen directly by citizens. MOGADISHU, SOMALIA | Xinhua | Somalia’s bicameral parliament on Wednesday approved the country’s new …

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Over 200 killed in mine collapse in DRC

KINSHASA, DRC | Xinhua | More than 200 people were killed on Tuesday in a mine collapse in eastern Democratic Republic of the Congo (DRC), the DRC government said Wednesday. The incident occurred at the Rubaya mining sites, known for the coltan resources, in North Kivu province following “exceptionally heavy …

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