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, …
Read More »Middle East tensions threaten South African, global economy, warns expert
JOHANNESBURG | Xinhua | The escalating conflict in the Middle East is poised to have profound consequences for South Africa’s economy and the global market, a senior researcher warned on Saturday. Na’eem Jeenah of South Africa’s Mapungubwe Institute for Strategic Reflection shared his insights with Xinhua following the Feb. 28 strikes …
Read More »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 …
Read More »ECOTRUST shows how to make economic sense of conservation at Nairobi conference
ECOTRUST Highlights Inclusive Conservation Financing at the Business of Conservation Conference 2026 Nairobi, Kenya | THE INDEPENDENT | The Business of Conservation Conference 2026 is currently underway in Nairobi- Kenya, bringing together leaders from across Africa and beyond to discuss how conservation can become a sustainable business that benefits both …
Read More »MIDDLE EAST TURMOIL: Billionaire Prateek Suri intervenes with $150M oil trading strategy
Prateek Suri, Africa’s Richest Indian, Deploys Urgent $150M Oil Trading Strategy Amid Middle East Turmoil Dubai, UAE | THE INDEPENDENT | As geopolitical tensions continue to reshape global energy markets, Prateek Suri, widely recognized as Africa’s richest Indian and Chairman of Maser Group, has deployed an urgent $150 million oil …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »EAC leaders face moment of truth as integration ambitions meet financial strains
Kampala, Uganda | THE INDEPENDENT | Heads of State of the East African Community (EAC) are convening in Arusha this week for the 25th Ordinary Summit at a defining moment for one of Africa’s most ambitious regional blocs, a moment that will test whether rapid expansion can translate into deeper, …
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