Kenya 

How Kenya Pipeline Auction will Fuel KSh 500Bn NSE Gains

The Capital Markets Authority (CMA) predicts a KSh 500 billion increase from the planned sale of its 65 per cent stake in the Kenya Pipeline Company through an IPO. Addressing two parliamentary committees on August 12, CMA stated that the listing is expected to boost the Nairobi Securities Exchange’s valuation beyond Sh3 trillion. The rise is linked to KPC’s market entry and increased investor interest in other stocks, attracted by the IPO. KPC reported a net profit of KSh 6.87 billion for the year ending June, up from KSh 4.49 billion a year earlier, a 53 per cent rise. Its assets total KSh 120.7 billion, making it the most profitable and asset-rich state-owned enterprise. The IPO is likely to attract investors seeking options beyond Safaricom, as well as banks, East African Breweries Limited (EABL), and British American Tobacco (BAT) Kenya.

(Source: Business Daily)

Tanzania

Airtel Money Launches Double-Value Campaign to Boost Digital Financial Inclusion

Airtel Money Tanzania has launched a new double-value campaign under the theme “Airtel Money Ni Buree and Ni Nafuu”, positioning itself as the most affordable mobile money service. The initiative aims to offer customers greater value by reducing costs and making everyday transactions easier and more accessible. The campaign supports the government’s efforts to promote digital financial inclusion and accelerate the move towards a cashless economy.

(Source: Daily News)

Uganda

Uganda Waragi Named Africa’s Brand of the Year at AMC Awards

Uganda Waragi was named Brand of the Year at the African Marketing Confederation Awards held in Ghana. The Uganda Breweries product also received a gold medal for Most Effective Campaign, with the campaign titled “From Limited Edition to Limitless Icon”, and was recognised as Best Social Media Campaign of the Year for “Arresting Attention”.

(Source: The Independent)

Somalia

Minister of Ports and Maritime Transport Oversees Leadership Transition at Mogadishu Port

Minister of Ports and Maritime Transport Abdulkadir Mohamed Nur presided over the handover of leadership at Mogadishu Port. The role was transferred from outgoing General Manager Ahmed Mohamed Mohamud (Washington) to incoming Ambassador Mohamed Ali (Ameeriko). The Minister emphasised the port’s importance, calling it the “heartbeat of Somalia’s economy,” and reaffirmed the government’s pledge to improve services and efficiency. The leadership change is part of a broader reform effort to strengthen key institutions for economic growth.

(Source: Somalia National News Agency)

Ethiopia

Ethiopia Signs USD 2.5bn Fertiliser Deal with Dangote

Ethiopia has signed a USD 2.5 billion investment agreement with Dangote Industries to develop a world-class urea fertiliser complex in Gode, Somali region. The deal, signed in Addis Ababa in the presence of Prime Minister Abiy Ahmed, was finalised between Ethiopian Investment Holdings and Dangote Industries. The project aims to position Ethiopia as Sub-Saharan Africa’s leading fertiliser producer.

(Source: ENA)

Sudan

Sudan Grapples with Influx of Over 128,000 Returnees from South Sudan

Over 128,000 Sudanese have returned from South Sudan since April, fleeing renewed fighting and worsening the humanitarian crisis in border areas, according to the UN Refugee Agency. Blue Nile State has received about 86,000 returnees, while more than 42,000 have settled in White Nile State. The UNHCR warned that the influx is straining already fragile health systems in Blue Nile, where facilities lack essential services, including delivery services, prenatal care, and nighttime operations.

(Source: Sudan Tribune)

Rwanda

Insurers Weigh in on Accident Victim Compensation Bill

A draft law on compensation for accident victims has sparked debate among insurers in Rwanda. The bill proposes replacing the current standard set by the Supreme Court, which is Rwf 3,000 per day or Rwf 90,000 per month, with a lower, tax-free limit of Rwf 2,000 per day, capped at Rwf 60,000 per month for victims without verifiable income. Insurers argue that this change would eliminate payout distortions, better mirror actual income levels, and provide much-needed legal clarity to the sector.

(Source: The New Times)