Trade and Financial Service Round Up: Issue No. 20 of 2026
Kenya
Motorists to Receive Traffic Fines via SMS and Email as NTSA Rolls Out Minor Offences System from June 1
The National Transport and Safety Authority (NTSA) says it will roll out a modernised enforcement framework for minor traffic offences from June 1, 2026. The move will allow motorists to receive a Police Notification of Traffic Offence and, in some cases, avoid appearing in court.
In a press statement issued on Thursday, May 28, 2026, NTSA said it had, alongside the National Police Service, the Office of the Director of Public Prosecutions (ODPP), the Judiciary, and other enforcement agencies, reviewed minor traffic offences and developed internal procedures to guide implementation.
NTSA said the framework will be implemented under Sections 117 and 117A of the Traffic Act (Cap. 403), following the withdrawal of an earlier notice on the rollout of the Minor Traffic Offences System.
(Source: Citizen)
Uganda
ICPAU, CMA, USE, and Vision Group Launch 2026 FiRe Awards
The Institute of Certified Public Accountants of Uganda (ICPAU), in partnership with the Capital Markets Authority (CMA), the Uganda Securities Exchange (USE), and Vision Group, has officially launched the 16th edition of the Financial Reporting (FiRe) Awards. The launch took place on May 26 at Hotel Africana.
The 2026 awards will be held under the theme: “Driving Sustainability Reporting Through Technology and Innovation.”
The theme highlights the growing importance of technology-driven, innovative approaches to advancing credible, forward-looking sustainability reporting. As organisations continue responding to evolving stakeholder expectations and global sustainability demands, the FiRe Awards remain a key platform for promoting excellence in financial reporting in Uganda.
(Source: The Independent)
Tanzania
AfDB’s 5.4% Tanzania Growth Amid Geopolitical Risks
The African Development Bank’s (AfDB) latest outlook projects Tanzania’s economy to grow by 5.4 per cent in 2026, as geopolitical tensions in the Middle East push up energy and import costs across the region. Despite these risks, the country is expected to remain among East Africa’s stronger performers.
The continental lender expects growth to rebound to 6.1 per cent in 2027, supported by infrastructure investment, ongoing structural reforms, and gradual improvements in the business environment.
“Downside risks include the impact of the Middle East conflict and global geopolitics that could increase oil and food prices and disrupt export and import supply chains, climate change vulnerabilities, and lingering effects of socio-political tensions,” the bank said.
(Source: The Citizen)
Rwanda
MPs Demand Action as Financial Management Gaps Persist
Members of Parliament have called on the Ministry of Finance and Economic Planning to address weaknesses in financial management after a parliamentary report found that 48 per cent of the institutions reviewed made payments without purchase orders.
The concern was raised on Monday, May 18, during a plenary session in which the Parliamentary Committee on Governance, Gender, and Development presented its assessment of the 2024/2025 activities report and the 2025/2026 action plan of the Rwanda Governance Board (RGB).
MP Théogène Munyangeyo said the findings reflected serious gaps in accountability and public finance management.
(Source: The New Times)
Ethiopia
Investors Praise Ethiopia’s Economic Reforms
Investors in Ethiopia’s agro-processing sector have affirmed that ongoing economic reforms and industrial support initiatives are creating favourable conditions for business expansion and investment growth.
They noted that the government has introduced a range of reforms and incentives aimed at strengthening both local and foreign investment.
According to investors, encouraging measures include recent macroeconomic reforms, the “Made in Ethiopia” initiative, and various policy adjustments aimed at boosting domestic manufacturing and industrial productivity.
(Source: ENA)
Sudan
Banking App Outages Paralyse Sudan Markets Ahead of Eid
Sudanese markets ground to a near halt ahead of Eid al-Adha as banking application failures compounded an already severe cash shortage, leaving citizens unable to complete purchases and traders reporting sharp declines in business activity.
Citizens told Sudan Tribune they were unable to buy Eid necessities after the Bankak app, operated by the Bank of Khartoum, went down.
“I had to return home without buying anything for Eid,” said Taj al-Din al-Tayyib from Khartoum. “There is no cash in the markets, and the apps have stopped working.”
In Medani, Gezira State, Abdullah Abdel Rahman said the crisis was compounded by livestock traders refusing to sell through deferred electronic transfers until the apps were restored, effectively freezing commerce. The Fawri app, operated by Faisal Islamic Bank, also failed under the surge in traffic as users sought alternatives, deepening the disruption.
(Source: Sudan Tribune)
Somalia
Somali Finance Minister Engages AfDB to Accelerate Economic Reforms and Investment Inflows
Somalia’s Minister of Finance, Hon. Bihi Iman Cige, held a high-level bilateral meeting with the 9th President of the African Development Bank Group (AfDB), Dr. Sidi Ould Tah, on the sidelines of the ongoing AfDB Annual Meetings in Brazzaville.
The discussions focused on evaluating Somalia’s progress under its national economic reform framework, strengthening macro-fiscal stability, and highlighting investment and infrastructure development opportunities across the country.
During the consultations, both delegations assessed the AfDB’s strategic role in supporting Somalia’s post-relief reconstruction and in financing high-impact development projects.
Minister Cige reiterated the Federal Government of Somalia’s commitment to sustaining institutional fiscal reforms, improving the domestic investment climate, and creating sustainable employment opportunities to support long-term economic growth.
(Source: SONNA)
