Trade and Financial Service Round Up: Issue No. 42 of 2026
Kenya
UK MOBILIST Anchors QuickMart’s KSh15B IPO on Nairobi Securities Exchange
The UK Government’s Foreign, Commonwealth & Development Office (FCDO), through its MOBILIST programme, has subscribed to US$15 million (approximately KSh1.94 billion) worth of shares in QuickMart PLC’s planned Initial Public Offering (IPO) on the Nairobi Securities Exchange (NSE). Representing nearly 13% of the KSh15 billion offer, the cornerstone investment signals interest from institutional investors. It provides a reference point for retailers, prospective issuers, and equity market participants assessing capital-raising opportunities across East Africa.
(Source: Business Daily)
Uganda
MTN Uganda Partners with Starlink to Expand Satellite Internet Infrastructure for Enterprise
MTN Uganda has entered into a strategic connectivity partnership with Starlink to leverage low-Earth orbit (LEO) satellite technology and expand high-speed broadband coverage across rural and off-grid economic centres. For financial institutions, agribusiness operators, and enterprise CFOs managing distributed supply chains, improved connectivity could help address infrastructure bottlenecks, reduce transaction costs, and accelerate digital banking adoption in remote markets.
(Source: The Independent)
Tanzania
Government Sets Priority Action Plan for COP31 to Expand Access to Global Climate Finance
Tanzania’s Ministry of Environment and the Vice President’s Office have finalised a five-point national position ahead of the upcoming UN Climate Conference (COP31), prioritising access to international climate finance, carbon market frameworks, and resilient infrastructure funding. The policy priorities offer commercial banks, impact investors, and corporate leaders a clearer basis for assessing climate-aligned financial products, investment opportunities, and debt instruments.
(Source: Daily News)
Rwanda
Insurers and EV Sector Push for Data-Driven Risk Pricing Models
The Ministry of Finance and Economic Planning, along with insurance underwriters and mobility stakeholders, has urged financial regulators to shift motor insurance toward risk-based, data-driven pricing models. In response to evolving electric vehicle (EV) fleet metrics and urban mobility trends, the proposed shift would encourage insurers to use telematics data to refine risk assessments, tailor commercial premiums, and improve loss-ratio management.
(Source: New Times)
Ethiopia
INTOSAI Development Initiative Partners with National Audit Office to Strengthen Financial Transparency
The INTOSAI Development Initiative (IDI) has reaffirmed its commitment to strengthening Ethiopia’s public financial management and audit quality through institutional capacity building and the adoption of international best practices. For international investors and corporate risk officers, these efforts could support greater institutional accountability, more transparent public financial reporting, and improved assessments of investment risks associated with state-led ventures.
(Source: ENA)
Sudan
Attacks on Tendelti Energy Facilities Disrupt Regional Trade Corridors and Power Supply
Targeted drone strikes on the Tendelti power transformer station in White Nile State have reportedly severed electricity transmission lines supplying North Kordofan. The disruption poses significant supply chain challenges for agricultural processors, commercial freight networks, and cross-border trade operators navigating central Sudan.
(Source: Sudan Tribune)
Somalia
Federal Government Expands Bilateral Trade and Investment Frameworks with Morocco
A high-level Somali trade and government delegation has concluded strategic meetings with Moroccan ministries and the Chamber of Commerce, securing bilateral commitments in renewable energy, mining, agriculture, and commercial banking. The partnership lays the groundwork for expanded foreign direct investment (FDI), cross-border trade finance, and joint enterprise development between North and East African markets.
(Source: SONNA)
