Trade and Financial Services Round-Up

  • 3 Oct 2026
  • 4 Mins Read
  • 〜 by Stacie Mburugu

Kenya 

Kenya’s Electricity Consumption Rises as E-Mobility Uptake Grows 

Kenya’s electricity consumption increased in the year ending June 2026, with electric mobility recording the fastest growth across customer categories, according to the Energy and Petroleum Regulatory Authority (EPRA). Electricity consumption for electric mobility rose by 143.01 per cent, from 5.04 gigawatt-hours (GWh) in the previous year to 12.25 GWh by June 2026. EPRA attributed the increase to growing uptake of the e-mobility tariff, with the number of e-mobility customers rising from 115 to 543 during the period. 

(Source: Citizen) 

Uganda 

Verto and Visa Launch Multi-Currency Cards for African Businesses 

Global cross-border payments platform Verto, in partnership with Visa, has launched a multi-currency corporate card to help African businesses reduce foreign exchange costs,  improve international spending and operate more efficiently across global markets. The Verto Card enables businesses to spend directly from their existing Verto currency balances, without moving funds between accounts or converting money before making payments. Verto operates in Uganda, providing cross-border business-to-business foreign exchange and payment services. 

(Source: The Independent) 

Tanzania 

Tanzania Moves to Transform Mining Sector from Raw Material Exports to Higher-Value Mineral Products 

Tanzania has outlined plans to transform its mining sector from one largely focused on mineral extraction and the export of raw materials into a competitive value chain spanning processing, refining, manufacturing and the export of higher-value mineral products. The Deputy Permanent Secretary in the Ministry of Minerals, Msafiri Mbibo, made the remarks on 28 September 2026 in Helsinki, Finland, during the Tanzania–European Union Investment and Business Forum. 

Mbibo said Tanzania has significant potential to become an important player in global mineral value chains, citing the country’s deposits of gold, diamonds, tanzanite, ruby, sapphire, tsavorite and zircon, as well as critical and strategic minerals such as graphite, nickel, rare earth elements (REEs), uranium, copper and lithium. 

(Daily News) 

Rwanda 

Nsengimana: Africa Must Build AI, Unlock Financing and Scale Health Innovation 

The Africa HealthTech Summit in Kigali is bringing together thousands of delegates to discuss how Africa can accelerate AI adoption, expand digital health financing, and scale locally developed innovations. Summit Chairman Jean-Philbert Nsengimana says the continent needs to move beyond simply adopting technology by building its own solutions, attracting more private investment and strengthening collaboration across countries to improve healthcare access and delivery. 

(Source: The New Times) 

Ethiopia 

Ethiopia’s Macroeconomic Reform Delivers Concrete Results in Easing Debt Burden: Finance Minister 

Ethiopia’s comprehensive macroeconomic reform has delivered tangible results, easing the national debt burden and curbing inflation, Finance Minister Ahmed Shide announced. 

Speaking at the opening of the 2nd Finance Forum 2026 at the Adwa Victory Memorial on Tuesday, Ahmed noted that the success of the overarching economic reform reflects the ambitions of a great nation and its people. During a panel discussion at the forum, the Minister emphasised that Ethiopia is actively implementing home-grown economic reforms. 

(Source: ENA) 

Sudan 

Sudan Fuel Queues Return as Currency Plunges Past 8,000 to the Dollar 

FILE PHOTO: Motorcyclists queue for fuel at a fuel station in Khartoum, Sudan February 10, 2020. Picture taken February 10, 2020. REUTERS/Mohamed Nureldin Abdallah

Long queues returned to service stations across Khartoum and several regional states on Tuesday, highlighting a worsening fuel crisis compounded by a fresh collapse in Sudan’s currency to historic lows. The Sudanese pound weakened past 8,000 per US dollar on the parallel market, market participants said, reversing brief gains and fuelling steep inflation across transport, food staples and basic utilities. The shortages underscore mounting economic distress for households and businesses grappling with acute import bottlenecks and shrinking foreign-currency reserves. 

(Source: Sudan Tribune) 

 

Somalia 

Prime Minister Hamza Opens Somalia Tourism Exhibition in Mogadishu 

On Wednesday, the Prime Minister of the Federal Government of Somalia, H.E. Hamza Abdi Barre, opened the Somalia Tourism Exhibition on the outskirts of Mogadishu, organised by the Ministry of Information, Culture and Tourism. Hundreds of residents attended the exhibition, which showcased Somalia’s tourism potential and attractions. H.E. Hamza said Somalia has significant tourism opportunities that can contribute to the national economy if the necessary conditions are met, including appropriate human resources, modern technology and skills. 

(Source: SONNA)