Kenya

Government Sells 15% Stake in Safaricom for KSh 240.5B

The government is set to sell a 15 per cent stake in Safaricom, valued at KSh 240.5 billion. The National Treasury CS, John Mbadi, says the funds will be used as seed capital for the National Infrastructure Fund. “This is a well-considered decision that has earned the government a 26.6 per cent premium,” Mbadi said. The planned sale now leaves the government with a 25 per cent shareholding in the country’s leading telco. Other shareholders in the company include Vodacom at 35 per cent, Vodafone at 5 per cent, while shareholders at the Nairobi Securities Exchange (NSE) hold a 25 per cent stake.

(Source: The Star)

Tanzania

Credit Expansion Hits Record High As Banks Push Deposits To The Edge

Commercial banks in Tanzania have ramped up lending to record levels this year, with total domestic credit reaching TSh 49.01 trillion in the quarter ending September 2025. This points to a strong credit appetite and a banking sector operating close to its liquidity frontier.

The latest statistical bulletin from the Bank of Tanzania shows total lending rising from TSh 44.45 trillion in March to TSh 49.01 trillion in September 2025. Total deposits stood at TSh 50.32 trillion by September, up from TSh 45.94 trillion six months earlier, signalling continued depositor confidence while also highlighting the increasingly tight liquidity conditions in the sector.

(Source: The Citizen)

Uganda

High-Speed Internet Backbone Extended to Kanungu

Kanungu District has been connected to Uganda’s National Backbone Infrastructure under Phase 5 of the project. The extension follows the national rollout of Phase 5 in Moroto District in December 2024. Officials said the decision to prioritise Kanungu reflects the government’s commitment to balanced development and the President’s directive that no district should be left out of Uganda’s digital transformation. Dr Mugasa described the project as a major step forward for Kanungu and its people.

(Source: The Monitor)

Rwanda

Rwanda Capital Market Launches Grassroots Investment Campaign

Rwanda’s capital market stakeholders launched a grassroots outreach campaign in Gisagara District, using the inaugural Capital Market Community Engagement to connect directly with communities and channel routine savings into long-term investments. During the sessions, market players explained how the capital market works, the protections in place for investors and issuers, and the regulator’s role. They also gave new investors a simple step-by-step path to open an account through a licensed intermediary, set clear financial goals and timeframes, and choose suitable products such as shares, bonds, or collective investment schemes.

(Source: The Times)

Ethiopia

Ethiopia Ready to Gamble on Sustainable Aviation Fuel

Ethiopia has formally begun positioning itself as a producer of sustainable aviation fuel (SAF) following the conclusion of a national feasibility study that confirmed the country has both the land and renewable energy capacity to supply the emerging global aviation fuel market. During a multi-stakeholder validation workshop held in Addis Ababa’s Skylight Hotel on Thursday, November 27, experts presenting the feasibility study told officials and industry representatives that Ethiopia could produce low-carbon aviation fuel using local crops, municipal waste, sugar byproducts and renewable energy sources.

(Source: The Reporter)

Sudan 

World Bank Team Visits Sudan for the First Time Since 2021 Coup

A high-level delegation from the World Bank arrived in Port Sudan on Monday to review projects that have been stalled since the formal relationship was suspended in 2021, the Ministry of Finance announced.

The Bank had previously halted over USD1.8 billion in grants designated for budget support, agricultural irrigation, and improving electricity production and delivery following the military coup of October 25, 2021. Finance Minister Gibril Ibrahim welcomed the Bank’s return, telling the mission that the government’s immediate priorities include reconstruction, the rehabilitation of infrastructure in Khartoum, and the restoration of essential services such as health, education, water, and electricity.

 The World Bank mission included the Regional Director for Sudan, Ethiopia, and Eritrea, Mariam Salim; the Country Manager, Ouenchiro Ishihara; and the economist Mohamed Osman. Mariam Salim confirmed the purpose of the visit was to assess the performance of the USD540.2 million portfolio of active projects. She noted that a special Bank meeting in November extended support for Sudan via new projects focused on food security and basic services.

(Source: The Sudan Tribune) 

Somalia

Trump Says He Does Not Want Somalis in the U.S. As ICE Plans Minnesota Operation

U.S. President Donald Trump has said he does not want Somali immigrants in the US, telling reporters they should “go back to where they came from, and their country is no good for a reason. I don’t want them in our country, I’ll be honest with you,” he said during a cabinet meeting on Tuesday. Trump said the U.S. would “go the wrong way if we keep taking in garbage into our country”. His disparaging comments came as immigration authorities were reported to be planning an enforcement operation in Minnesota’s large Somali community. In response, the prime minister of Somalia said he would not give Trump’s comments importance and suggested they should be ignored.

(Source: BBC)