Kenya

Stablecoins Gaining Traction In Kenya as Households Seek Relief From Inflation

As the cost of living in Kenya continues to rise and the shilling remains under pressure, more households are turning to stablecoins to safeguard their savings and handle daily financial transactions. A report by crypto exchange firm Bybit shows that ongoing currency depreciation and high import costs have reduced purchasing power, making it harder for households and small businesses to preserve value in local currency. In response, digital currencies pegged to the US dollar, such as USDT, USDC, and DAI, are becoming more popular as alternative stores of value and payment methods.

 (Source: Citizen Digital)

Uganda

Uganda Moves to Buy Stake in Kenya Oil Pipeline

Uganda plans to utilise part of a proposed $2 billion loan backed by global oil trader Vitol to acquire a stake in Kenya Pipeline Company (KPC), the strategic fuel transporter responsible for most of Uganda’s petroleum imports, according to a finance ministry brief seen by ChimpReports. The plan coincides with Kenya’s preparations to divest up to 60% of KPC through an initial public offering (IPO), opening the state-owned pipeline operator to regional governments and investors. In a request to Parliament, Uganda’s Ministry of Finance stated that the borrowing would support several oil-sector investments, including the “acquisition of shares in Kenya Pipeline Company,” as well as the expansion of fuel storage, pipelines, and refinery infrastructure.

 (Source: ChimpReports)

Tanzania

Cement Company Signs EPC Contract with China for New Clinker Lines in Mbeya and Tanga

Mbeya Cement Company Limited, a subsidiary of the Amsons Group, has signed an engineering, procurement, and construction (EPC) contract for developing two new clinker production lines in Tanzania. The EPC contract was signed with Sinoma International (Nanjing) Engineering Co.

China on 12 December 2025. The agreement includes the construction of one clinker production line in the Mbeya Region and another in the Tanga Region. The new clinker lines are expected to increase Mbeya Cement Company Limited’s production capacity and support the long-term expansion plans of the Amsons Group in Tanzania’s cement and building materials sector. The project aims to increase domestic clinker supply for cement manufacturing, thereby reducing dependence on imports and enabling the supply of cement to both local and regional markets.

 (Source: Tanzania Invest) 
Rwanda

Inside Rwanda’s Growing Avocado Value Chain

S&I Fresh began exporting avocados abroad in 2021 with just 200 kilogrammes per week. Four years later, the Kigali-based company has become a reflection of Rwanda’s rapidly growing avocado industry, driven by farmer and investor participation, government backing, and increasing global demand. The company’s Managing Director, Sada Gakuru, told The New Times that its exports have gradually risen and now range from 5 to 12 tonnes per week, depending on seasonal factors—whether harvests are relatively small or large.

(Source: The New Times Rwanda) 

Ethiopia

India’s PM Visit to Ethiopia Highlights Growing Role of Finance In South–South Trade

The visit of Indian Prime Minister Narendra Modi to Addis Ababa this week marks more than a diplomatic milestone. By elevating India–Ethiopia relations to a strategic partnership, the two governments signalled an intention to move decisively from political goodwill towards deeper economic and institutional cooperation. Coming at a time when the Global South is reshaping its development pathways, the visit carries significance well beyond protocol.

(Source: The Star)

Sudan 

South Sudan, Sudan Agree to Resume Production at Heglig, Bamboo Oil Fields

South Sudan’s Foreign Minister Semaya Kumba announced an agreement with the Sudanese government to resume operations at the Heglig and Bamboo oil fields in West Kordofan state, as video footage showed RSF second-in-command Abdel Rahim Dagalo touring Heglig. Operations at the Heglig field ceased after the Rapid Support Forces (RSF) took control of the area on Dec. 8. The field contains approximately 75 oil wells and a central processing facility with a capacity of 130,000 barrels per day. It handles oil produced in South Sudan’s Unity State, which is transported and exported through Sudanese territory.

(Source: Sudan Tribune)

Somalia

Türkiye, Somalia to Cooperate in Fisheries Sector

Türkiye’s industrial group OYAK and Somalia’s Ministry of Fisheries and Blue Economy signed a strategic cooperation and services agreement on Wednesday to work together in the fisheries sector. The signing ceremony, held at OYAK headquarters in the capital Ankara, was attended by Turkish National Defence Minister Yasar Guler, Somali Ports and Marine Transport Minister Abdulkadir Mohamed Nur, Somali Fisheries and Blue Economy Minister Ahmed Hassan Aden, Turkish Chief of General Staff Gen. Selcuk Bayraktaroglu, OYAK Chair Zekai Aksakalli, and Murat Yalcintas, the CEO of OYAK. The agreement aims to ensure that fisheries activities in Somalia are carried out under a centralised, sustainable, and fully registered framework.

(Source: Anadou Ajansi)