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TodayFriday, May 01, 2026

East Africa economy

Benard Paul Mono, Acting Director General of the East African Development Bank (EADB), says the “giant is awake” as the Bank moves to accelerate lending, deepen regional partnerships, and grow its loan book to USD 600 million by 2027.
Benard Paul Mono, Acting Director General of the East African Development Bank (EADB), says the “giant is awake” as the Bank moves to accelerate lending, deepen regional partnerships, and grow its loan book to USD 600 million by 2027.

The Giant is Awake—and Open for Business: EADB Targets USD 600 Million by 2027 — A Q&A with Acting Director General Benard Paul Mono

At the end of 2024, EADB reported total assets of approximately USD 506 million, but only about 30% of that balance sheet was deployed into customer lending. A significant portion remained in
April 17, 2026
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Zahid Mustafa (left), CEO of I&M Bank Tanzania, with Muhereza Kyamutetera (right), Executive Editor of CEO East Africa Magazine, during a conversation on leadership, strategy, and regional integration.
Zahid Mustafa (left), CEO of I&M Bank Tanzania, with Muhereza Kyamutetera (right), Executive Editor of CEO East Africa Magazine, during a conversation on leadership, strategy, and regional integration.

Inside Zahid Mustafa’s Turnaround Playbook: How I&M Bank Tanzania Reclaimed Growth and Relevance

This integration extends beyond trade. Tourism and human mobility are equally regional, with nearly 78% of Uganda’s international visitors coming from neighbouring East African countries, reflecting a region that is increasingly living,
April 13, 2026
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Ugandan Minister of State for Foreign Affairs John Mulimba (left) and Tanzanian Foreign Minister Mahmoud Thabit Kombo sign a joint communiqué in Dar es Salaam on March 13, 2026, committing both countries to eliminate non-tariff barriers and address a UGX 9 trillion trade imbalance between the two neighbors.

Uganda, Tanzania Move to Eliminate Trade Barriers in Bid to Correct UGX 9 Trillion Trade Imbalance

Uganda and Tanzania have agreed to eliminate all outstanding non-tariff barriers, a move intended to fix a trade relationship currently weighed down by a 9 trillion shilling ($2.4 billion) imbalance. The mandate
March 15, 2026
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A photo collage of Uganda's powerful businessmen; Simba Group's Patrick Bitature, Hamis Kiggundu of Ham Group of Companies, Kampala International University Proprietor, Hassan Basajjabalaba and Dei BioPharma's Mathias Magoola.

Debt, Deals & Disputes: Inside the High-Stakes Legacy-Altering Legal Battles of Ugandan Billionaires — Bitature, Basajjabalaba and Dei’s Magoola

The past five years have not gone particularly well for Uganda’s billionaire class. Once the undisputed symbols of local enterprise and ambition, several of the country’s most prominent businessmen have found themselves
November 10, 2025
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