East Africa in June 2026: the most important developments in economy
In East Africa in June 2026, the United States sanctioned a Rwandan gold refinery accused of smuggling minerals from the Democratic Republic of Congo, on 26 June. The next day Tanzania had a nationwide blackout after a power grid failure. On 29 June the trader Mercuria signed its first uranium financing deal, with a Malawi miner. Zambia won broad support for a debt-for-energy swap and said it had enough support for a bond buyback after sweetening the deal. Burundi planned to raise government spending in the next fiscal year, helped by mining revenue, and Kenya entered a partnership with Nokia on artificial intelligence initiatives.
by WorldBrief & Maksim Micheliov | AI-generated summary
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