East Africa in February 2026: the most important developments in economy
In East Africa in February 2026, the most prominent economic development was the telecommunications infrastructure deal in which MTN Group agreed to acquire full control of IHS Towers. MTN, already a major shareholder, is to take over the remaining shares, with the company valued at between $2.76 billion and $6.2 billion. The purchase forms part of MTN's plan to consolidate its tower assets across its key markets.
Elsewhere in the region, Kenya launched a national carbon registry to track carbon credits generated in the country, with the aim of improving transparency and attracting climate finance. An audit report identified financial and operational irregularities in the management of Kenya Railways. Rwanda signed a memorandum of understanding with the US artificial intelligence company Anthropic to explore uses of the technology in health, education and public services, while Egypt and Kenya agreed to deepen cooperation in industrial development and water management. In Zambia, the state-owned mining investment firm ZCCM-IH was reported to be considering its own metals trading unit.
by WorldBrief & Maksim Micheliov | AI-generated summary
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