AGP Executive Report
Last update: 3 hours agoEAC Trade Surge: The East African Community recorded $52.3bn (Sh6.81tn) in total trade in Q2 2026, up 37% year-on-year, with Kenya keeping its lead as exports rose 41.3% to $26.3bn. Regional Finance for Trade: Afreximbank issued a $29m guarantee to scale the EAC Customs Bond via BSMART Technology, aiming to speed up cross-border movement of goods through a more digital customs process. Horticulture Push: Nine Eastern African countries launched the Horticulture Council of Eastern Africa (HoCEA) to cut trade barriers, improve logistics and cold chains, and tackle high post-harvest losses. Burundi-Rwanda Commerce Despite Border: Burundi is still importing large volumes of Rwandan goods even after the land border closure, with Rwanda exports to Burundi rising to $13.39m in Q2 2026. Power Cuts Hit Local Economy: In Rumonge, repeated electricity outages are disrupting businesses and schools, with some banks and microfinance forced to rely on costly generators amid fuel shortages. Farming Inputs Shortfall: In Ruyigi, farmers report three seasons without chemical fertilizers, blaming delays and mistrust around beneficiary registration. Education Strain: Kayanza schools start the year with a teacher gap—only 147 of 380 requested new teachers were assigned, while some recruits from Nov 2025 still await salaries. Vehicle Financing Deal (Kenya): NCBA Group signed with Transafrica Motors to finance FAW commercial vehicles for SMEs and fleets, offering up to 90% funding and up to 60-month repayment terms. Health Funding Boost: UNFPA and partners pledged over $715m for reproductive health at UNGA81, including commitments from Burundi and other countries.
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