This week in Change Africa: Rwanda slams the door on ECCAS, denouncing the bloc as ineffective and politicized; in Ngong, northern Cameroon, peanuts, a native agricultural esteem, struggle to achieve their plump financial doable; and in Kenya, bitcoin makes its draw into Nairobi’s slums, offering a fresh route to monetary inclusion.
Central Africa: What Lies Behind Rwanda’s Departure from the ECCAS?
On June 8, 2025, Rwanda announced its withdrawal from the Financial Neighborhood of Central African States (ECCAS) after 16 years of membership. This resolution, driven by interior political tensions within the regional bloc, highlights the structural difficulties of a company whose financial integration stays restricted.
In accordance to Cameroonian economist Eugène Nyambal, “What came about is that attributable to the conflict between the DRC and Rwanda, the DRC appealed to ECCAS to quiz Rwanda to forestall supporting rebels in eastern Congo. It turns out that the DRC’s keep won more sympathy from the bloc’s member countries.” Rwanda, which had hoped to mediate the rotating presidency, modified into ultimately refused, as the mandate of President Obiang Nguema modified into extended.
“This irritated Rwanda, which had already expressed concerns about ECCAS’s effectiveness,” explains Nyambal.
The marketing consultant recalls that Rwanda criticizes the bloc for feeble performance in regional integration:
“I in actual fact bear worked on ECCAS and, when when in contrast with ECOWAS or SADC, it is one of the regions where integration progresses the least. The CEMAC sub-bloc is better structured, nevertheless at the ECCAS level, the dynamism is insufficient. There is a lack of stable initiatives to achieve integration.”
Nyambal components to several components: “There is a downside of political will and institutional skill. ECCAS struggles to generate joint initiatives, and some initiatives funded by donors bear taken as much as nine years to be done, despite the incontrovertible truth that they had been planned for three or four years.”
Concerning the impact of Rwanda’s withdrawal, Eugène Nyambal stays measured: “I raise out no longer judge this can possess a significant shockwave, on fable of on this space, the ‘resource curse’ draw each and every nation can largely live to instruct the tale on its pure resources. This limits the need for stable financial integration, not like ECOWAS or East Africa where alternate is needed for trend.”
Nevertheless, Rwanda’s departure may perhaps per chance per chance perhaps complicate the dispute of the Dar-es-Salaam hall, key for Rwandan offer chains, and disrupt sectors equivalent to air transport and telecommunications. Extra broadly, ECCAS, whose intra-regional alternate accounts for barely 5% of African alternate, sees its characteristic wondered in building a dynamic regional market.
In conclusion, Eugène Nyambal stresses the need for ECCAS to reinvent itself: “For the space to development, political and institutional challenges needs to be overcome, and member states needs to be contented that their future lies in closer cooperation. With out this, the bloc will dwell on the sidelines of Africa’s significant financial integration dynamics.”
Kenya: When Bitcoin Enters the Slums
In Kibera, one of Africa’s largest slums, bitcoin is step by step establishing itself as a monetary substitute. Resulting from the Kenyan fintech AfriBit Africa, unbanked residents receive subsidies and make on daily foundation purchases using cryptocurrency. Garbage collectors, traders, vegetable sellers, a total bunch bear already adopted this draw.
An inclusive revolution, yet composed fragile in the face of regulatory and digital entry challenges. In the narrow streets of Kibera, bitcoin funds are slowly changing money. This initiative disrupts broken-down norms and redefines the draw forward for grassroots finance.
Cameroon: Ngong Peanuts, an Underused Bonanza Despite Its Doable
In the town of Ngong, northern Cameroon, peanuts are bigger than apt a chop, they are a regional financial driver. With as much as 180,000 heaps produced yearly, this flagship product affords native markets and neighboring countries equivalent to Nigeria and Chad.
Nonetheless, attributable to a lack of mechanization and effective strengthen, a mammoth fragment of production escapes the formal financial system. A huge agricultural opportunity that stays undervalued.