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41 African countries set for stronger growth in 2024 – African Development Bank’s Economic Outlook
NAIROBI, June 1, 2024 – African economies remain resilient, despite challenges that are testing economies worldwide. According to the latest African Development Bank Group’s African Economic Outlook, 41 countries on the continent…
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African Development Bank Group Unveils New Ten-Year Strategy 2024–2033
NAIROBI, June 1, 2024 – The African Development Bank Group has unveiled its new Ten-Year Strategy 2024–2033, a blueprint to confront Africa’s pressing challenges and to help put the continent firmly back…
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Agreement to expand American Express acceptance in Sub-Saharan Africa signed
NAIROBI, Kenya, May 30, 2024 – American Express and Ecobank Group, the leading pan-African financial services Group, announced an agreement to significantly expand American Express Card acceptance in 21 countries in Sub-Saharan…
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Chief economists: The economic outlook is brightening but political risks loom large in 2024
KAMPALA, 29 May 2024 – The latest Chief Economists Outlook released today presents a growing sense of cautious optimism about the global economy in 2024. More than eight in ten chief economists expect…
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WHO launches its first Investment Round to sustainably finance its Health for All mandate
KAMPALA, May 27, 2024 – The World Health Organisation [ WHO ] launched its first-ever Investment Round on Sunday as part of a broader plan to transform the way the Organisation is…
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Museveni urges Ntungamo locals to support new coffee factory
NTUNGAMO, May 23, 2024 – President Yoweri Museveni wants the people of Ntungamo to unite, and support the coffee factory established by Inspire Africa Coffee Group if they are to improve their…
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Tourism is back to pre-pandemic levels, but challenges remain, study says
KAMPALA, May 21, 2024 – International tourist arrivals and the travel and tourism sector’s contribution to global gross domestic product [GDP] are expected to return to pre-pandemic levels this year, driven by…
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Magazine
ExxonMobil and NBA Africa launch Jr. NBA League in Angola
LUANDA, May 20, 2024 – Global energy company, ExxonMobil and National Basket Association Africa [NBA Africa] have launched a new Jr. NBA league in Luanda, Angola operated by PanAfricare, a non-profit organisation…
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News
Spiro agrees to US$50mln debt facility with Afreximbank to accelerate expansion
KIGALI, May 18, 2024 – Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for a US$ 50 million debt facility with the…
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News
MPs order closure of Hoima City abattoir
HOIMA CITY, May 16, 2024 – Members of Parliament [MPs] have called for the immediate closure of the abattoir in Hoima City over unhygienic conditions which they say pose health hazards to…
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