News
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Investment conference to strengthen local governments participation in intra-African trade set to be held in Kenya
CAIRO, October 29, 2024 — In a bid to strengthen the role of Africa’s sub-sovereign governments in driving intra-African trade and investment, and the successful implementation of the African Continental Free Trade…
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Museveni castigates NAADS, UCDA as he lauds Operation Wealth Creation in statement
KAMPALA, October 29, 2024 — On October 27, 2024, President Museveni gave more reasons why UCDA should be abolished, having made another statement on the same a day earlier. In the latest…
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MDBs sign US$ 1bln exchange exposure agreement to increase development lending capacity to African nations
WASHINGTON, DC., October 28, 2024 — The African Development Bank (AfDB] and the Asian Development Bank [ADB] have signed a US$ 1 billion exchange exposure agreement [EEA] aimed at enhancing the African…
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Eliminate all barriers to transportation in region, EAC Partner States urged
ARUSHA, October 28, 2024 — The East African Community [ EAC ] Partner States have been called upon to eliminate all physical and non-physical barriers to transportation to enhance cross-border trade and…
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Fishing: Amolatar district boss demands withdrawal of UPDF from L. Kyoga
AMOLATAR, October 28, 2024 — Geoffrey Ocen Kiring, the LC5 Chairperson of Amolatar district, has called for an amendment to the Fisheries and Aquaculture Act, 2023, to allow fishermen to use boats…
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Hoima district resumes disbursement of PDM funds
HOIMA, October 28, 2024 — Hoima district authorities have resumed disbursing Parish Development Model [PDM] funds to beneficiaries. Launched in February 2022, the PDM is a government initiative aimed at transitioning 3.5…
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Ony13 percent of Ugandans use Internet for business – report
KAMPALA, October 28, 2024 – Only 13 percent of Ugandans use the Internet for business, according to research by the International Telecommunication Union [ITU] on consumption and usage of communication services. The research…
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Uganda aims to reactivate 1963 trade deal with Serbia
KAMPALA, October 26, 2024 — State Minister for Trade Gen. Wilson Mbadi Mbasu has led a delegation to Serbia for a Joint Commission for Trade Cooperation session in Belgrade. This trade mission…
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G7 endorses Global Coffee Sustainability and Resilience Fund, ushering in a new era for the coffee industry
PESCARA, October 26, 2024 ‒ The International Coffee Organisation [ICO] participated for the first time in its history in the G7 Development Ministers’ Meeting in Pescara, Italy from October 22-24, 2024, where…
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IMF’s Sub-Saharan Africa Regional Economic Outlook: Reform amid great expectations
Washington, DC – October 26, 2024 — Sub-Saharan Africa’s economic growth is projected to remain subdued at 3.6 percent in 2024, unchanged from 2023, with a modest pickup to 4.2 percent expected…
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