Organisations
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US$ 4.3trn required to promote agroecology globally
ARUSHA, June 20, 2024 – The philanthropies are soliciting close to US$ 4.3 trillion to finance the global promotion of agroecology in the next 10 years. This was disclosed during the recent…
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Geopolitical risks continue to loom over central bank FX reserves
LONDON, May 19, 2024 – Two surveys of central bank foreign exchange reserve managers have been published in recent weeks – both of which highlighted that geopolitical risks were now considered to…
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EU pork producers afraid as China launches anti-dumping investigation into meat exports
LONDON, June 18, 2024 – China has launched an anti-dumping probe into the European Union’s pork exports, which experts fear could impact European food producers. The move follows last week’s conclusion of…
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Industry shock as BoU revokes Mercantile Credit Bank licence
KAMPALA, June 18, 2024 – The Bank of Uganda [BoU] has with immediate effect revoked the licence of Mercantile Credit Bank Limited and ordered the lender to wind up its affairs, sending…
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G-7 leaders reaffirm support for billion-dollar infrastructure programme for Africa
ABIDJAN, June 18, 2024 – G-7 leaders meeting at their summit in Puglia, Italy have reaffirmed support for multi-billion-dollar infrastructure projects across Africa to realise the continent’s economic potential and transformation. US…
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Somalia reaffirms commitment to EAC integration
NAIROBI, June 18, 2024 Somalia has reaffirmed its commitment to integrating into the East African Community [EAC], demonstrating strong participation in a pivotal regional meeting currently underway in Nairobi, Kenya. The one-week…
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Oikocredit announces US$ 10mln loan to APC to support SMEs in Africa
NAIROBI June 17, 2024 – Social impact investing cooperative Oikocredit has made a first-time loan of US$ 10 million [€9.3mln] to AfricInvest Private Credit [APC] to augment support for small and medium…
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Uganda’s year-on-year coffee exports fetch Shs 4trn
KAMPALA, June 16, 2024 – Uganda’s coffee exports for the twelve months [June 2023-May 2024] totaled 6.02 million bags worth US$ 1.07 billion [about Shs 4 trillion] compared to 5.73mln bags worth…
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Draw for TotalEnergies Africa Cup of Nations Morocco 2025 Qualifiers set for July
KAMPALA, June 16, 2024 – The journey to the TotalEnergies CAF Africa Cup of Nations Morocco 2025 will resume with the draw for the Qualifiers on July 4, 2024, in Johannesburg, South…
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Regional bodies sign MoU to implement COMESA Biotechnology Implementation Plan
LUSAKA, June 16, 2024 – The Alliance for Commodity Trade in Eastern and Southern Africa [ACTESA] has signed a memorandum of understanding [MoU] with the Acquisition of Agri-biotech Applications [ISAAA AfriCenter] to…
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