Financial
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Minister concerned over low uptake of IsDB money
ALEBTONG, April 28, 2024 – Local government Minister, Raphael Magyezi has raised concerns over poor absorption of Shs 3 billion given by the Islamic Development Bank to Alebtong district under the Local…
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Trident Energy’s Republic of Congo oil field acquisition lauded as key step forward
JOHANNESBURG, April 28, 2024 – Oil and gas company Trident Energy has secured agreements with multinational energy companies Chevron and TotalEnergies to obtain stakes in the Republic of Congo’s oil fields. The…
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Kenyan farmers get fertiliser boost with US$ 2mln AFFM credit guarantee
NAIROBI, April 28, 2024 – In a significant step to advance food security in Kenya, the Africa Fertiliser Financing Mechanism [AFFM] on Friday launched a project that will help deliver nearly 8,000…
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Scarce resources force Works ministry to focus on road maintenance
KAMPALA, April 26, 2024 – As a new strategy, the government will now focus more on the maintenance of existing roads over construction of new ones. This decision comes amidst reduced allocations…
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Bundibugyo cocoa farmers reap big as prices shoot up
BUNDIBUGYO, April 26, 2024 – Cocoa farmers in Bundibugyo district are reaping big from the crop as prices rise to between Shs 25,000 to Shs 31,000 per kilogramme which farmers say has…
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Global commodity prices level off, hurting prospects for lower inflation
WASHINGTON, April 25, 2024 — Global commodity prices are leveling off after a steep descent that played a decisive role in whittling down overall inflation last year, which could make it harder…
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Lira City launches Shs 834mln beautification and greening project
Lira City, April 25, 2024 Lira City Council has launched a Shs 834 million beautification and greening project to be implemented by a private company, Dubai Garden Centre (U) Limited. According to…
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Minister urges women to embrace govt programmes
MBALE, April 25, 2024 – The Minister of State Elderly, Dominic Mafwabi Gidudu has urged the women in Uganda to embrace different government programmes aimed at driving poverty out of households. According…
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Feasibility studies for major EAC expressway set to begin soon
BUSIA, April 24, 2024 – The feasibility studies for the 256-kilometre multinational Kisumu-Kisian-Busia/Kakira-Malaba-Busitema-Busia Expressway is set to start soon after the East African Community [EAC] officially handed over the site to the…
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Africa’s US$ 824bln debt burden and opaque resource-backed loans hinder its potential, AfDB boss warns
WASHINGTON, D.C, April 24, 2024 – Africa’s immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth, African Development Bank President Dr Akinwumi…
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