Financial
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Zimbabwe goes for Brazilian maize amid drought
HARARE, May 17, 2024 – The Grain Millers Association of Zimbabwe [GMAZ] has embarked on a crucial mission to Brazil to source maize grain in response to a catastrophic drought that has…
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MPs approve Shs 152bln for Hoima City stadium construction
KAMPALA, May 17, 2024 – Construction of Hoima City stadium is expected to start after Parliament approved the required Shs 152 billion which is part of the Shs 288.6bln supplementary budget. The…
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Zimbabwe’s First Capital Bank gets US$ 15mln loan to support local SMEs
ABIDJAN, May 16, 2024 – The Board of Directors of the African Development Bank Group has approved a US$ 15 million trade finance package for First Capital Bank [FCB] in Zimbabwe to…
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Launch of global platform for coffee industry players to transform 40mln tonnes of biowaste into business
KAMPALA, May 16, 2024 -The global coffee industry generates nearly 40 million tonnes of biowaste each year – that’s about seven times the weight of the Great Pyramid of Giza. Instead of…
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Kikuube residents appeal for relief aid as heavy rains devastate homes, farms
KIKUUBE, May 16, 2024 – Over 400 residents from eight villages in Kyangwali Sub-county, Kikuube district are appealing for relief supplies after their crop gardens and homes were devastated by heavy rains…
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COMESA region moving closer to harmonised energy regulatory regime
CAIRO, May 15, 2024 – Energy experts recently met in Cairo, Egypt for a two-day consultative workshop on regional harmonisation of regulatory frameworks and tools for improved electricity regulation in the COMESA…
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Africa requires US$ 277bln annually to achieve 2030 SDGs, says IAE 2024 Panel
PARIS, May 15, 2024 – Boasting 60 percent of the world’s best solar resources, Africa’s solar power potential presents multiple opportunities for investors seeking long-term, scalable financial prospects. A panel session during…
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Minister Magyezi lauds Alebtong district over PDM money
ALEBTONG, May 14, 2024 – Local Government Minister, Raphael Magyezi has lauded Alebtong District Local Government for exhausting Shs 6.9 billion government released for the beneficiaries of the Parish Development Model [PDM].…
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NDA clears Dei Biopharma to manufacture key vaccines
KAMPALA, May 14, 2024 – Dei Biopharma Limited based in Matugga, Wakiso district, has received National Drug Authority [NDA] accreditation, marking a significant milestone in the company’s commitment to delivering high-quality vaccines…
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PAPSS hosts its inaugural Bank Chief Executive Officers Consultative Forum
CAIRO, May 13, 2024 – Promoters of the Pan-African Payment & Settlement System [ PAPSS ], namely African Export-Import Bank [Afreximbank], African Union Commission [AUC] and African Continental Free Trade Area [AfCFTA]…
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