Topics
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ITFC signs multiple agreements with member countries, Uganda gets US$ 150mln
RIYADH, April 29, 2024 – The International Islamic Trade Finance Corporation [ ITFC ], a member of the Islamic Development Bank [IsDB] Group, commenced the first day of the 49th IsDB Group…
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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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Parliament to continue supporting State House Presidential Skilling Programme
KABALE, April 26, 2024 – The Deputy Speaker of Parliament, Thomas Tayebwa has reiterated that parliament will continue to support State House Presidential Skilling Programme which is mainly aimed at fighting unemployment…
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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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AFSA officially launches “Seed Is Life” campaign to uphold farmer-managed seed systems
KAMPALA, April 26, 2024 – The Alliance for Food Sovereignty in Africa [ AFSA ] has launched its “Seed is Life” campaign, an initiative aimed at promoting farmer-managed seed systems [FMSS] and…
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Rwanda: ADF to provide a partial credit guarantee to support the financing of green and sustainable initiatives
ABIDJAN, April 25, 2024 – The Board of Directors of the African Development Fund [ADF], the concessional lending arm of the African Development Bank Group [AfDB], has approved a partial credit guarantee…
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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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