Africa
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News
Tayebwa urges Europeans to invest in Uganda’s coffee sector
KAMPALA, May 24, 2024 – Deputy Speaker of Parliament, Thomas Tayebwa, has called for the support of visiting Germany legislators to push the rest of the European Union [EU] countries to import…
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Tourism is back to pre-pandemic levels, but challenges remain, study says
KAMPALA, May 21, 2024 – International tourist arrivals and the travel and tourism sector’s contribution to global gross domestic product [GDP] are expected to return to pre-pandemic levels this year, driven by…
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Spiro agrees to US$50mln debt facility with Afreximbank to accelerate expansion
KIGALI, May 18, 2024 – Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for a US$ 50 million debt facility with the…
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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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UTB, Emirates sign MoU to stimulate inbound tourism
KAMPALA, May 14, 2024 – The Uganda Tourism Board [UTB] has signed a Memorandum of Understanding (MoU) with Emirates to drive inbound tourism and boost visitors to Uganda, the Pearl of Africa.…
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AfDB proposes Annual Africa Media Prize to promote more balanced reporting of continent and its achievements
NAIROBI, May 11, 2024 – Akinwumi Adesina, the President of the African Development Bank [AfDB], announced the creation of an Annual Africa Media Prize to recognise and profile African journalists, correspondents, and…
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Putting clients first: Centurion Law Group rebrands as CLG
SANDTON, May 9, 2024 – Pan-African legal and business advisory group Centurion Law Group has officially rebranded to CLG, underscoring a firm-wide commitment to innovation and growth. According to the press release,…
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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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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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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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