Africa
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News
African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
RABAT, December 15, 2024 — In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Odrek Rwabogo inaugurates new coffee factory in Bugisu
MBALE, December 11, 2024 – The Chairman of the Presidential Advisory Committee on Exports and Industrial Development [PACEID], Odrek Rwabwogo, recently inaugurated the Balambuli Kwigatte Coffee [BKC] Factory and the Elgon Production…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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Uganda poised to benefit from COMESA electricity trade initiative
KAMPALA, November 27, 2024 – Uganda is set to gain from a lucrative electricity trade deal involving at least 15 countries through the Eastern Africa Power Pool [EAPP], an intergovernmental initiative aimed…
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Africa must strengthen accountability and governance to prosper – Botswana President Duma Boko
GABORONE, November 25, 2024 — Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone.…
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ICA Global Cooperative Conference 2024 begins on Monday
KAMPALA, November 22, 2024 — On Monday next week The 2024 ICA Global Conference will hit Indian soil for the first time in its 130 years! New Delhi will host cooperators from…
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ADF releases initial support of US$ 99mln to finance the development of rice cultivation value chains in West Africa
ABIDJAN, November 21, 2024 — The Board of Directors of the African Development Fund [ADF] has approved initial funding of US$ 99.16 million to develop regional rice cultivation value chains as part…
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Uhuru at 10: CEO says organisation aims to become a global brand in the next decade
KAMPALA, November 21, 2024 – The cooperative movement in Uganda is emerging from dormancy to reclaim its rightful place in the country’s socio-economic development. Among the key stakeholders driving the strengthening of…
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African leaders want continent’s natural assets worth trillions of dollars to be part of measuring GDP of countries
BAKU, November, 19, 2024 – African Heads of State and government are calling for the continent’s vast natural capital to be considered when measuring their countries’ Gross Domestic Product [GDP]. In a…
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