Burundi
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East Africa
Port of Bujumbura to be modernised
BUJUMBURA – Renovation work on the Port of Bujumbura – part of a vast project to develop the regional corridor to Lake Tanganyika got underway days ago at a launch ceremony attended…
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Western
Farmers tipped on agroecology to mitigate climatic change disruptions
MBARARA – The Eastern and Southern Africa Small Scale Farmers Forum [ESSAF Uganda] has appealed to small-scale Farmers in the country to embrace agroecology in a bid to contain some of the…
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East Africa
Mid-term growth for East Africa region projected highest on the continent for 2023-2024
KAMPALA – East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development…
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Africa
CECAFA U18 Women’s Championship: Uganda seeks to keep perfect run intact against Burundi
BUJUMBURA – Uganda U18 women’s national team will go into Tuesday’s game Burundi seeking to keep their brilliant run so far. The junior team has registered two wins in as many games…
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East Africa
Burundi, Kenya get IMF loans to support economic growth
WASHINGTON – The International Monetary Fund [IMF] days ago approved US$ 271 million loan to Burundi under Extended Credit Facility [ECF] arrangement, with US$ 62.6mln ready for disbursement immediately. According to the…
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East Africa
AfDB approves trade finance transaction guarantee facility to Bancobu
BUJUMBURA – The African Development Bank [AfDB] Group has approved a trade finance transaction guarantee facility to Banque Commerciale Du Burundi [ Bancobu ], Leveraging Bancobu’s strategic footprint in the East African…
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News
Africa posts 2.2 percent growth in coffee exports
KAMPALA-Exports of all forms of coffee from Africa increased by 2.2 percent to 1.02 million bags in February 2023 from 1.0mln bags in February 2022, the International Coffee Organisation [ICO] says. ICO…
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East Africa
Intra-EAC trade hits US$ 10 billion mark
KAMPALA-Intra-regional trade within the East African Community [EAC] is on an upward trajectory, standing at US$ 10.17 billion in September 2022. The intra-EAC trade, accounting for imports and exports in the seven…
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Africa
Over US$1 billion worth of customs bonds executed in the north and central transport corridors
LUSAKA-Over 1,282 Regional Customs Transit Bonds, amounting to US$1 billion have been executed in the northern and central transport corridors in 2022 alone signifying a reduction in cost of transit and transport…
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Africa
COMESA gets over US$ 6mln grant to boost pharmaceutical sector
ABIDJANI-The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, this month approved a US$ 6.63 million grant to the Common Market for…
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