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AfDB approves US$ 170mln for Egypt’s largest wind energy project
ABIDJAN, December 4, 2024 — The Board of Directors of the African Development Bank [AfDB ] has approved a loan of up to US$ 170 million to support the development of the…
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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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Afreximbank calls for increased collaboration to accelerate the green energy transition in Africa
WASHINGTON D.C., October 31, 2024 — The eighth Babacar Ndiaye Lecture held at the Four Seasons Hotel in Washington D.C., days ago under-scored the need for African nations to strike a balance…
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Widespread progress in African financial markets
KAMPALA, October 25, 2024 — There have been clear improvements across countries in the Absa Africa Financial Markets Index 2024. Scores have risen for 23 countries [82 percent], which is the highest…
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COMESA Launches Horticulture Trade Mission to the European Union
KAMPALA, September 24, 2024 — Representatives of 11 Small and Medium Enterprises [SMEs] from Egypt, Ethiopia, Kenya, Madagascar, Malawi, Mauritius, Uganda, Zambia, and Zimbabwe recently undertook a horticulture engagement mission to the…
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Uganda’s annual coffee exports hit Shs 5 trillion
KAMPALA, September 23, 2024 — Coffee exports for twelve months [September 2023- August 2024] were 6.39 million bags worth US$ 1.35 billion [ about Shs 5 trillion] compared to 6.08mln bags worth…
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Coca-Cola unveils initiative to address water-related challenges in Africa
KAMPALA, September 16, 2024 — The Coca-Cola Company in Africa and its bottling partners Coca-Cola Beverages Africa [CCBA], Equatorial Coca-Cola Bottling Company [ECCBC] and Coca-Cola HBC are to invest nearly US$ 25…
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AfDB invests US$ 20mln in infrastructure fund to catalyse continental development
ABIDJAN, August 2, 2024 – The African Development Bank [AfD] has signed a US$ 20 million equity investment in the African Infrastructure Investment Fund 4 [AIIF4]. The deal, signed on 31 July…
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Regional businesswomen gather in Madagascar for COMFWB Trade Fair
ANTANANARIVO, July 6, 2024 – A splendour of pink marked the COMESA Federation of Women in Business [COMFWB] Trade Fair and Conference as local and international female entrepreneurs from 20 COMESA Member…
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Akii Bua Stadium will be ready to host AFCON 2027 – Nabbanja
GULU, May 4, 2024 – The government will commission the construction of the new Akii Bua National Stadium in Lira City in the next two weeks as the country prepares to host…
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