Investors
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Africa
Nigeria: AfDB approves US$ 80mln for investment in knowledge zone
ABUJA, November 29, 2023 – The Board of Directors of the African Development Bank [AfDB] has approved a US$ 80 million loan to finance the Ekiti Knowledge Zone project in Nigeria. The…
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National
Among asks minister to present report on PWDs’ land grabbing allegations
KAMPALA, November 16, 2023 – The Speaker of Parliament, Anita Among has directed the Minister of Gender Labour and Social Development, Betty Amongi, to present a detailed report on land owned by…
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Africa
Egypt issues Africa’s first Sustainable Panda Bond worth US$ 478.7mln
CAIRO, October 18, 2023 – Egypt has successfully issued a three-year Sustainability Panda Bond worth US$ 478.7 million. The North African nation is the first on the continent to do so, a…
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Northern
Investors decry dire state of roads in Amuru
AMURU – Investors in Amuru district in northern Uganda have appealed to government to urgently intervene and work on roads, saying they are finding it hard to transport their goods to the…
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News
Over Shs 60 mln raised to fund Mbarara City Festival
MBARARA– Businessmen, traders, and corporate companies have contributed over Shs 60 million to fund activities as they join the rest of the residents to mark three years since Mbarara Municipality gained city…
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Environment
Lack of climate adaptation investment could cost emerging markets hundreds of billions by 2030
KAMPALA – Failure to invest the bare minimum needed to withstand projected climate damage could cost emerging markets hundreds of billions in climate damages and lost GDP growth this decade, according to…
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East Africa
Cooperatives lauded as fish production in Rwanda rises
KIGALI-Fish production in Rwanda slightly increased to 43,560 tonnes in 2022 from 41,664 tonnes harvested in 2021, according to the latest report released by the country’s Ministry of Agriculture and Animal Resources…
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Finance & Banking
Commercial banks continue to raise lending rates
In line with the tight monetary policy stance, lending rates in Uganda have exhibited an upward trend with commercial banks raising their prime lending rates by one percentage point on average, according…
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News
Ugandan coffee ranked high as Museveni seeks to bolster European and American markets
KAMPALA – Ugandan coffee will soon find its way to the European Balkan States market following a concerted effort by President Yoweri Museveni to bolster Uganda’s trade links beyond Africa, a continent…
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Cooperatives & Communities
EKMCS installs Shs 18mln cassava milling machine
SERERE– East Kyoga Multipurpose Cooperative Society [EKMCS] has installed a cassava hammer milling machine worth Shs 18.5 million, according to Stephen Epau, the cooperative’s chairperson. Epau says the milling machine was established with…
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