Middle East
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News
AFC closes record US$ 1.5bln syndicated loan, its largest-ever facility
KAMPALA, September 30, 2025 — Africa Finance Corporation [ AFC ], the leading infrastructure solutions provider in Africa, has successfully closed its largest-ever debt facility, a landmark US$1.5 billion syndicated loan. This…
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Uganda’s exports surge by over 50 percent as trade balance shows mixed picture
KAMPALA, September 16, 2025 – Uganda’s export sector posted significant growth in July 2025, with merchandise exports increasing by 53.6 percent compared to the same period last year. This is according to…
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International tourism up 5 percent in first half of 2025 despite global challenges
KAMPALA, September 10, 2025 — According to UN Tourism, almost 690 million tourists travelled internationally between January and June 2025, about 33 million more than in the same period of 2024, though…
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Africa’s US$ 100bln Refining Opportunity Unlocks as New Capacity Surges Toward 2030
CAPE TOWN, August 25, 2025 — Africa is set to add 1.2 million barrels per day [bpd] of new refining capacity by 2030, marking one of the fastest downstream expansions globally, according…
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Standard Chartered Hosts Investment Dialogue Highlighting Cross-Border Trade as Catalyst for Uganda’s Tenfold Growth Strategy
KAMPALA, May 23, 2025 –– Standard Chartered Bank Uganda yesterday hosted a high-level Uganda Investment Dialogue in Kampala centred on cross-border trade as a key driver of the country’s ambitious tenfold growth…
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Uganda’s economy shows resilience amid global challenges – New report
KAMPALA, April 23, 2025 – Uganda’s economy continues to demonstrate resilience in the face of global headwinds, according to the latest Performance of the Economy Monthly Report released by the Ministry of…
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International Tourism Recovers to Pre-Pandemic Levels in 2024
KAMPALA, January 21, 2025 — With 1.4 billion international tourist arrivals recorded globally, 2024 marked the recovery of international tourism from the worst crisis in the sector’s history. A majority of destinations…
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Global tourism set for full recovery by end of the year with spending growing faster than arrivals
MADRID, December 4, 2024 — Around 1.1 billion tourists travelled internationally in the first nine months of 2024, as the global tourism sector recovered 98 percent of pre-pandemic levels. According to the…
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Ecobank to unlock real-time cross-border payments across 35 African markets
KAMPALA, November 11, 2024— Nium, the leading global infrastructure for real-time cross-border payments, has partnered with Ecobank Transnational Incorporated to enable seamless cross-border payments across 35 African markets for more than 32…
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FAO and ICA enhance strategic dialogue with cooperatives to achieve the 2030 Agenda
CAIRO, November 8, 2024 – The Food and Agriculture Organisation of the United Nations [FAO] and the International Cooperative Alliance [ICA] virtually convened a virtual roundtable to enhance strategic dialogue between governments…
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