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News
WNA to showcase Southern Africa’s nuclear prospects at IAE 2024
KAMPALA, April 22, 2024 – Director General of the World Nuclear Association [WNA] Dr. Sama Bilbao León will speak at the Invest in African Energy [IAE] Forum in Paris this May, unpacking…
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Africa
Resource-rich Africa has no excuse to remain poor, says AfDB boss
ABUJA, November 30, 2023 – With US$ 6.2 trillion worth of natural resources, 65 percent of the world’s uncultivated arable land, and a vibrant youth population, Africa has no excuse to be…
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Africa
Raw coffee exports irk Museveni
President Yoweri Museveni yesterday addressed delegates attending the 2nd G-25 Africa Coffee Summit at Speak Resort Munyonyo in Kampala where he discouraged the export of raw coffee and other products from Africa,…
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Africa
BRICS invites African Heads of State to August Summit in South Africa
JOHANNESBURG – The BRICS economic bloc has invited 69 leaders to its upcoming summit, including all African Heads of State and the political heads of major Global South bodies, various media reports…
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Finance & Banking
Egypt acquires equity in BRICS New Development Bank
CAIRO-One of Africa’s economic powerhouses, Egypt recently took an equity in the BRICS New Development Bank [NDB], weeks after President Abdel-Fattah El-Sisi visited India as a chief guest for the Republic Day…
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Africa
Botswana: AfDB Group commits US$ 180mln to bolster post-Covid-19 economic recovery
GABORONE-The Board of Directors of the African Development Bank [AfDB] has approved a loan of US$179.66 million to support government of Botswana to restore post-pandemic fiscal stability and economic recovery. The funds…
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Development
Russia-Ukraine conflict dampens Uganda’s growth prospects-BoU report
KAMPALA– The adverse global economic developments and higher domestic inflation have diminished the prospects for Uganda’s domestic economic growth, according to the Bank of Uganda [BoU] Monetary Policy Report June 2022. “The…
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News
BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
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News
Food and energy price shocks from Ukraine war could last for years
KAMPALA– The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through…
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