Kampala, Uganda | THE INDEPENDENT | The move by the government of Tanzania to restrict food exports to Uganda and Kenya is facing opposition from the private sector and politicians that it is not progressive. This financial year, Tanzania reintroduced food export restrictions including new tariffs and forcing traders …
Read More »West African bloc imposes sanctions on Niger military leaders after coup
Abuja, Nigeria | Xinhua | Leaders of the Economic Community of West African States (ECOWAS), a regional group of 15 countries, agreed to impose sanctions on Niger’s military leaders involved in a recent coup at an emergency meeting held here on Sunday. Nigerian President Bola Tinubu, also chairman of the Authority …
Read More »Zimbabwe requests to join BRICS New Development Bank
Harare, Zimbabwe | Xinhua | Zimbabwe has applied to join the BRICS New Development Bank (NDB), President Emmerson Mnangagwa has said. The country has submitted a request to join the NDB and expects to have the support of Russia, Mnangagwa was quoted as saying by the state-run Herald newspaper on Friday. …
Read More »EU ends financial support, security cooperation with Niger’s new authorities
Brussels, Belgium | Xinhua | The European Union (EU) does not recognize and will not recognize the authorities resulting from the putsch in Niger, High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell said Saturday. President Mohammed Bazoum was democratically elected; he is and therefore remains the …
Read More »UN chief urges release of Niger’s president
United Nations, USA | Xinhua | UN Secretary-General Antonio Guterres on Thursday demanded the immediate and unconditional release of Niger’s President Mohamed Bazoum, as the world body is suspending humanitarian operations in Niger due to the situation in the country. Soldiers in Niger have overthrown President Mohamed Bazoum, the country’s Defense …
Read More »Meet the young African creatives behind Disney’s Kizazi Moto
Disney’s latest anthology, Kizazi Moto: Generation Fire, showcases some of the young African creatives now giving African animation a global footprint. SPECIAL FEATURE | BIRD AGENCY | Disney’s ‘Kizazi Moto: Generation Fire’ is an anthology series blending various mythologies with sci-fi and fantasy. It consists of ten episodes created by …
Read More »AfDB achieves global first: Issues highest rated hybrid capital by a multilateral development bank
The S&P Global Ratings assigned a AA-rating to the debut transaction, the highest rating for hybrid capital Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank Group has received global recognition for its inaugural hybrid capital issuance, positioning the Bank as a pioneer in innovative sustainable financing. The …
Read More »Uganda shilling steady, Kenya shilling slides
NEWS ANALYSIS | THE INDEPENDETN | The Kenya Shilling has steadily been declining against most currencies, including global leaders like the US Dollar and regional currencies, mainly the Uganda and Tanzania Shilling. For so long, the Uganda Shilling traded at an average of 30 to the Kenya Shilling and one …
Read More »Guterres condemns coup in Niger
UN, New York US | Xinhua | In a short statement released by his spokesperson, UN Secretary-General Antonio Guterres strongly condemned the coup in Niger. “The secretary-general is following closely the situation in Niger. He condemns in the strongest terms any effort to seize power by force and to undermine …
Read More »EABC targets contract farming to foost food production in East Africa
Entebbe, Uganda | THE INDEPENDENT | The business community is teaming up with the governments and the East African Community to promote Contract Farming as a way of boosting the food sector and farmers’ incomes in the region. Whether the idea will be successful and how long it will take, is …
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