LUSAKA, Zambia | Xinhua | Zambia has experienced a rise in COVID-19 cases following the recent cold season in the country, health authorities said on Monday. Minister of Health Sylvia Masebo told a press briefing that about 3,070 tests were conducted between May and June, out of which 2.4 percent …
Read More »Afreximbank expands container Guarantee Scheme in East Africa
Merchants in landlocked countries face the highest container deposit rates, typically around US$5,000 per container, due to extended turnaround times ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank, has forged a partnership with BSMART Technology Ltd to extend the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to …
Read More »BAT Uganda declares Shs 8.9 billion dividend
Illicit cigarettes remains a big headache the tobacco distributor in Uganda Kampala Uganda | JULIUS BUSINGE | Shareholders of British American Tobacco Uganda Limited will receive Shs 8.9 billion as dividend, equivalent to Shs 181 per ordinary share, following approval at the 24th Annual General Meeting held at Sheraton Kampala Hotel. …
Read More »NSSF earns Shs 80.6 billion from investment in MTN Uganda
This the largest dividend the fund has earned from a listed company in the region this year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) has accrued Shs 80.6 billion from its investment in telecom firm, MTN Uganda, over the past three years. This follows the latest …
Read More »Experts urge EAC to adopt Kiswahili as official regional language
ARUSHA, Tanzania | Xinhua | Experts on Sunday renewed their calls for the East African Community (EAC) Council of Ministers to expedite amendments to the EAC Treaty to enable Kiswahili as the regional bloc’s official language. In a statement from the EAC headquarters in Arusha Monday, experts urged all member …
Read More »Africa-Caribbean trade poised to hit $1.8 billion by 2028
Afreximbank and ITC will develop detailed profiles of sectors in both regions to map out promising value chains and identify growth barriers and requirements ANALYSIS | THE INDEPENDENT | Trade between Africa and the Caribbean could soar to $1.8 billion annually by 2028, provided that value addition, trade facilitation, and enhanced …
Read More »French President Macron rejects his PM’s resignation request
PARIS, FRANCE | TASS | French President Emmanuel Macron has refused to accept the resignation of the republic’s Prime Minister Gabriel Attal, the AFP news agency reported, citing the Elysee Palace. According to it, the head of state asked the prime minister to temporarily stay in office to ensure stability in the …
Read More »Indian players dominate Uganda Para-Badminton International 2024
KAMPALA, Uganda | Xinhua | Indian players dominated the Uganda Para-Badminton International 2024 held here from July 2-7. India’s Jatin Azad defeated Ibrahim Aliyev of Azerbaijan 21-14, 21-16 in the men’s singles SU5 final, while Arati Janoba Patil of India won over her compatriot Latika Latika 21-16, 21-15 in the …
Read More »Uganda’s nuclear power journey
International expert mission reviews exploration plan to domestic nuclear power ANALYSIS | AGENCIES | A team of international uranium power experts has concluded an inaugural review of a Uganda’s uranium production cycle. Led by experts from the International Atomic Energy Agency (IAEA), the mission assessed the country’s capabilities to develop their …
Read More »IMF is failing countries like Kenya
Why and what can be done about it to reverse the trend going forward ANALYSIS | DANNY BRADLOW | The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which …
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