Kampala, Uganda | Isaac Khisa | The African Export-Import Bank (Afreximbank) has released its audited financial statements for the year ended 31 December 2019, showing strong and consistent growth, with total comprehensive income of $324.2 million. The results, which reflected a net income of $313.3 million, 14.3 percent increase over the 2018 …

Kampala, Uganda | THE INDEPENDENT | The Electricity Regulatory Authority-ERA has reduced power prices for domestic consumers. Between April and June 2020, Ugandans will consume electricity by at least one shilling less than what they paid in the quarter between January to March 2020. According to the ERA, domestic users – …

Kampala, Uganda | THE INDEPENDENT | The newly appointed Deputy leader of the People Power Movement has said she will focus on building grass-root support. Dr. Lina Zedriga Waru, a renowned activist was unveiled on Wednesday as Deputy to Kyadondo East MP Robert Kyagulanyi Ssentamu, also known as Bobi Wine. …

Kampala, Uganda | THE INDEPENDENT | The Budget Committee of Parliament has clashed with the Minister of State for Planning David Bahati over what they described as unrealistic budget allocations to the Health and Agriculture sectors. Bahati was appearing before the committee to present revised budget estimates for the coming …

Washington, United States | AFP | The United States on Thursday accused the World Health Organization of putting politics first by ignoring early coronavirus warnings by Taiwan, which voiced outrage over criticism from the UN body’s chief. President Donald Trump has gone on an offensive with threats to withhold funding for …

London, United Kingdom | AFP | Top oil producers started a crucial meeting on Thursday to discuss a possible cut in output after a collapse in demand due to the coronavirus and a Saudi-Russian price war caused the market to crash. The video conference meeting began shortly after 1440 GMT between …

Washington, United States | AFP | Joe Biden, the presumptive Democratic presidential nominee, has promised to pick a woman as his running mate against Donald Trump in November. And with Bernie Sanders dropping out of the race, the spotlight is focused on Biden’s choice to serve in the job which he …

Johannesburg, South Africa | AFP | The World Bank warned Thursday that sub-Saharan Africa could slip into its first recession in a quarter of century because of the coronavirus pandemic on the world’s most impoverished continent. “We project that economic growth in Sub-Saharan Africa will decline from 2.4 percent in 2019 …

London, United Kingdom | AFP | The British government has expanded its overdraft with the Bank of England to help weather coronavirus disruption, it said Thursday. The government’s “ways and means facility” — effectively its overdraft account at the BoE — is also being used to temporarily help finance spending on …

Addis Ababa, Ethiopia | AFP | African Union officials said Thursday the continent is struggling to compete with rich countries for testing kits and other equipment necessary to curb the spread of the coronavirus. “We need aid for testing equipment,” Kwesi Quartey, the deputy chair of the African Union Commission, told …