Second Annual Meeting of Africa Sovereign Investors Forum Kampala, Uganda | AGENCIES | African Development Bank Vice President for Private Sector, Infrastructure, and Industrialisation Solomon Quaynor has called for unity to unlock the potential of African sovereign wealth funds, strategic investment funds, pensions, and life insurance assets, estimated at $2.3 trillion. …
Read More »Africa recoups US$1.9bn from tax evasion, illicit financial flows – report
African governments are stepping up efforts to boost domestic resource mobilization Kampala, Uganda | RONALDMUSOKE | Tax authorities in several African countries were able to recoup up to US$1.9 billion in tax revenues in 2022, thanks to the implementation of information exchange mechanisms, rigorous offshore investigations and voluntary disclosures, according to …
Read More »South Africa invites leaders from all African countries to BRICS summit
Johannesburg, SA | Xinhua | South Africa has invited heads of state of all African countries to the BRICS summit, which is set to be held in August in Johannesburg, a senior government official said. “President (Cyril) Ramaphosa has decided to invite all African leaders as part of the BRICS outreach …
Read More »Struggle for environmental justice in Africa
Why the framework of our civilisation shouldn’t be premised on the destruction of the planet COMMENT | NNIMMO BASSEY | The struggle for environmental justice in Africa is complex and broad. It is the continuation of the fight for the liberation of the continent and for socio-ecological transformation. It is …
Read More »Five African multinational commercial banking groups embrace PAPSS payment platform
The adoption of PAPSS’s cutting-edge settlement model will streamline operations and empower businesses across Africa Kampala, Uganda | THE INDEPENDENT | Five African multinational commercial banking groups including KCB Group, Standard Bank Group, UBA Group, Ecobank Group and Access Bank Group have signed a Memorandum of Understanding with Afreximbank’s Pan-African Payment …
Read More »Farmers are saying goodbye to blackouts and power bills
In Kenya, small and medium-sized farmers – and even upmarket households – are adopting biodigesters to turn their animal waste into biogas, which they use for cooking fuel and lighting. SPECIAL FEATURE | BIRD AGENCY | Thirty-three-year-old Kelvin Maina Njuguna considers himself a ‘full-time farmer’. He rears cows, pigs, goats, and …
Read More »China-Africa expo opens in central China
Changsha, China | Xinhua | The third China-Africa Economic and Trade Expo kicked off on Thursday in Changsha, the capital of central China’s Hunan Province. The expo aims to welcome more “Made in Africa” products into China and boost business links between the two sides. Themed “Common Development for a …
Read More »Ugandan MPs denounce European threats against developing nations
Brussels, Belgium | THE INDEPENDENT | Ugandan legislators participating in the ongoing European Union, and the African, Caribbean, and Pacific (EU-ACP) States’ assembly in Brussels, Belgium have denounced threats propagated and orchestrated by Europeans on developing nations. This reaction was evoked by the EU parliament’s condemnation of the Parliament of Uganda …
Read More »Human organs for transplant
5 steps Africa must take to improve the supply chain Kampala, Uganda | AGENCIES | Medical science has made tremendous advancements over the past 70 years. One of these is the transplant of human organs from one person to another. The first transplant – a kidney – was in the U.S …
Read More »Africa’s external debt hits US$ 1 trillion mark
It’s time to push for greater debt transparency across all creditors and natural resource backed loans should no longer be used as collateral Kampala, Uganda | RONALD MUSOKE | Africa’s total external debt hit the US$ 1 trillion-mark last year and is expected to rise up to US$ 1.13 trillion by …
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The Independent Uganda: You get the Truth we Pay the Price