Uganda woos new oil investors in Cape Town Kampala, Uganda | RONALD MUSOKE | Despite the current stalemate in the local oil and gas industry, the government remains optimistic that the joint venture oil companies involved in commercializing Uganda’s petroleum resources will reach a final investment decision before April, 2020. …
Read More »COMMENT: Why Africa smiles
Generosity is one of the key components of Africa’s community life COMMENT | Vanessa Kimuri & Julius Domba | Africa is largely considered an evincible inferior continent by many; and poor. Most people appreciate the high levels of material poverty that strike the lives of the Africans unfavourably across the continent. …
Read More »‘Africa can be a huge growth engine for Uber’
Despite concerns about profitability, Uber is continuing to expand in Africa and remains firmly committed to the market. General manager Alon Lits explains the e-hailing firm’s strategy to African Business Magazine’s David Thomas As one of the highest-profile and most valuable tech IPOs in years, Uber’s May debut on the …
Read More »Russia’s big move to Africa
What the Euro-Asian nation promised African countries at a historic summit in Sochi Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | One might have probably heard about Sochi, Russian city located on the Black Sea Coast near the border with Georgia, for co-hosting the 2018 FIFA World Cup. …
Read More »Tariffs and intra-Africa trade
Significant reduction or elimination of tariffs would boost intra-Africa trade to more than 50% COMMENT | DAMALI SSALI | There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant. International trade grew dramatically in the …
Read More »AfroChampions Initiative presents $1trn AfCFTA investment framework
The AfroChampions Initiative held its second conference on sustainable green growth and industrialisation in Kigali, Rwanda. Kigali, Rwanda | TOM COLLINS | The AfroChampions Initiative, a set of public-private partnerships designed to leverage resources and funds to create more multinational corporate champions in Africa, has proposed a $1trn investment framework …
Read More »COMMENT: Tariffs and Intra-Africa trade
Significant reduction or elimination of tariffs would boost intra-Africa trade to more than 50% COMMENT | Damali Ssali | There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant. International trade grew dramatically in the …
Read More »Russian soft power on display at Africa summit
Sochi, Russia | AFP | Aboubakary Guiro, a financial expert from Ivory Coast, is full of hope after attending the first ever Russia-Africa summit this week in the Black Sea resort of Sochi. “We forget about Russians when we talk business,” said Guiro, the co-partner of a financial advisory …
Read More »Sister Gladyce Kachope one of best teachers in Africa, wins $10,000 prize
Addis Ababa, Ethiopia | THE INDEPENDENT | Uganda’s Sister Gladyce Kachope of Immaculate Heart Girls Rukungiri, is one of three winners of the first Continental Teacher Prize. Kachope, Eric Ademba of Kenya and Augusta Lartey-Young from Ghana each win a prize of $10,000 for secondary school teachers. The African Union (AU) on …
Read More »PUTIN: Russia and Africa cooperation has gained new momentum
COMMENT | VLADIMIR PUTIN | It gives me great pleasure to welcome you at the opening of the Russia–Africa Economic Forum. The rich history of relations between Africa and Russia has never seen an event of a similar scale. Members of government agencies and business community, and experts are …
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