Arusha, Tanzania | THE INDEPENDENT | The African Development Bank (AfDB) and the East African Business Council (EABC) have signed a $1 million grant agreement aimed at promoting sustainable industrialisation and strengthening manufacturing value chains across East Africa. The deal, announced on July 1, will support technical assistance, research, policy dialogue, …
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KIGALI, RWANDA | Xinhua | Rwanda prioritizes strategic investment, including in human capital, industrialization, agricultural productivity, and social protection, as part of its strategy to sustain growth in the next fiscal year, the finance minister has said. The government’s total estimated resources are projected to reach 7 trillion Rwandan francs …
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The country’s investment promotion agency licensed 426 planned investment projects valued at Shs9.63tn in the FY 2023/24 Kampala, Uganda | JULIUS BUSINGE | The Uganda Investment Authority (UIA) is seeking Shs173.9billion for the Financial Year 2025/2026 to cover wage and non-wage expenditures, with the bulk of the money, Shs161.5billion in already …
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DAR ES SALAAM, TANZANIA | Xinhua | The history of modern economic development reveals that industrialization is essential for achieving modernization. As partners in this regard, China and Africa possess complementary advantages and substantial potential for industrial cooperation. From infrastructure projects, industrial parks to talent grooming programs, China-Africa cooperation is …
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In both cases, improved connectivity failed to catalyse industrialization and instead encouraged land speculation as it opened up new spaces to real estate investment Kampala, Uganda | AGENCIES | The African Union’s flagship Agenda 2063 initiative prioritises large-scale infrastructure development and promises to “link the continent by rail, road, sea and …
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Addis Ababa, Ethiopia | Xinhua | The upcoming China-Africa Economic and Trade Expo will be an impetus for strengthening Ethiopia-China economic ties and advance the East African country’s strive for industrialization, an Ethiopian official has said. Deputy Commissioner of the Ethiopian Investment Commission (EIC) Daniel Teressa said Ethiopia envisaged to take …
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Addis Ababa, Ethiopia | Xinhua | The implementation of the African Continental Free Trade Area (AfCFTA) agreement should be expedited as the free trade zone will boost intra-African trade and accelerate industrialization, the UN Economic Commission for Africa (ECA) Acting Executive Secretary Antonio Pedro has said. “While the AfCFTA’s promise is …
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Smaller African countries are punching beyond their weight to diversify their economies from agricultural dependence, a new report shows. Nairobi, Kenya | BIRD AGENCY | A new report shows that value-add factories and public-private partnership are helping small African countries industrialize much faster than their larger peers. The recently …
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Addis Ababa, Ethiopia | Xinhua | Albert Muchanga, African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals has called for pragmatic interventions to inject dynamism into Africa’s inclusive and sustainable industrialization. The AU commissioner made the remarks at the joint meeting of African ministers in charge of industry and …
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To achieve the aspirations of the AfCFTA, Africa’s industrialization and transformation agenda need to be supported at the highest national, regional, continental and global levels Addis Ababa, Ethiopia | Xinhua | The African Union (AU) has called on African countries to mutually reinforce the African Continental Free Trade Area (AfCFTA) Agreement …
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The Independent Uganda: You get the Truth we Pay the Price
