Economic Policies to Combat COVID-19 in Africa

Economic Policies to Combat COVID-19 in Africa

The coronavirus pandemic could not have come at a worse time for Africa. Despite improved macroeconomic management over the last decade, the continent still lacks the resources to tackle high
Read More
COVID-19 has exposed the fragility of our economies

COVID-19 has exposed the fragility of our economies

The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected - economic, social and developmental. Our response must be
Read More
UK PM Boris Johnson tests positive for Coronavirus

UK PM Boris Johnson tests positive for Coronavirus

Boris Johnson today dramatically announced he is suffering from coronavirus - but insisted he is still determined to lead the UK battle against the crisis. The Prime Minister said he had
Read More
A Greater Depression?

A Greater Depression?

The shock to the global economy from COVID-19 has been both faster and more severe than the 2008 global financial crisis (GFC) and even the Great Depression. In those two previous
Read More
Beating COVID-19 and the Economic Pandemic

Beating COVID-19 and the Economic Pandemic

Back in January, I predicted that the spread of the new COVID-19 coronavirus in China would reach a turning point by the second or third week of February. Indeed, the total
Read More
Liebherr Container to supply cranes to DP World’s project in Berbera

Liebherr Container to supply cranes to DP World’s project in Berbera

The expansion of the Berbera Port of Somaliland is set to go a notch higher with the expected arrival of eight rubber-tyred gantry (RTG) cranes. This after the Liebherr Container Cranes
Read More
Africa’s Race Against COVID-19

Africa’s Race Against COVID-19

There are now worrying signs that the COVID-19 virus has taken root in Sub-Saharan Africa, the world’s poorest region. The window of opportunity to prevent a humanitarian catastrophe is still ajar,
Read More
Somaliland’s tight measures to curb deadly Coronavirus

Somaliland’s tight measures to curb deadly Coronavirus

Somaliland government has placed a raft of measures in its precautions to curb the Coronavirus. The Horn of Africa nation is yet to report any case of the pandemic that has
Read More
The severity of the impact of coronavirus on China's growth prospects will hold major implications for Africa given the continent's close ties to the Asian giant.
Africa Industry Tourism

Tourism sector shields African economies amid slowing global GDP growth

The severity of the impact of coronavirus on China’s growth prospects will hold major implications for Africa given the continent’s close ties to the Asian giant. The broader impact will also be exacerbated if efforts to contain the outbreak prove inadequate, thus extending both the reach and duration of the shock. This is according to […]

In an effort to weed out rogue operators from the sector, Tourism Police has arrested a tour operator, Nathan Tindyebwa of Humura Trips Company Ltd accused of fleecing various tourists a total of over $7000.

Uganda intensifies crackdown on quack tour operators

Accor is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.

Accor expands its Ethiopia footprint

The local unit strengthened against the U.S. dollar as activity on the FX supply counter outmuscled demand in Thursday’s trading session.
Markets

U.S. dollar slides as investors continue their search for a safe haven

The local unit strengthened against the U.S. dollar as activity on the FX supply counter outmuscled demand in Thursday’s trading session. The central bank pumped dollars into the local foreign exchange market, outpacing waning demand, and pushed the home unit higher by 40 shillings at the closing bell. We see the USDUGX currency pair trading […]

The shilling caught a break from the recent pressure, gaining some ground versus its American counterpart.

Dollar in demand as safe haven

Increased dollar demand saw the Uganda shilling edge lower against the U.S. unit on Thursday.

Dollar gains amid markets discontent with European Central Bank

Exchange Rates

The local unit strengthened against the U.S. dollar as activity on the FX supply counter outmuscled demand in Thursday’s trading session.
Markets

U.S. dollar slides as investors continue their search for a safe haven

The local unit strengthened against the U.S. dollar as activity on the FX supply counter outmuscled demand in Thursday’s trading session. The central bank pumped dollars into the local foreign exchange market, outpacing waning demand, and pushed the home unit higher by 40 shillings at the closing bell. We see the USDUGX currency pair trading […]

The shilling caught a break from the recent pressure, gaining some ground versus its American counterpart.

Dollar in demand as safe haven

Connect