The new Corruption Perception Index Report for 2019 that was released recently indicates that Rwanda and Tanzania are performing better when it comes to fighting corruption in the Eastern Africa region. The report produced by Transparency International ranked Rwanda at number 51 while Tanzania at 96. Kenya and Uganda were both ranked at number 137 […]
Uganda government has written to its Kenyan counterparts regarding the confiscated 23 tonnes of Lato Milk products produced by Pearl Dairies Ltd. According to Uganda’s Trade Minister Amelia Kyambadde, through the Foreign Affairs Ministry, they have written to the Kenyan government to give an update and response within 14 days. “Kenya exports more goods to […]
British Prime Minister Boris Johnson is calling for a renewed partnership between the United Kingdom and Africa. Johnson spoke as African leaders challenged UK companies to grab at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities. This was during the opening ceremony of the 2020 UK-Africa Investment Summit, Monday […]
The COMESA Secretariat has been invited to participate at the 2020 China International Fair for Investment and Trade scheduled for early September in Xiamen China. The fair will focus on investment negotiation and policy promotion, coordinated development of national and regional economies, as well as economic and trade exchanges. Asia-Africa Digital Economy Cooperation Forum Executive […]
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity […]
Remittances are a major source of foreign cash inflows for most developing countries. The year 2019 has seen tremendous growth with some countries reporting an increase of up to 4.24% in remittances. The World Investment Report for 2018 showed that global remittances stood at $466 billion in 2017, which is beyond the other sources of […]
The number of seed varieties listed on the COMESA Variety Catalogue has increased to sixty-nine after seeds from two more companies namely Western Seed and SEEDCO were listed through the Uganda National Variety List. This has been made possible by the COMESA Seed Harmonization Implementation Plan (COMSHIP). COMSHIP, a COMESA Seed Programme working in close […]
The African Youth Parliament is pushing for the recognition of Somaliland as an independent state. The AYP with representation from 54 countries in Africa has already admitted Somaliland membership in its gathering. In a statement from the AYP after a visit in Somaliland late November, the parliament stated: “The African Youth Parliament is a continental […]
Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I is in the form of African Development Bank and African Development Fund loans and […]
The 20thEdition of the annual East African Community Micro, Small and Medium Enterprise (MSES) Trade Fair, formerly known as JuaKali Nguvu Kazi Exhibition is set for 13th to 22nd December, 2019 at Gikondo Expo Grounds in Kigali, Rwanda. The 20th Edition Trade Fair themed;[email protected]: Building EAC through Micro and Small Enterprises jointly organized on a […]
French Multinational Automobile Manufacturer Renault, through their authorized distributor in Uganda Victoria Motors Ltd, has introduced Renault Trucks codenamed Safety+ Edition Trucks on to the Ugandan Market. The French Company, that started production in 1899, has introduced the Safety +Edition Trucks that come with additional and enhanced features like High Power Retardation, Neutral Inhibition while […]
Most African Countries may miss attaining the Sustainable Development Goals as it was envisioned by the World Leaders four years back. The Sustainable Development Goals that most countries will fail to achieve is the goal of Ending Poverty and Zero Hunger by 2030. “More than 820 million people in the world today do not have […]
The MEDEF, the largest French business leaders association has organized a multi-sector trade mission of French business leaders aimed at enabling them to prospect a market that offers significant business opportunities and also identify potential local partners for their future activities. The French Companies that have arrived in Uganda this morning for the trade mission […]