Kampala, Monday, 23rd January 2023: Standard Chartered Bank Uganda has today launched an offshore Mutual Funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani and Keith Kalyegira, the CEO, Capital Markets Authority among other executives. With this proposition, the Bank’s clients will enjoy access […]
Nairobi, Kenya, Monday, 23rd January 2023. Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global events and a high risk of debt distress. However, there is an opportunity for the economy to register a remarkable upward trend if the government focuses […]
Addis Ababa, 19 January 2023 (ECA) – The Economic Commission for Africa (ECA) is supporting regional trade integration through the African Trade Exchange Platform (ATEX), a platform enabling bulk procurement of commodities. Speaking at a session on integrating regional trade during the regional consultation on LDC5 for Least Developed Countries (LDCs) in Africa and Haiti, […]
Addis Ababa, 18 January 2023 (ECA) – The implementation of the African Continental Free Trade Area (AfCFTA) should be expedited as the free trade zone will boost intra-African trade and accelerate industrialization, the Economic Commission for Africa (ECA) Acting Executive Secretary, Mr. Antonio Pedro, has urged. “While the AfCFTA’s promise is high, that promise can […]
Kampala – Uganda, January 4, 2023: The Ugandan private sector ended 2022 on a positive note, with ongoing expansions in output, new orders and employment recorded, according to the latest Stanbic Purchasing Managers’ Index released today. Growth of demand fuels rise in activity Businesses confident heading into 2023 Employment increases for third month running At […]
The World Bank is committed to assist Madagascar to jumpstart its economic recovery and put the country back on the path to development. According to the Regional Vice President for Eastern and Southern Africa at the World Bank Victoria Kwakwa, the parallel shocks of the pandemic, the war in Ukraine resulting in economic challenges, and […]
Abidjan, December 7, 2022 – The Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, has approved a $12 million grant to the Democratic Republic of Congo (DRC) to implement the Financial Sector Development and Inclusion Support Project in the country. The funding will support financial […]
Kampala – Uganda, December 5, 2022: Conditions in Uganda’s private sector continue to improve as the latest data for the monthly Stanbic Purchasing Managers Index (Stanbic Bank PMI) showed output, new orders and employment all increasing over the month. The headline PMI rose to 50.9 in November from 50.0 in October, indicating an improvement in business […]
Samuel Nabwiiso, The East African Business Council (EABC) and the International Trade Centre (ITC) have launched an online platform designed to boost the competitive edge of East African small businesses. The platform code named myeasoko will provides small businesses in the region with an avenue to support their recovery, build resilience and drive growth using […]
Uganda, Kampala: Uganda Revenue Authority (URA) has granted Dembe trading Enterprises, one of the oldest and leading distribution houses in East Africa, the prestigious Authorized Economic Operator (AEO) license in recognition of its continued compliance with the various customs rules, processes and standards. This was during the Authorized Economic Operator Awards Conference held at Speke […]
A report by the Africa Development Bank (ADB) now says East African economies are expected to grow by four percent in this year. The African Development Bank forecasts the region’s GDP at four per cent this year, before recovering to 4.7 per cent in 2023, helped by the reopening of the economies after the Covid-19 […]
A two-day Workshop on Strengthening Cooperation and Coordination between the African Union (AU), Regional Economic Communities (RECs), Regional Mechanisms (RM) and Civil Society Organizations (CSOs) was held last week in Cotonou within the framework of the European Union Support to APSA IV Programme. The Permanent Representation of ECOWAS to the AU organized the important Workshop […]
Somalia is laying the foundation for standardizing quality assurance for public safety and economic growth Deputy Prime Minister Salah Ahmed Jama opened the inaugural Quality Infrastructure Conference in Mogadishu on Monday. He emphasized the importance of product safety for public health and the environment and urged the heads of the agency to expand their capabilities to […]