Leading East African planning, design, architecture and engineering team FBW Group has welcomed the launch of the USA’s Africa Investment Advisor Programme as a potential “game-changer” for the region. The aim of the programme is to increase trade and investment between the US and Africa, including attracting more private sector investment in key sectors, including […]
The scramble for Somaliland has gone a notch higher with Ethiopia set to send a full ambassador to Hargeisa. This comes after reports emerged that Egypt had heightened its plans to build a military base in the Somaliland. The scramble seems to have heightened the already strained relations between Ethiopia and Egypt occasioned by the […]
The World Bank’s Board of Executive Directors has approved $150 million to enable greater access to higher-quality secondary education among Ugandan children in safer and better-equipped learning environments that are also supportive of girls’ education. The project is financed by an International Development Association credit of $90 million, and a grant of $60 million from […]
The Mastercard Foundation has announced its Young Africa Works strategy in Uganda, which has set a goal to enable more than 3 million young people in the country to access dignified and fulfilling work opportunities by 2030. Under Young Africa Works, the Foundation has committed $200 million to ensure young women, men, and refugees in […]
By Ali Ssekatawa The oil and gas sector in Uganda is at a critical stage. The commercial negotiations which will impact both the profitability and the sector’s contribution to inclusive development are in final stages. The infrastructure required to commercially produce the Country’s 6 billion barrels of oil and gas resources has been clearly defined. […]
Without sustainable growth of its livestock sector, Africa is expected to import up to a fifth of meat and milk within the next 30 years, according to the Malabo Montpellier Panel. Wednesday, July 15 2020, Kigali, RWANDA– Africa will be unable to meet demand for meat and milk by 2050 and benefit from growth in […]
Prior to the COVID-19 pandemic, the region’s economic growth was projected at more than 5 percent, well above continent’s average of 3.3 percent and global average of 2.9 percent NAIROBI, Kenya, July 12, 2020/ — COVID-19 curbs East Africa’s growth, but still the strongest in the continent; Report calls for transition to higher value-added activities […]
This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri BUA Cement (www.BUAgroup.com), One of West Africa’s largest Cement companies has announced that it is set to establish a three million metric tonnes cement plant and […]
African Development Bank President Akinwumi Adesina assured the Sudanese government of the Bank’s continued support in the country’s transformation journey Three leading international financial institutions, the African Development Bank (www.AfDB.org), the World Bank, and the International Monetary Fund (IMF), on Thursday pledged multi-pronged support to Sudan as it opens a new chapter to overcome political […]
The Opportunity Fund will invest only in companies led by people of color, and is the first such fund to be created in response to growing protests Earlier this month and following the death of George Floyd, SoftBank announced a $100m investment fund for minority-owned businesses. The Opportunity Fund will invest only in companies led […]
Sustainable Energy for All sets out clear, practical steps for African countries to recover better from COVID-19 and close energy access gaps. As countries continue to rebuild from the COVID-19 pandemic, a new guide by Sustainable Energy for All (SEforALL) shows how clean energy investment can support countries to ‘Recover Better’, and use this unique […]
Over $1.8 billion dollars in pledges for Sudan poured in during a high-level Sudan Partnership Conference held on Thursday, 25 June 2020, marking an important step in the African nation’s re-engagement with the international community. African Development Bank President, Akinwumi Adesina, and the World Bank and the International Monetary Fund chiefs attended the Conference, which […]
Businesses in Africa suffer from the world’s highest costs of electricity. Rooftop and ground mounted Solar PV on the user’s site can slash industry’s energy costs, improve their competitiveness and create hundreds of thousands of jobs, but government regulations are holding investments back. Terje Osmundsen* The Coronavirus pandemic has left Africa’s economies bleeding. After 25 […]