Uganda Is a Middle-Income Country, Says Museveni
08/06/2022Uganda has reached the middle-income status despite an onslaught of crises in the past three years, President Yoweri Museveni said on Tuesday.
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Egypt, Poland Discuss Gas Cooperation in Cairo
01/06/2022Egyptian President, Abel Fattah El-Sisi, received Monday, Polish President Andrey Duda in Cairo. Duda is in the North African country on a three-day state visit. On Monday, the Polish President,.
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Safaricom Investment Co-operative Launch $6.4 Million Real Estate Project
01/06/2022Safaricom Investment Co-operative plans to start construction on a KSh750 million (US$6.43 million) real estate project in Ruaka, Kiambu County, to meet the county’s growing demand for affordable housing. The.
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S.Africa’s Gold Fields to become fourth-biggest gold miner with Yamana deal
01/06/2022South Africa’s Gold Fields Ltd is set to become one of the four biggest gold miners in the world after agreeing to acquire Canada-based Yamana Gold in a $6.7 billion.
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AfDB Signs US $70 Million Agreement With Ghana For Solar Electrification
31/05/2022The African Development Bank (AfDB) has signed a financing agreement with the government of Ghana for the implementation of a rural electrification project using stand-alone solar systems worth $70 million..
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Kenya raises key interest rate to tame inflation
31/05/2022On Monday, the Central Bank of Kenya raised its policy lending rate by half a percentage point to stem rising inflation and stabilise the shilling. The increase in the central.
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We’re developing investment banks for youth-owned businesses — AfDB
30/05/2022African Development Bank (AfDB) says it is designing financial institutions that will invest in businesses owned by youths. Akinwumi Adesina, President, AfDB, said this on Friday at the end of.
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Private sector calls for tax uniformity across EAC
26/05/2022The private sector in the East African Community has proposed the harmonisation of several taxes including value-added tax, income tax and excise duty in the 2022/2023 budget, arguing this will.
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S.Africa’s central bank flags inflation as major risk to domestic financial system
26/05/2022On Wednesday, South Africa’s central bank said the risk of a spillover of the Russia-Ukraine war could hurt the country’s financial stability through rising food and fuel inflation, lower economic.
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Africa risks stagflation due to pandemic, Ukraine war – AfDB
26/05/2022Africa risks sliding into stagflation – a cycle of slow growth and high inflation – as it battles the lingering effects of the pandemic and rising fuel and food prices.
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