NAIROBI, KENYA | Xinhua | Kenya said Wednesday it has commenced rolling out tax incentives for foreign investors who set up establishments worth more than 10 billion shillings (about 65.5 million U.S. dollars). Abubakar Hassan, the principal secretary in the Ministry of Investments, Trade and Industry, told a trade forum …
Read More »Ugandan parliamentary committee calls for review of national refugee policy
KAMPALA | Xinhua | A parliamentary committee in Uganda on Thursday urged for a review of the country’s refugee policy as the East African country grapples with a growing population of refugees. The Committee on Equal Opportunities in its report to parliament said the rising numbers of refugees from neighboring …
Read More »Kenya raises 1.5 bln USD from Treasury bond amid high foreign investor demand
NAIROBI | Xinhua | Kenya raised a record 240.9 billion shillings (about 1.55 billion U.S. dollars) in its first infrastructure bond offer this year, said the Central Bank of Kenya (CBK) Wednesday evening, underlining increased investor confidence in the country’s debt market. The East African nation on Jan. 25 floated …
Read More »UPDF deny role in fighting in DR Congo
Kampala, Uganda | THE INDEPENDENT | Uganda Peoples Defense Forces (UPDF) has denied claims by the Democratic Republic of Congo (DRC) and Wazalendo fighters that its soldiers are fighting alongside the March 23 Movement (M23). The Spokesperson of the Wazalendo Jules Mulumba on Tuesday released a statement on X formerly …
Read More »Nigerians defy high cost of living to celebrate Valentine’s Day
ABUJA, NIGERIA | Xinhua | Inside Bukunmi Adeniran’s modest gift shop in Lugbe, a low-income suburb of Nigeria’s capital Abuja, shelves were adorned with an array of chocolates, plush teddy bears, delicate bouquets, and other items. The shop beckoned eager shoppers during the Valentine’s Day celebration. Despite the rising cost …
Read More »AU condemns use of children in armed conflicts in Africa
ADDIS ABABA, ETHIOPIA | Xinhua | The African Union (AU) has strongly condemned the recruitment and use of children in armed conflicts in Africa and called for an end to such practices. The call was made in line with the International Day Against the Use of Child Soldiers, which is …
Read More »2023 AFCON winners Cote d’Ivoire receive state recognition
ABIDJAN, Cote d’Ivoire | Xinhua | Players and managers of the Cote d’Ivoire national football team received recognition of distinctions and donations on Tuesday in Abidjan after winning the 2023 Africa Cup of Nations (AFCON). During a ceremony at the presidential palace, in the presence of President Alassane Ouattara, the …
Read More »Namibian president sets vision for 2024 at Cabinet opening amid national mourning
WINDHOEK, NAMIBIA | Xinhua | Namibia’s economy is recovering in various sectors, including agriculture, mining, fisheries, tourism, oil and gas, and green energy, Namibian President Nangolo Mbumba said on Tuesday. Mbumba made the remarks on the occasion of the official opening of the Cabinet in the national capital of Windhoek …
Read More »Canada’s EDC takes Tanzanian airline to court
Precision Air was founded in 1993 and serves destinations across Tanzania, Kenya and Comoros ANALYSIS | FELIX THOMPSON | Export Development Canada (EDC) has brought a claim in the UK High Court against an embattled Tanzanian airline company, alleging it is owed nearly US$26mn under an aircraft financing agreement. In late …
Read More »Technology experts meet in Nairobi to promote smart cities in Africa
NAIROBI | Xinhua | Technology experts on Monday met in Nairobi, the Kenyan capital, to promote the development of smart cities in Africa. The conference on Data-Driven Cities was attended by more than 100 stakeholders composed of senior government officials, the private sector and academia from Africa to foster innovation …
Read More »