Kampala, Uganda | THE INDEPENDENT | As Uganda is marking its 59th independence anniversary from British colonial rule, the African country is embracing a brighter future for development with China’s assistance. At Uganda’s Entebbe International Airport, the country’s major gateway to the world, Chinese engineers together with their Ugandan counterparts are …
Read More »Construction of $200M gold refinery starts in Busia
Busia, Uganda | THE INDEPENDENT | Chinese firm Wagagai gold mining company limited has embarked on the construction of a gold refinery in Busia district. Valued at $200M, the gold refinery will seat on 300 acres of land covering Alupe, Akipenet, Amagoro and Amonikakine villages in Buteba Sub-county. Speaking …
Read More »Chinese delay FID on Lake Albert oil projects
Hoima, Uganda | THE INDEPENDENT | Totalenergies Uganda Deputy Gereral Manager, Mariam Nampeera Mbowa .says its Joint Venture partner CNOOC is holding the announcement of the Final Investment Decision on the Lake Albert Oil Development project. “I can confirm that the board of Total took FID on the Ugandan project …
Read More »NDA reports no major side effects for Sinovac Covid-19 vaccines
Kampala, Uganda | THE INDEPENDENT | The National Drug Authority has not registered any life-threatening side effects associated with the use of China’s Sinovac COVID-19 vaccine. Uganda received 300,000 doses of Sinovac in July as a donation from China, and the jabs were subsequently ring-fenced for teachers who had not been …
Read More »U.S. trade coalition urges Biden administration to end “misguided trade war” as tariffs hurt businesses
Washington, U.S. | Xinhua | Americans for Free Trade, a coalition of more than 150 industry associations that are united in the fight against tariffs, on Tuesday urged the Biden administration to end the “misguided trade war” initiated by the previous administration as tariffs continue to hurt American businesses across the …
Read More »How multilaterals exaggerate Africa risk
Without reforms in decision-making at multilateral institutions, African economies will continue to be erroneously branded as poor quality investment destinations | HANNAH RYDER | Jeff Bezos, founder of Amazon and now space traveller, is famous for his observation that “your brand is what people say about you when you are not …
Read More »Africa’s free trade area boosts China
China is positioned to gain from significant constraints to accelerating and diversification of intra-Africa trade COMMENT | JONATHAN MUNEMO | The African Continental Free Trade Area (AfCFTA) intends to promote regional trade integration in Africa, which can play an important role in accelerating sustained growth and reducing poverty on the …
Read More »China’s presence in Africa
Beijing’s outreach is largely driven by the desire for support on the international stage from the continent’s 54 countries | THIERRY PAIRAULT | For all the talk of China’s growing presence in Africa, its economic engagement is surprisingly limited. In 2020, Africa accounted for 4 percent of China’s trade with …
Read More »‘U.S, Europe going separate ways’
London, UK | XINHUA | The United States and Europe are going separate ways as U.S. President Joe Biden has established a pattern of ignoring the opinions of the European allies since assuming office eight months ago, the Financial Times said in an opinion article. The differences between the …
Read More »The COVID-19 virus origin
American Intelligence to release report amid overshadowing rivalry with China Kampala, Uganda | RONALD MUSOKE | Seventeen months since the UN World Health Organisation(WHO) declared COVID-19 a global pandemic, the world is waiting anxiously for a U.S Intelligence community report on the origin of the virus. The report is …
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