Kampala, Uganda | THE INDEPENDENT | SINOTRUK, a heavy-duty truck manufacturer in China, and CFAO Motors, the provider of mobility solutions in Uganda, have partnered for distribution. This collaboration represents a significant advancement in CFAO Motors’ goal of offering premium transportation options to the Ugandan market. This alliance was formally …
Read More »Taxing the digital economy: Why African Govts are unhappy with new OECD deal
African governments say delay in enforcing the MLC hampers their revenue collection targets Kampala, Uganda | RONALD MUSOKE | Following the recent publication of an international treaty that seeks to make global tech giants and other large multinational corporations pay more tax where they do business, the Organisation for Economic Cooperation …
Read More »AfDB approves Shs 11bn fertilizer deal for Ugandan farmers
Studies show Uganda has one of the highest soil nutrient depletion rates in the world Kampala, Uganda | RONALD MUSOKE | The African Development Bank Group’s Board of Directors has approved a project that seeks to procure 60,000 metric tonnes of fertilizer for 400,000 Ugandan smallholder farmers over the next three …
Read More »Stanbic Bank, IFAD ink deal for Ugandan migrants money transfer
Average cost of sending money back home for Uganda’s migrant workers is 11.3%, higher than global average Kampala, Uganda | RONALD MUSOKE | Uganda’s largest lender, Stanbic Bank Uganda, has entered into a new partnership with the UN’s International Fund for Agricultural Development (IFAD) to assist Ugandan migrant workers abroad in …
Read More »Ecobank, AMREF ink deal to evacuate patients around East Africa
Bank’s customers will be provided with convenient access to fast, affordable, and quality air and ground evacuation services in the event of medical emergencies Kampala, Uganda | RONALD MUSOKE | The Kenyan subsidiary of the pan-African financial institution, Ecobank, has entered into a partnership with the African Medical and Research Foundation …
Read More »Kenya, US trade deal
They are negotiating what could be a model for Africa Kampala, Uganda | THE INDEPENDENT | The U.S. and Kenya announced a trade and investment partnership in July 2022. During a virtual meeting on July 14, 2022, United States Trade Representative, Katherine Tai, and Kenya’s Ministry of Industrialisation, Trade and Enterprise …
Read More »COMMENT: The Serbia-Uganda trade deal
It makes perfect sense for two complementary economies that each produce things that the other does not and cannot COMMENT | ODREK RWABWOGO & BRATISLAV STOILJKOVIC | The agreement signed between the two countries in Belgrade last week has breathed new life into a little-known but in fact, long-standing and increasingly …
Read More »Egypt and Ethiopia are working on a water deal
What that means for other Nile River states Kampala, Uganda | THE INDEPENDENT | Egypt and Ethiopia have waged a diplomatic war of words over Ethiopia’s massive new dam – the Grand Ethiopian Renaissance Dam on the Blue Nile, which started filling up in July 2020. The political row has threatened …
Read More »Regional NGOs warn Kenya on EU trade deal
Kampala, Uganda | THE INDEPENDENT | Eastern and Southern African trade promotion organisations are pushing for the rescinding by Kenya of the recent agreement with the European Union to implement the Economic Partnership Agreement (EPA) between them. They say the deal pauses “imminent danger” to the integration of East Africa …
Read More »RDB signs deal with Basketball Africa League
Kampala, Uganda | THE INDEPENDENT | The Basketball Africa League (BAL) and the Rwanda Development Board (RDB) today announced a multi-year extension of their existing collaboration that will see the BAL continue to play games at BK Arena in Kigali, Rwanda each season, including the BAL Playoffs and Finals in 2024, …
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