United Nations | XINHUA | A United Nations report launched Wednesday said that digital finance has become a lifeline during the crisis caused by the COVID-19 pandemic. “The unprecedented social and economic crisis caused by the COVID-19 pandemic has put a spotlight on the role of digital finance in providing …
Read More »Stronger China-Africa ties key to post-COVID-19 economic recovery: scholar
Nairobi, Kenya | XINHUA | Stronger China-Africa ties are key to the post-COVID-19 economic recovery of the African continent, a Kenyan scholar said on Sunday. Peter Kagwanja CEO, Africa Policy Institute, a regional think tank, said in a commentary published in the Sunday Nation that as the global COVID-19 crisis …
Read More »Putin approves Russian national development goals through 2030
Moscow, Russia | XINHUA | Russian President Vladimir Putin signed a decree on Tuesday instructing the government to implement a set of national development goals by 2030. The decree published by the Kremlin said the country aims to achieve breakthrough developments, increase its population and raise living standards. Other goals include …
Read More »UNECA chief says Africa needs greater energy source to power COVID-19 recovery
Kampala, Uganda | XINHUA | The UN Economic Commission for Africa (UNECA) on Friday stressed that the African continent will need greater energy sources to build back better in the aftermath of the COVID-19 pandemic. The statement was made by Vera Songwe, Executive Secretary of the UNECA, speaking during a webinar …
Read More »Tanzania urges SADC countries to fight money laundering
Dar es salaam, Tanzania | XINHUA | Tanzania on Monday urged the Southern African Development Community (SADC) members to join forces in the fight against money laundering and terrorism financing which were likely to disturb economies of the region. Doto James, the permanent secretary in the Ministry of Finance …
Read More »MTN announces $1.6bn Nigeria investment
Abuja, Nigeria | AFP | South African mobile giant MTN has said it will make investments worth $1.6 billion (1.45 billion euros) in Nigeria as it seeks to put a series of legal wrangles to bed. The telecommunications firm said late Wednesday that its top executives made the announcement during …
Read More »Makerere University officials on the spot over non-disclosure of investments
Kampala, Uganda | THE INDEPENDENT | Top Makerere University officials are on spot for allegedly refusing to disclose information regarding the institution’s investment deals to auditors. The Audit Committee of Council headed by Counsel Kiryowa Kiwanuka has asked that the matters regarding the non-disclosures by the officials be forwarded to …
Read More »Rwanda’s grand vision for future leaves poor in Kigali on the curb
Kigali, Rwanda | AFP | Slum dwellers in Kigali are accusing city authorities of razing their homes without paying compensation, stirring anger among poorer Rwandans who feel marginalised by a government-led push to modernise the capital. This month, the first of thousands of homes slated for demolition in Kigali’s unplanned …
Read More »Museveni tasks Commonwealth countries on investment
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has tasked Commonwealth countries to use their numbers to promote investments, work together on security and cultural exchanges. The President was on Thursday officiating at the opening ceremony of the 64th Commonwealth Parliamentary Conference (CPC) at Speke Resort, Munyonyo. The conference …
Read More »Lack of market research dragging local investments in Acholi
Kampala, Uganda | THE INDEPENDENT | Local investors in Gulu have cited lack of adequate market research and advisory services for dragging investments and business innovations in post-conflict Acholi sub-region. Jackson Odong, the proprietor of Jarib Industries LTD, a local firm dealing in honey; peanut and rice processing in Gulu …
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