Kampala, Uganda | NEWS CORRESPONDENT |  Absa Bank Uganda has announced a partnership with the Uganda Energy Credit Capitalisation Company (UECCC), securing a Sh11.085 billion concessional line of credit to expand access to affordable clean energy financing and accelerate the adoption of renewable energy solutions in Uganda. The financing agreement, structured …

Kampala, Uganda | NEWS CORRESPONDENT | Ugandans are increasingly taking up the majority of jobs on the East African Crude Oil Pipeline (EACOP) project as it moves closer to completion, the company has announced. EACOP Deputy Managing Director, John Bosco Habumugisha, made the remarks while presenting project updates at the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s financial sector is positioning itself for a structural shift toward sustainability-driven finance, with aBi Finance and its partners launching two initiatives that could reshape how banks and microfinance institutions measure risk, attract capital, and compete in a tightening global regulatory environment. Unveiled at Four Points …

BEIJING | Xinhua |  Benign interaction between demand and supply is the key driver of economic development. To promote this positive interplay, China has written into the 15th Five-Year Plan (2026-2030) the need to foster virtuous interaction between consumption and investment, as well as between supply and demand, so as …

BEIJING | Xinhua | China, with its newly announced zero-tariff policy for African countries and its supersized market, will provide Africa with new development opportunities and help African countries navigate the current global economic turbulence, according to Chinese authorities. The Ministry of Commerce said in a statement on Wednesday that …

Kampala, Uganda | THE INDEPENDENT | The annual MK Run was held at the weekend, with thousands participating by running across the hills of Kampala for charity. Here are Defence Forces (CDF) of the Uganda People’s Defence Forces (UPDF) Gen Muhoozi Kainerugaba’s remarks at the 52nd MK Run, 26 April, 2026, …

“This fossil fuel crisis will happen again and again,” said UN Climate Change Executive Secretary Simon Stiell. “Sunlight does not depend on narrow and vulnerable shipping straits. Wind blows without massive taxpayer-funded naval escorts.”   LONDON | GAO WENCHENG  – Xinhua |  As Tuesday marks two months since the United …

SEOUL | Xinhua |  The sentence for former South Korean President Yoon Suk-yeol was increased to seven years on Wednesday on appeal for obstruction of arrest, according to the rule of the Seoul High Court. The court overturned the lower court’s ruling, lengthening Yoon’s prison term from five to seven …

CAIRO | Xinhua |  The United Arab Emirates (UAE) on Tuesday announced its decision to quit the Organization of the Petroleum Exporting Countries (OPEC) and the wider OPEC+ alliance, effective on May 1, following “a careful look at the regional power’s energy strategies.” Why is the UAE leaving one of …

    Each of the eight partner states is expected to contribute approximately US$7 million to fund the bloc’s operations   COMMENT | NICODEMUS MINDE | The East African Community is one of Africa’s oldest regional economic organisations. Its birth in 1967 was the culmination of decades of economic ties forged in the …