WASHINGTON, the United States | Xinhua | The record-breaking U.S. federal government shutdown was expected to end soon after the congressional approval of a spending package on Wednesday. However, as bipartisan power struggles show no sign of alleviating, the recurrence of this shutdown remains highly possible within just two months. …
Read More »Ugandan coffee exporters seal $3 million deals at CIIE
KAMPALA, UGANDA | Xinhua | Ugandan coffee exporters have secured deals worth 3 million U.S. dollars at the recently concluded China International Import Expo (CIIE) in Shanghai, Uganda’s Ministry of Agriculture, Animal Industry and Fisheries said in a statement. Uganda’s top coffee exporters, such as Meg Rai Coffee, Kwezi Coffee, …
Read More »MTN Uganda increases dividend payout to Shs235billion
The company expects continued double-digit growth in service revenue, supported by rising smartphone adoption, fintech expansion, and a favourable economic environment Kampala, Uganda | THE INDEPENDENT | MTN Uganda Ltd has announced a second interim dividend of Shs 10.5 per share, representing a 40 percent increase from the previous payout. The …
Read More »Africa braces for impact of EU carbon border tax
Europe’s carbon border tax is set to affect the competitiveness of many types of African exports to the European Union NEWS ANALYSIS | Agencies | The cost of importing African goods into the European Union is about to shoot up, with the EU’s carbon border tax set to enter its “definitive …
Read More »UDB champions green finance as Uganda prepares for COP30
Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank Limited (UDB) has announced its role as the lead sponsor of the Ugandan Pavilion at the upcoming United Nations Climate Change Conference (COP30), set to take place from November 10 to 21 in Belém, Brazil. The pavilion will serve as the …
Read More »Africa’s $700bn pension pot eyed for infrastructure drive
The greatest risk is not in investing in Africa’s own potential, but in failing to do so Kampala, Uganda | Julius Businge | A continental push is underway to harness Africa’s estimated $700bn in pension assets to fund crucial infrastructure and reduce reliance on foreign debt, senior officials said at the …
Read More »AfDB grants Uganda €217 million for cross-border road project
Kampala, Uganda | Agencies | Africa’s multi-lateral lender, African Development Bank (AfDB) has approved an additional €217.37 million ($250.78 million) in financing to the Ugandan government for the completion of the Busega–Mpigi and Kagitumba–Kayonza–Rusumo Roads Project, a critical transport corridor linking Uganda and Rwanda. The new funding is expected to ease …
Read More »Manchester City announces title candidacy with easy win over Liverpool
LONDON, UK | Xinhua | Manchester City underlined its status as Arsenal’s main title rival with a 3-0 home win over Liverpool on Sunday. Pep Guardiola celebrated his 1,000th game as a coach as his side dominated a Liverpool team that had impressed against Real Madrid in midweek. Erling Haaland …
Read More »Election sweep could rejuvenate embattled U.S. Democrats
WASHINGTON, the United States | Xinhua | U.S. Democrats swept multiple elections on Tuesday — a string of victories which some analysts believe could reinvigorate the embattled party. Progressive Democrat Zohran Mamdani won New York City’s mayoral race by a landslide while Democrats also secured decisive victories in the gubernatorial …
Read More »Sunderland ends Arsenal’s winning run in Premier League
LONDON, UK | Xinhua | Brian Brobbey scored a goal deep into injury time as Sunderland held Arsenal to a 2-2 draw in the Premier League on Saturday, ending the latter’s 10-match winning run. Daniel Ballard fired Sunderland ahead with a rising shot in the 36th minute after a well-worked …
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