Morocco’s avocado surge is reshaping Africa’s export map, with North Africa overtaking East Africa in a trade long dominated by Kenya. SPECIAL REPORT | BIRD AGENCY | Africa exported roughly 430,000 tonnes of avocados in 2025, but the balance of power moved north. Preliminary 2025 data show a decisive shift …
Read More »Women reshaping Kampala’s cocktail culture
Kampala, Uganda | THE INDEPENDENT | On any given Friday night in Kampala, the lights dim, the music rises and the bar counter becomes a stage. Behind it, bartenders measure, shake and garnish as cocktails slide across polished counters to eager patrons. A decade ago, in popular nightlife venues such as …
Read More »ICEA LION injects Shs100m boost to 8th IBAU Conference as sector ‘Reimagines Trust’
Kampala, Uganda | THE INDEPENDENT | Over 450 delegates are expected in Mbarara next month as brokers shift focus to SMEs and individuals to expand insurance penetration. The Insurance Brokers Association of Uganda (IBAU) is set to host its 8th Annual Conference with renewed momentum after ICEA LION General Insurance …
Read More »Global trade growth to slow in 2026 with further pressure from Middle East conflict
GENEVA | Xinhua | The World Trade Organization (WTO) said on Thursday that global trade growth is set to slow in 2026 after a stronger-than-expected performance in 2025, warning that the ongoing Middle East conflict could add further pressure on global trade. In its latest Global Trade Outlook and Statistics …
Read More »Uganda embassy in China hosts Agricultural Trade and Investment Forum
Beijing, China | THE INDEPENDENT | The Embassy of the Republic of Uganda in Beijing Thursday hosted the Uganda–China (Changsha) Agricultural Trade and Investment Forum in Changsha under the theme “Cultivating Partnerships for Prosperity”. The forum brought together government officials, investors, and business leaders to strengthen cooperation between Uganda and …
Read More »East Africa leads hotel construction, boosting regional economies
Global chains dominate the development pipeline, with Marriott International leading with 31,782 rooms under construction, followed by Hilton and Accor NEWS ANALYSIS | THE INDEPENDENT | East Africa is emerging as the engine of Africa’s hotel development, with Kenya, Ethiopia, and Tanzania showing some of the highest construction ratios on …
Read More »Katikiro lauds JCRC, Pearl Bank and Rotary for spearheading $4million bone marrow facility drive
Mengo, Uganda | THE INDEPENDENT | A nationwide drive to raise $4 million to complete the building of the first Bone Marrow Transplant (BMT) facility in Uganda has got the backing of the Katikiro of Buganda. The Katikiro of Buganda Owek. Charles Peter Mayiga today hailed the Joint Clinic Research …
Read More »Equity Group delivers record 55% profit growth as Uganda business surges 500%
Equity Group records historic results reporting a 55% growth in profit after tax of Kshs 75.5 billion, underscoring the success of its strategic transformation. Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has announced record results in Kenya’s corporate history, posting a 55% increase in profit after tax …
Read More »FMO lends $20 million to I&M Bank for SMEs
Kampala, Uganda | THE INDEPENDENT | FMO, the Netherlands’ development bank, has extended a $20million senior unsecured facility to I&M Bank Uganda Limited to expand lending to small and medium-sized enterprises (SMEs), a segment widely seen as vital to Uganda’s economic growth but often constrained by limited access to finance. …
Read More »Energy shocks from Mideast tensions to reshape global market outlook
LONDON, UK | Xinhua | Oil prices surged as global markets opened on Monday amid growing concerns that escalating tensions in the Middle East could disrupt energy supplies and ripple through global financial markets. Brent crude, the international benchmark, rose 2.5 percent to 105.61 U.S. dollars per barrel in early …
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