Business

Kampala, Uganda | THE INDEPENDENT | To support universal and affordable broadband access in Africa, and the opportunities that come with increased connectivity, IFC announced a loan to Airtel Africa to help connect millions of new subscribers to mobile internet in six African countries. IFC will provide six of Airtel Africa’s …

The works entail the immediate rehabilitation of 265 km of MGR tracks between Malaba and Mukono, including the line to Jinja Pier and Port Bell on Lake Victoria Abidjan, Ivory Coast | THE INDEPENDENT |  The African Development Bank Group  is providing $301 million to overhaul the Kampala-Malaba Meter Gauge …

The US-Africa Leaders Summit takes place in Washington, DC, from December 13 to 15 2022. With 49 African leaders invited including President Yoweri Museveni, the meeting is due to cover multiple aspects of the relationship between the US and Africa, including economic engagement, security, education, health and climate-related issues. Florie …

Jerusalem, Israel | Xinhua | Israel’s state-owned defense company Rafael and U.S. weapon manufacturer Lockheed Martin have signed an agreement to jointly develop a high-energy laser weapon system. The agreement includes the developing, testing, and manufacturing of the system in the United States and Israel, the companies said on Monday …

  Smaller African countries are punching beyond their weight to diversify their economies from agricultural dependence, a new report shows. Nairobi, Kenya | BIRD AGENCY | A new report shows that value-add factories and public-private partnership are helping small African countries industrialize much faster than their larger peers. The recently …

From Kenya to Nigeria, African startups are debuting electric vehicles and unveiling plans for increased fleet deployments, especially in the public transport sector, as electric vehicles roll out across the continent. Nairobi, Kenya | BIRD AGENCY | Kenyan e-mobility firm BasiGo recently secured $6.6 million in new funding to fast-track …

SPECIAL FEATURE | Alfred Geresom Musamali |  At first I felt insulted when nearly three years ago somebody suggested that since I was mandatorily retiring from the public service upon clocking the age of 60 years and would have fewer if any savings on which to rely till the Lord …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have demanded from the Ministry of Energy and Mineral Development a comprehensive statement on persistent power outages currently being experienced nationwide. Rising on a matter of national importance during plenary sitting on Thursday, legislators demanded to know how technically possible it …

Several high-carbon emitting countries in Africa are developing just energy transition plans while still focusing on exploiting their fossil-fuel reserves. Luanda, Angola | BIRD AGENCY | Africa’s carbon-intensive economies are racing to develop just energy transition plans as more green funding commitments begin to flow in. However, these oil and …

Kampala, Uganda | THE INDEPENDENT |  Patrick Oyota has been re-appointed Deputy Managing Director of National Social Security Fund (NSSF) for five years, and will be in charge as the search for a Managing Director continues. In a letter from the NSSF board to stakeholders, Patrick Ocailap from the Ministry …