But stakeholders urge the lender to accelerate private sector growth through affordable interest rates currently capped at 15% per year Kampala, Uganda | JULIUS BUSINGE | Uganda’s Finance Minister, Matia Kasaija, has urged the East African Development Bank (EADB) to implement strategies that ensure affordable interest rates for borrowing, enabling …
Read More »Ceasefire efforts falter as M23 rebels capture centre in South Kivu
Kinshasa, Uganda | THE INDEPENDENT | A ceasefire order issued by East African Community (EAC) and Southern African Development Community (SADC) heads of state has hit a major obstacle after M23 rebels captured the Kahele Centre, located 40 kilometers from Bukavu City in the South Kivu province of eastern Democratic …
Read More »EU, EAC launch Shs 30bn projects to boost trade and integration
The new projects align with the EU’s broader strategy to support regional integration through the AfCFTA and the Team Europe Initiative Kampala, Uganda | THE INDEPENDENT | The European Union and East African Community have launched three strategic initiatives aimed at deepening regional integration, enhancing trade, and fostering inclusive economic growth. …
Read More »AFC/M23 Coordinator: We are open to dialogue with DRC gov’t
Goma, DRC | THE INDEPENDENT | Corneille Nangaa Yobeluo, the Coordinator of Congo River Alliance-AFC, a coalition of the March 23 Movement (M23) rebels has said that they are open to a direct dialogue with the Democratic Republic of Congo (DRC) government to solve the root cause of the conflict. …
Read More »Museveni: Tshisekedi must have dialogue with M23
Dar es Salaam, Tanzania | THE INDEPENDENT | President Yoweri Museveni has reiterated his stand that direct talks between President Felix Tshisekedi and all is opponents are vital for peace in the Democratic Republic of Congo. Museveni, who was in Dar es Salaam, Tanzania for the joint Summit of the …
Read More »African leaders call for peaceful solution to conflict in eastern DRC
DAR ES SALAAM, Tanzania | Xinhua | Tanzanian President Samia Suluhu Hassan and other African leaders on Saturday reaffirmed their full support for seeking a lasting solution to the ongoing conflict in the eastern Democratic Republic of the Congo (DRC). Speaking at the opening session of the East African Community (EAC) …
Read More »Ruto says African leaders to convene summit on DR Congo crisis
NAIROBI, KENYA | Xinhua | Leaders from southern and eastern African countries have resolved to meet for a two-day extraordinary summit from Friday to discuss the situation in the eastern Democratic Republic of the Congo (DRC), Kenyan President William Ruto said Monday. Ruto said a joint summit of the Southern …
Read More »EAC set to enhance regional digital payments with new masterplan
Entebbe, Uganda | THE INDEPENDENT | The East African Community (EAC) is moving forward with an ambitious plan to accelerate regional digital integration through the development of the EAC Payment Systems Masterplan. The Masterplan aims to harmonize legal, regulatory, and oversight frameworks, creating a conducive environment for cross-border payments across the …
Read More »Challenge of the Congo
How politics in Kinshasa combines with international power politics to undermine regional efforts for peace in DRC THE LAST WORD | Andrew M. Mwenda | Once again, the Democratic Republic of Congo (DRC) is on fire. This week, M23 rebels captured the strategic town of Goma and are now advancing on Bukavu. At …
Read More »Brookside Limited triumphs at EAC Quality Awards
KAMPALA, UGANDA | THE INDEPENDENT | Milk processor, Brookside Limited has emerged as a standout performer at the prestigious East African Community (EAC) Quality Awards, clinching the Product of the Year title for its ‘Dairy Best’ brand. The company also secured the position of First Runner-Up in the Best Company of …
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