NAIROBI | Xinhua | China’s currency, the renminbi (RMB), is playing a bigger role in Africa as trade with the continent flourishes. From the launch of direct RMB settlement services in Tanzania to expanded connectivity with the Cross-Border Interbank Payment System (CIPS) in Kenya and Namibia, as well as …
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SPECIAL REPORT | Tanzania is courting investment in transport, logistics and technology as it seeks the next phase of growth. Lennox Yieke reports. At $90.14bn, Tanzania’s 2025 GDP is roughly 36% higher than the $66.07bn recorded in 2020 and nearly double the $47.41bn figure reported in 2015. The economy …
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Uganda Truck union leader Asadu Musisi Sentongo calls for EAC intervention Juba, South Sudan | URN | Six Ugandan truck drivers are missing after armed men reportedly abducted them and seized their trucks in Bor Town, Jonglei State, South Sudan. The drivers were reportedly abducted between Tuesday …
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How foreign capital is reshaping the ports, railways and logistics networks connecting East Africa to global markets and what that means for the region’s economic future NEWS ANALYSIS | IAN KATUSIIME | At Tanzania’s Indian Ocean coast, the port of Dar es Salaam is emerging as a crucial gateway …
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Stanbic’s China payment link is set to ease the country’s trade friction with Beijing Kampala, Uganda | THE INDEPENDENT | Ugandan businesses trading with China are set to gain faster access to yuan payments after Stanbic Bank Uganda became the country’s first lender to connect to China’s Cross-Border …
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Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has become the first financial institution in the country to integrate with China’s Cross-Border Interbank Payment System (CIPS), a move expected to simplify cross-border transactions, reduce foreign exchange risks and strengthen trade between Uganda and China. The new payment platform enables Ugandan …
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HAVANA | Xinhua | The long-running U.S. trade embargo against Cuba and a recent fuel blockade are causing power outages and shortages that threaten patients’ lives, Deputy Health Minister Julio Guerra said Wednesday. “When the lack of a stable power supply directly affects the preservation of medications, every blackout …
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Businesses are still struggling with higher costs caused by global events, including renewed conflict in the Middle East, which has disrupted energy markets and pushed up fuel prices Kampala, Uganda | JULIUS BUSINGE | Ugandan businesses are feeling more confident about the months ahead, but rising fuel prices, …
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Geopolitical tensions, climate change, technological disruption and shifting trade relationships are reshaping how countries engage with each other economically Kampala, Uganda | ISAAC KHISA | For three decades, the Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) has worked behind the scenes to give African …
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COMMENT | CRISPIN KAHERU | Before any serious building rises in Uganda, the first thing to go up is the mabaati – corrugated iron sheets that seal off the site. Behind them, foundations are dug, concrete is poured, and steel is welded. There is noise, dust, and confusion. Trucks …
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The Independent Uganda: You get the Truth we Pay the Price
