Kampala, Uganda | THE INDEPENDENT | Cross-border banking is becoming increasingly central to East Africa’s financial system as rising trade, travel and labour mobility drive demand for seamless regional financial services. Banks across the region are expanding beyond their home markets through branches, subsidiaries and digital platforms to follow customers, …
Read More »European Parliament delays decision on EU-U.S. trade deal
BRUSSELS | Xinhua | The European Parliament has delayed until next week a decision on whether to restart work on the EU-U.S. trade deal, after pausing its approval process last week, in protest over U.S. President Donald Trump’s push to acquire Greenland and his tariff threats against European allies, according to …
Read More »China’s vision for an open world economy in a turbulent era
BEIJING | Xinhua | The 2026 World Economic Forum (WEF) Annual Meeting opened on Monday in the snowy Swiss resort of Davos. As global leaders reconvene in the Alpine town, the world economy is grappling with a familiar yet intensifying set of challenges, most notably a surge in protectionism, unilateralism …
Read More »New alliance launches to boost Uganda’s digital trade and delivery economy
Kampala, Uganda | THE INDEPENDENT | Uganda’s fast-growing digital trade and logistics sector has received a fresh boost with the official launch of the Alliance for Digital Trade, E-Mobility and Couriers (ADEC Uganda), a new industry body aimed at strengthening collaboration and advocacy across the sector. The association was unveiled …
Read More »Luxury tourism is a risky strategy for African economies
How successful is luxury tourism in Africa? What happens if it fails to produce higher tourism revenues: can it be reversed? And does it depend on what kind of government is in place? Pritish Behuria is a scholar of the political economy of development who has conducted a study in Botswana, Mauritius …
Read More »Culinary delights spice up African trade, tourism
The continent’s rising food festivals are putting flavor at the heart of tourism and trade. Experts say the boom reflects Africa’s growing investment in gastronomy as a driver of growth, identity, and soft power SPECIAL REPORT | BIRD AGENCY | Visitors at the AfroGastro Festival swallowed morsels of fufu and watched …
Read More »Inside Africa’s bid to finance its own infrastructure
Luanda Summit signals a historic shift toward continental self-reliance in development funding NEWS ANALYSIS | RONALD MUSOKE | In Luanda, the Angolan capital, where the Atlantic Ocean breeze carries both the promise of prosperity and the weight of unmet potential, African leaders gathered there recently for a defining conversation about the …
Read More »Xi says China confident, capable to navigate all kinds of risks, challenges
BUSAN, South Korea | Xinhua | Chinese President Xi Jinping said here Thursday that the Chinese economy is like a vast ocean, big, resilient and promising, and that we have the confidence and capability to navigate all kinds of risks and challenges. He made the remarks during a meeting with …
Read More »Xi ready to work with Trump to build foundation for bilateral ties
BUSAN, South Korea | Xinhua | Chinese President Xi Jinping said here Thursday that he is ready to continue working with U.S. President Donald Trump to build a solid foundation for bilateral ties, and create a sound atmosphere for the development of both countries. In a meeting with Trump, Xi …
Read More »China, Japan, S. Korea challenged to lead new growth in Asia-Pacific via innovative cooperation
SEOUL | Xinhua | China, Japan and South Korea should lead new growth in the Asia-Pacific region through innovative cooperation within the Asia-Pacific Economic Cooperation (APEC) framework, while working toward global economic recovery, the chief of a Seoul-based trilateral group has said. Today’s world is facing unprecedentedly multifaceted and …
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