Bernard Busuulwa The UAE is focusing on increasing foreign direct investment and bilateral trade with Uganda The United Arab Emirates (UAE) is pursuing new business opportunities in Uganda, with at least 20 Dubai-based companies seeking investment deals in manufacturing, real estate, healthcare, technology, oil and gas, textiles and agricultural sectors, despite concerns about the competitiveness…
Staff Writer, Bizcommunity.com Property prices in Pretoria have risen by 91% from 2010 to 2022, outpacing Johannesburg’s 71% South Africa’s property market offers a vibrant mix of urban excitement and coastal tranquility, making it a prime opportunity for new buyers and seasoned investors. While Cape Town often steals the spotlight, other cities like Johannesburg are gaining…
Vincent Owino Regional financiers are already using AI mostly to combat fraud in payments Like many industries across the globe, artificial intelligence (AI) has taken the financial industry by storm, and one of the fast-rising applications is in payments, to solve age-old challenges that have slowed cross-border settlements in the banking sector. In East Africa,…
Staff Writer, Agence France-Presse (AFP) Huge deposits of natural resources — including oil, gas and gold — have pushed the economy of the world’s biggest cocoa producer in a new direction Ivory Coast’s mining industry is booming, driven by foreign investment and the discovery of new deposits, but the country now wants a bigger slice of…
By DavidOchieng Mbewa Zimbabwe’s economic growth in 2024 is expected to decline to 3.5 percent, compared to 4.5 percent in 2023, according to a report by the World Bank. The fourth World Bank Zimbabwe Economic Update (ZEU), launched on Wednesday, said that though the country’s economic outlook appeared “moderate”, it reflected continued global headwinds, structural…
Reuters South Africa recorded reduced foreign direct investment inflows of 26 billion rand ($1.40 billion) in the third quarter of 2023, from 53.8 billion rand in the second quarter, central bank data showed on Thursday. The South African Reserve Bank said in its Quarterly Bulletin that the inflows were due to non-resident parent entities granting…
By MathewsMutai MARRAKECH, MOROCCO – DECEMBER 11: Player of the Year, Victor Osimhen (Nigeria, Napoli) makes a speech at the Confederation of African Football (CAF) Awards 2023 in the Moroccan city of Marrakech on December 11, 2023./REUTERS Nigerian star Victor Osimhen was named African Footballer of the Year on Monday night at the 2023 CAF…
Reuters FILE PHOTO: OPEC logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing Rights Congo on Saturday reaffirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), days after neighbor Angola decided to leave the organization. “The Republic of Congo reaffirms its steadfast commitment to the strategic policy…
Reuters News South Africa’s rand slipped on Friday, as focus shifted towards a reading of a key U.S. inflation gauge due later in the day. At 0630 GMT, the rand traded at 18.4075 against the dollar , down 0.2% from its previous close. “The rand struggled yesterday… as thin liquidity and the squaring of short…
The East African Tanzania on Thursday received a $1.1 billion financing package from World Bank, which will fuel inclusive growth across the nation and bolster urban services and climate resilience in the city of Dar es Salaam. The package comprises two crucial components which is $750 million Development Policy Financing (DPF) and $385 million Dar…
