Category: Business

The debt relief represents 99 percent of the credit Somalia owed to Paris Club members as of January 2023, according to a statement issued by the creditor group.

The East African Economic Outlook 2024 released by RSM Eastern Africa Consulting Ltd, an audit, tax and consulting firm, shows that the agriculture, manufacturing, financial, and infrastructure sectors grow in Kenya, Tanzania, Rwanda and Uganda.

This is the fourth disbursement under the ECF arrangement which commenced in 2021, bringing the total support so far to $870 billion, coming about 8 months after the last disbursement of the same amount last June.

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The digital assets, remain outlawed, or a legal grey area at best, in most jurisdictions around the globe, but the Bretton-Woods institutions feel they could solve the current high transaction costs nightmare slowing global trade and international development.

Starved of donor funding for lack of political will to implement the 2018 peace agreement, Juba is trying to squeeze resources from an already overburdened oil sector.

For the 2023 financial year, MTN Uganda is paying shareholders a total dividend of Ush18 (Ksh0.66) per share, representing an increase of 13.2 percent from the 2022 payout of Ush15.90 (Ksh0.58) per share.

A Diani-bound Safarilink plane turned back after the collision shortly after taking off from Wilson Airport.

Tanzanian President Samia Suluhu Hassan and the visiting Ethiopian Prime Minister Abiy Ahmed on Friday witnessed the signing of agreements strengthen trade between the two countries.

Authorities in Kampala indicated this week that the Uganda will join the open skies regime in the next financial year.