The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to support small- and medium-size enterprises (SMEs) and infrastructure projects in East Africa. EADB is an important regional development institution for
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Unconfirmed news reports Thursday said Israel Prime Minister Benjamin Netanyahu will fly to Uganda in the coming days to meet the Sudanese leader, General Abdel Fattah al-Burhan, to discuss the establishment of diplomatic relations. Speculation has run rampant about the deal over the past weeks and gained momentum after U.S.
Read MoreKyambogo University Vice Chancellor, Prof. Elly Katunguka Kyambogo University final year students will resume their studies in October 2020, but students will be required to buy masks and sanitizers for themselves. Addressing the press at the University this morning, Kyambogo University Vice Chancellor, Prof. Elly Katunguka said that the University
Read MoreSamantha Niyonsaba and CK Japheth, The Innovation Village Team Lead at a meeting The Innovation Village, through its EdTech Lab in partnership with Mastercard Foundation Young Africa Works and the Arizona State University Education for Humanity, has launched a business development programme dubbed ‘Future of Education’, a challenge with the
Read MoreA team of 10 Chinese doctors have arrived in Zimbabwe to join the country's fight against the coronavirus pandemic. They will be stationed at Parirenyatwa Group of Hospitals for the next 12 months, the state-owned Herald newspaper reports. The head of the team, Dr Luo Weiqiang, is quoted as saying
Read MoreUS President Donald Trump (pictured) paid just $750 in U.S. income taxes in both 2016 and 2017, reported losing millions of dollars from his golf courses and has hundreds of millions in debt that will come due in the next few years, according to a report in the New York
Read MoreCONFLICT OF INTEREST: Why Stanbic Bank Is Headed for Tough Times After Controversially Selling Client’s Property to Its Employees
Stanbic Bank (U) Ltd is trending albeit for wrong reasons. The bank’s image is at stake, a thing that could affect the entire banking industry considering the fact that Stanbic Bank is Uganda’s biggest bank by assets and market share. Macdowel Ltd, a Ugandan company is accusing Stanbic Bank of
Read MoreOPINION: NSSF BUSINESS CREDIT RATING IS AGGRANDIZING IN COVID-19 A HEAD OF THEIR ANNUAL GENERAL MEETING
By Ben Sebuguzi NSSF increased the interest rate paid to its members from 3% to 7% for Financial Year 2009/2010 yet the GDP of the economy that time grew and reached an all the time high of 11.70 percent in the second quarter of 2009 with an average growth rate
Read MoreProposed new US immigration measures could leave many African students in the country having to reapply for visas in the middle of their degree courses. A plan issued by the Department for Homeland Security (DHS) that is now up for discussion outlines changes to student visas that have previously been
Read MoreA panel of experts gathered by the World Health Organization (WHO) has listed a number of factors that may be pushing the spread of coronavirus in Africa down. Expertise in epidemic control, a young population and a possible effect of pre-existing immunity were cited as possible factors. The panel of
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