International soccer star Didier Drogba (pictured) has helped his birthplace, Côte d’Ivoire (Ivory Coast), strike gold by helping to collect MOUs for a total of $15 billion (UShs55 trillion) in commitments to back tourism projects in the West African country. The breakthrough comes ahead of the UNWTO Forum for Africa,
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Uganda’s richest man, Dr. Sudhir Ruparelia (pictured) has been named the Honorary Consul of the Federal Democratic Republic of Nepal to Uganda. Dr Sudhir is the founder and Chairman of the multibillion Ruparelia Group, a 28-company conglomerate invested in financial services, real estate, education, hospitality, agriculture and media. The group
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BIARRITZ, FRANCE - AUGUST 25: British Prime Minister Boris Johnson and South Africa's President Cyril Ramaphosa join G7 leaders and guests as they gather for a family picture in front of the Biarritz lighthouse on the second day of the annual G7 summit on August 25, 2019 in Biarritz, France.
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Riek Machar took the oath of office in front of President Salva Kiir (l) and Chief Justice Chan Reech Madut Former South Sudanese rebel leader Riek Machar has been sworn in as first vice-president, sealing a peace deal aimed at ending six years of civil war. President Salva Kiir witnessed
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The International Monetary Fund (IMF) has spoken out for the first time on the impact of COVID-19 commonly known as China Coronavirus on the global economy. Today in Riyadh, Ms. Kristalina Georgieva (pictured), Managing Director of the International Monetary Fund (IMF), made the following statement at the G20 Finance Ministers
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Secretary of State Michael Pompeo has asked African governments to adopt the Trump administration’s limited-government approach for economic success, taking a veiled swipe at the Chinese model of debt-heavy infrastructure projects that have permeated the continent. Pompeo lambasted centralized planning and heavy government spending, decrying the “failed socialist experiments of
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China is administering its centuries-old traditional medicine on patients affected by the coronavirus disease, a top health official said. Treatment in Wuhan hospitals combine Traditional Chinese Medicine, popularly known as TCM, and western medicines, said Wang Hesheng, the new health commission head in Hubei, the province at the center of
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The UN has warned of the danger of famine in East Africa if huge swarms of locusts are not brought under control. The insects have so far affected Ethiopia, Somalia, Kenya, Tanzania and Uganda devouring crops and pasture in regions that are already suffering food shortages. The UN's Food and
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The Executive Boards of the International Monetary Fund (IMF) and World Bank met, on February 12 and 13, respectively, to consider Somalia’s eligibility for debt relief under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The Executive Boards commended the authorities’ sustained commitment to economic and institutional reforms under challenging
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In several news reports, World Bank President David Malpass was recently quoted as saying some Multilateral Development Banks, including the African Development Bank, have a tendency to lend too quickly and in the process, add to the continent’s debt problems. “This statement is inaccurate and not fact based. It impugns
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