South Sudan envoy urges nationals to return, invest at home
South Sudan is urging its nationals in Uganda to come home and invest, citing the return of peace in the country torn apart by civil...
Category : Business News
Biden ‘optimistic’ on debt talks with Republicans as default looms
President Joe Biden said Sunday he remains “optimistic” about finding an agreement with his Republican opponents to raise the US debt limit and avoid a...
Uganda has best environment for trade in EAC, says report
The Africa Trade Index by South Africa’s Standard Bank, which also trades as Stanbic in some countries, indicates that Uganda has the best trade-enabling environment...
World Bank board elects US nominee Ajay Banga as president
The World Bank’s 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2, the bank...
Debt ceiling: Treasury Chief Janet Yellen warns US could run out of cash by June 1
US Treasury Secretary Janet Yellen has warned that the US may run out of cash by 1 June if Congress fails to raise or suspend...
Yuan overtakes Dollar as China’s most used cross-border currency
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting...
AfDB appoints new vice president
The African Development Bank has appointed Marie-Laure Akin-Olugbade, as the vice president responsible for the Regional Development, Integration, and Business Delivery Complex. The appointment was effective...
DRC to audit and review ‘unfair’ Chinese mining contracts
The Democratic Republic of Congo (DRC) has embarked on a definitive review of mining contracts awarded to a Chinese firm it co-owns with Beijing, but...
Russian rouble falls to lowest value for a year
The Russian rouble has fallen to its lowest value for a year, since shortly after Russia invaded Ukraine. The currency slid to 82 roubles against...
IMF, Rwanda reach agreement on economic, monetary policy
The government of Rwanda and the International Monetary Fund (IMF) mission team on Tuesday, April 4, reached a staff-level agreement on successful implementation of the...