4+ mon, 2+ week ago   (246+ words) Uganda’s Parliament has approved the national budget for the FY2026/2027, setting total spending at 84,390 billion shillings, or $22.7 billion, according to an April 27 statement. Debt servicing accounts for the largest share, at nearly $8.9 billion, or about 40% of total expenditure. It is followed…...

4+ mon, 2+ week ago   (178+ words) Countries sign MoUs covering defense, health, aviation, and digital systems Move builds on decades of diplomatic ties and growing regional partnerships Mozambique and Ethiopia have signed several memorandums of understanding aimed at strengthening bilateral cooperation, according to a statement released…...

4+ mon, 3+ week ago   (342+ words) Plant aims to cover 40% of global cholera vaccine shortfall Project aligns with African Union target to boost local production The financing package was arranged by the IFC, the World Bank’s private sector arm, which provided a €20 million senior loan. The…...

5+ mon, 1+ week ago   (185+ words) Nigerian President Bola Ahmed Tinubu on Sunday approved a 3.3 billion naira ($2.4 million) payment plan to settle accumulated debts in the country’s power sector. “This programme is not just about settling legacy debts. It is about restoring confidence across the power…...

4+ mon, 4+ week ago   (484+ words) The April 2026 Fiscal Monitor reveals that the global fiscal gap has nearly closed, yet Africa's picture remains deeply uneven. Several African countries have returned to international bond markets, raising nearly $31 billion since 2025, but at the cost of shorter maturities and…...

4+ mon, 3+ week ago   (252+ words) Senegal and the United Nations Development Programme (UNDP) signed a framework agreement to strengthen digital governance and integrate AI into public services. Authorities will launch a $1 million innovation hub (UNIPOD) on April 27 to support startups and research commercialization. The initiative…...

5+ mon, 1+ week ago   (663+ words) EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projects by 2030. In a West Africa facing rapid demographic growth and mounting climate pressures — where fewer than one in ten rural residents has access to electricity — the…...

5+ mon, 8+ hour ago   (265+ words) The World Bank is preparing a $175 million loan to rehabilitate Uganda's northeastern road corridor. The 340-kilometer trade artery links Mombasa in east kenya to South Sudan and Congo. Kampala is moving to cut logistics costs that absorb up to 40% of…...

5+ mon, 6+ day ago   (255+ words) The African Export-Import Bank (Afreximbank) announced on April 7 the launch of a $10 billion emergency intervention program to mitigate the economic impact of the ongoing conflict in the Middle East on countries in Africa and the Caribbean. A program to support…...

6+ mon, 3+ day ago   (251+ words) South Africa’s economy grew 1.1% in 2025, up from 0.5% Services, trade and agriculture sectors drove annual expansion South Africa's economy grew 1.1% in 2025, Statistics South Africa reported on Tuesday, up from growth of 0.5% in 2024. The South African government welcomed the figures, saying they…...