First Independent Mena Newspaper
Uganda has issued a license for the construction of a pipeline across the country and Tanzania to transport hydrocarbons from East Africa to international markets, a project that has raised the ire of environmentalists. “The approval (of the license) is another sign to demonstrate the common commitment of the two countries to develop the EACOP […]
Samia Suluhu Hassan, President of Tanzania, has appointed Emmanuel Tutuba as governor of the country’s central bank, in replacement of Florens Luoga, whose five-year tenure at the head of the bank came to an end. Tutuba, prior to the appointment, was the permanent secretary at the Ministry of Finance and Planning. He inherits an economy […]
The leaders of East African Community, EAC, have appointed former Kenyan leader Uhuru Kenyatta to broker political negotiations to end the security crisis in the eastern Democratic Republic of Congo (DRC), where the army is facing some 100 armed groups. The appointment came during a high-level meeting on the sideline of ongoing COP27 in Egypt. […]
Changing weather patterns are wreaking havoc on East Africa’s wildlife and placing the region’s people at greater risk too. As the planet warms, the natural wonder and one of the greatest spectacles of animal migration on earth — hundreds of thousands of wild animals making their annual trek from Tanzania’s Serengeti National Park into the […]
Burundi has reopened borders with its neighbors including Rwanda with whom it has had sour relations since 2015 over accusations that Kigali provides safe haven for former and late leader Pierre Nkurunziza. “All the borders of Burundi with its neighboring countries are open. Burundi is a country where everyone can enter and leave freely,” the […]
Uganda is running an economy with the most developed financial sector in East Africa, which is only the latest feat that depicts a major milestone in the country’s race towards becoming a regional financial hub, with an eye to increased inflow of foreign direct investments, according to the latest study by the Official Monetary and […]
With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its usage remains high in 2022 despite the ongoing difficult bear market. 2022 has been a very difficult year for digital asset and cryptocurrency markets when the value of many major […]
Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]
East African economies will decline this year driven due to political instability, unreliable rainfall and reducing agricultural yields, says the latest Macroeconomic Outlook Report for East Africa published by Deloitte, the world’s largest consulting firm. The report that covered Ethiopia, Kenya, Rwanda, Tanzania and Uganda shows that the region’s gross domestic product (GDP) has been […]
Kenya has deployed forces in the East of the Democratic Republic of Congo (DRC) as part of regional mobilization to help end activities of rebel groups in the East of the second largest African country reeling with insecurity caused by armed groups. The boots are posted in Ishasha, a locality near the border with Uganda, […]