Month April 2024

Uganda Secures $295m Loan For Infrastructure From Islamic Bank

UGANDA has inked a significant agreement with Saudi Arabia’s Islamic Development Bank (IDB), securing a $295 million loan to finance infrastructure projects, announced the country’s finance minister on Tuesday. This move underscores Uganda’s commitment to diversifying its sources of external…

US Top Pick For Africa, Says US Commerce Secretary

IN an exclusive interview with CNN recently, US Commerce Secretary Gina Raimondo emphasised America’s stance as a preferred partner for African nations, pledging cooperation without imposing conditions, amid growing competition from China and Russia. Raimondo’s remarks come amidst her inaugural official visit…

UK Sanctions Ugandan Parliament Speaker For Corruption

IN a significant move targeting corruption in Uganda, Britain has sanctioned Anita Among, the speaker of the Ugandan parliament, along with two high-profile lawmakers, Mary Kitutu and Agnes Nandutu. This marks the first application of Britain’s sanctions regime aimed at combating corruption…

Lagos, India To Boost Trade Partnership

THE Lagos Chamber of Commerce and Industry and the Confederation of Indian Industry  have signed an agreement to boost trade partnership. In a memorandum of understanding in Lagos on Tuesday, both parties observed that the agreement would enhance avenues for…

Senate Adjourns Plenary Until May 7

THE Senate has adjourned plenary until May 7 to allow for further refurbishment of its chamber. The Senate had resumed on Tuesday, after the Easter and Sallah breaks in the chamber, but was faced with some minor operational challenges, especially…

Iran Says Ready To Promote Friendly Ties With African States

IRANIAN Defence Minister Mohammad-Reza Gharaei Ashtiani has expressed Tehran’s readiness to enhance friendly relations with African states, especially the “independent and revolutionary” country of Zimbabwe. He made the remarks in a meeting with visiting Vice President of Zimbabwe, Constantino Chiwenga…

Reps Urge NERC To Suspend Hike In Electricity Tariff

THE House of Representatives has urged the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new tariff. The call was sequel to the adoption of a motion by Rep. Nkemkanma Kama (LP-Ebonyi) at plenary on Tuesday. It…