UGANDA has signed a landmark agreement with Turkish construction firm Yapi Merkezi to build a 272-kilometre railway, marking a significant development in East Africa’s transport infrastructure. The deal, aimed at improving both speed and cargo capacity, will strengthen Uganda’s trade…
THE World Bank has revised its economic growth forecast for sub-Saharan Africa, lowering it from 3.4 percent to 3 percent for this year, primarily due to the devastating impact of Sudan’s ongoing civil war. Despite this, growth is expected to…
THE European Union (EU) on Monday expressed concern about the recent escalation along the Lebanon-Israel border area and the Israeli attacks against UN peacekeepers. “Such attacks against UN peacekeepers constitute a grave violation of international law and are totally unacceptable.…
PRESIDENT Volodymyr Zelensky on Sunday said that North Korea has sent soldiers as well as weapons to support Russia in its fight against neighbouring Ukraine. “We see an increasing alliance between Russia and regimes like North Korea. “This is no…
GERMAN intelligence services on Monday warned of a spike in Russian espionage in a public session of the parliamentary oversight penal. The annual meeting in Germany’s lower house, the Bundestag, was attended by leaders of the country’s three intelligence services.…
THE World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while being increasingly vulnerable to natural disasters and other catastrophes. In its analysis, the World Bank found that these 26 nations,…
THE global perception of Africa is significantly shaped by media narratives, and despite some progress in recent decades, Africa continues to be negatively portrayed, particularly by Western media. This misrepresentation has far-reaching consequences on Africa’s politics, international engagement, and…
THE World Bank has launched its new Business Ready 2024 (B-READY) report, evaluating the business and investment environments across 50 global economies. The report, a successor to the Doing Business initiative, is the first of three volumes to be released between 2024 and…
Tito Mboweni, South Africa’s former finance and labour minister, and the country’s first Black central bank governor, has died at the age of 65 after a brief illness, the presidency confirmed late on Saturday. Mboweni, a committed anti-apartheid activist, played…
NIGERIANS spend an astonishing $10bn annually on petrol and generator maintenance, according to a report by Sustainable Energy for All (SEforALL). This figure underscores the country’s heavy reliance on fossil fuels for electricity generation, despite its environmental and economic challenges. The report,…
