Heads of African Union member states have called for more commitment and accountability in Africa’s effort to achieve continental and global goals for nutrition ahead of the 2025 World Health Assembly Nutrition target deadline. The leaders took part in a nutrition-themed side event during the 36th Ordinary Session of the Assembly of the African Union, co-organized by the Kingdom of Lesotho,...

Since 2014, East African Community member countries have been implementing measures to harmonize roaming rates. Four countries have implemented the measures. They are namely Kenya, Rwanda, Uganda, and South Sudan. The East African Community (EAC) Sectoral Council on Transport, Communications, and Meteorology has ordered Tanzania and Burundi to harmonize their roaming rates with community...

The financing is provided by Canadian development finance institution Findev, which participated in the Export Trading Group's syndicated financing about two years ago. Export Trading Group (ETG), one of Africa's leading agricultural conglomerates, recently secured a $55 million term loan from Canadian development finance institution Findev Canada. The 5-year fully amortized loan was...

The 2022/2023 fiscal year begins with stronger growth but some pressures, inflation and currency depreciation notably, threaten that growth.  Uganda's economy grew by 7.5% in the first quarter of the current fiscal year (2022/2023), according to the monthly economic performance report published by the Ministry of Finance last Tuesday. The growth is up by 4.8 points compared with the rate...

Africa Specialty Risks (“ASR”), the pan-African focused reinsurance group, has been approved as a coverholder at Lloyd’s, the world’s leading specialist insurance and reinsurance market. As a Lloyd’s Coverholder, ASR is able to work with Lloyd’s syndicates and manage delegated authorities for specialist lines of business commencing with Political Violence and Terorrism and leverage...

The African Development Bank  will partner with African Hidden Champions in support of its efforts to promote the growth of African companies and aid their transformation into global champions. African Hidden Champions, co-founded by Africa Foresight Group (AFG) and the German Investment Corporation, DEG - Deutsche Investitions- und Entwicklungsgesellschaft,  identifies African firms...

The last SIM verification campaign was due to end on January 31, but the government extended the deadline to February 13 to allow all citizens using telecom services to get comply with the rules. The Tanzania Communications Regulatory Authority (TCRA) has deactivated  970,046 unregistered SIM cards, Semu Mwakyanjala, the regulator's chief communications officer, announced over the...

With XOF873 billion ($1.42 billion) raised this year, governments have already made twice as many public securities issuance as they made in 2022. As of February 20, 2023, WAEMU countries have raised XOF873 billion ($1.42 billion) in 53 operations, according to data seen by Ecofin Agency. Specifically, the funds were raised through 25 and 28 treasury bills and bond issuance operations on the...

In recent years, the number of joint projects implemented by Uzbekistan and Egypt has increased sixfold, according to Uzbek President Shavkat Mirziyoyev. During the latter's ongoing visit (February 20-21) to Egypt, new cooperation agreements were signed.   Egypt and Uzbekistan want to increase bilateral cooperation through new investments in several sectors, according to a release...

Following a rigorous review, WeLight has become the first company in Madagascar to achieve the B Corporation (B Corp) certification, an international label for companies that meet the highest standards of environmental and social performance. WeLight Madagascar in now part of a community of 50 certified B Corps in Africa. This prestigious recognition highlights WeLight's commitment to creating a...