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magazine

Economy

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Karuma power plant finally goes online after 11 years off work
27 Sep
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Karuma power plant finally goes online after 11 years off work

Uganda’s largest hydroelectric project, Karuma, was finally put into service on Thursday
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The Ugandan finance office says the country will cut spending and borrow less in 2025/26
27 Sep
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The Ugandan finance office says the country will cut spending and borrow less in 2025/26

The Ugandan government wants to cut spending by just over a fifth
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Angolan notebook: The reasons behind Africa’s most costly city, Luanda
26 Sep
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Angolan notebook: The reasons behind Africa’s most costly city, Luanda

United States President Joe Biden has declared that he will embark on
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Uganda Airlines begins operating flights to Harare and Lusaka
26 Sep
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Uganda Airlines begins operating flights to Harare and Lusaka

Just two weeks after the airline added Abuja to its Lagos route,
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The president of Nigeria says Exxon wants to invest $10 billion in oil in the country
26 Sep
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The president of Nigeria says Exxon wants to invest $10 billion in oil in the country

A presidential spokesman said Thursday that company executives from Exxon Mobil Corp
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Uganda opens a $1.7 billion electricity plant that was paid for by China
26 Sep
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Uganda opens a $1.7 billion electricity plant that was paid for by China

An $1.7 billion power plant built on the Nile River was officially
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Israel claims it has gotten a $8.7 billion help package from the US
26 Sep
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Israel claims it has gotten a $8.7 billion help package from the US

Israel said Thursday that it had received a $8.7 billion aid package
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Pakistan gets more financial guarantees from China, the UAE, and a Saudi IMF official
26 Sep
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Pakistan gets more financial guarantees from China, the UAE, and a Saudi IMF official

An IMF official said on Thursday that Pakistan has gotten “significant financing
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Embraer says that South Africa is in talks to buy a C-390 plane
25 Sep
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Embraer says that South Africa is in talks to buy a C-390 plane

South Africa has advanced discussions over a prospective acquisition of Embraer’s C-390
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Kenya is on the brink of securing a $1.5 billion budget support loan from the UAE, according to a source
25 Sep
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Kenya is on the brink of securing a $1.5 billion budget support loan from the UAE, according to a source

A source familiar with the situation has informed Reuters that Kenya’s government
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