Every generation has produced countries that fundamentally rewrote the rules of economic development. Japan rebuilt itself from the devastation of war into an industrial giant. South Korea rose from poverty to become a global technology powerhouse. Singapore transformed a small…
Every morning, Uganda exports wealth it never fully keeps. In the hills of Ntungamo, a coffee farmer harvests beans that will eventually sell in European supermarkets for nearly twenty times what she earns. Uganda grows the coffee. Europe roasts it.…
Zambian ministers credit African Development Fund for fertilizer self- sufficiency boost, increased capacity for 250,000 new skilled workers Concessional financing from the African Development Fund (ADF) has been transformative for Zambia’s agriculture and education sectors, while “anchoring peace, prosperity, and…
Centenary Bank, under the leadership of Dr. Fabian Kasi, has been recognised for its outstanding contributions to Uganda’s economic growth, receiving two prestigious awards and three certificates of recognition from the Bank of Uganda. This impressive achievement is a testament…
Key Financial Highlights Absa Bank Uganda has announced impressive financial results for the year ended December 31, 2024, with profit after tax surging by 22% to Sh178 billion, up from the previous year. The bank’s total revenue grew by 15% to Sh546…
The African Development Bank Group has committed $934 million to SAPZs in 11 African countries Nigeria’s Cross River State became the second to mark construction of a Special Agro-Industrial Processing Zone after the country’s Vice President Kashim Shettima and African…
Uganda’s creator economy is rising as a powerful engine for youth empowerment, job creation, and digital innovation. In a country where over 75% of the population is under the age of 30, digital content creation is not just a trend,…
African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian government, the African Development Bank, and the State…
The Bank has approved 77 projects valued at $3.9 billion to support the implementation of Country Food and Agriculture Delivery Compacts across 32 countries, with an additional $1.72 billion in planned approvals this year African Development Bank Group, President Dr.…
The conference represents a pivotal step in mobilizing the billions needed annually to support Africa’s smallholder farmers, who make up some 80% of the continent’s farming population but control less than 5% of agricultural land Leading global and African financial…
In a significant move to enhance Uganda’s agricultural sector, the Uganda National Bureau of Standards (UNBS) has signed a USD 1.5 million (over Shs5.5 billion) partnership agreement with Trade Mark Africa. This collaboration aims to promote standardization and export of…
As Ugandan farmers battle prolonged drought and delayed wet seasons, experts emphasize that sustainable agriculture is the only lasting solution to climate change. Uganda, like many African countries, is increasingly experiencing drought due to climate change, leading to devastating effects…
The new Sunflower Processing Unit in the eastern district of Uvinza will give a business boost to 21,000 people A new sunflower processing unit in Tanzania’s eastern Uvinza district is transforming the agricultural landscape, boosting local businesses, and providing a…
Uganda’s agricultural sector is poised for a significant turnaround, thanks to the government’s focus on leveraging Agriculture Technology (Agritech). This was revealed by Matia Kasaija, the Minister of Finance, Planning and Economic Development, who was speaking at the Uganda-EU Business…
The Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF) has dismissed concerns raised by certain individuals and Civil Society Organizations (CSOs) regarding the use of specific pesticides in Uganda. In a statement issued on Friday, Permanent Secretary Maj. Gen. David…