Mar 28, 2024
Uganda's Tourism Sector Nears Full Recovery Post-Covid, Projected to Surpass Pre-Pandemic Levels by Year-End
This resurgence is largely attributed to an increase in arrivals from Africa and key overseas markets, including the United Kingdom, the United States of America, and India....
Mar 28, 2024
Ethiopia's Leading Bank Recovers Nearly 80% of Funds Lost to System Glitch
Abe Sano, the bank's president, revealed to the media on Tuesday that the glitch allowed transactions ranging from as little as 9 cents to $5,350 to occur. Initially, the bank reported a staggering loss of $40 million due to the fault....
Mar 27, 2024
Bank of Uganda Announces Transition of Three Commercial Banks to Credit Institutions
Stakeholders across the board, from banking professionals to customers and economic analysts, await further details on how these transitions will unfold and the potential impacts on Uganda's banking and financial services landscape....
Mar 27, 2024
Kenya Airways Achieves Operating Profit for First Time Since 2017
According to the AFP news agency, the airline's profit exceeded $80 million (£63 million) in 2023, a notable achievement attributed largely to a surge in passenger numbers, which propelled revenue by more than 50%....
Mar 27, 2024
South Sudan Faces Deepening Crisis After Oil Pipeline Damage
The technical team's inability to repair the pipeline due to the fighting between Sudan’s paramilitary Rapid Support Forces and the Sudanese army compounds the problem....
Mar 26, 2024
Rwanda's Parliament Passes Bill to Tighten Tree-Cutting Regulations
This law aims to further preserve the environment and prevent the effects of climate change," the parliament announced....
