Tanzania floats East Africa’s largest freshwater vessel

The EastAfrican- Tanzania has floated East Africa’s largest-ever domestically manufactured fresh water passenger and cargo ship, the MV MwanzaHapaKaziTu, on Lake Victoria. The ship, launched at the Mwanza South Port on February... Read more »

Ugandan exports to Rwanda flourish on food supplies, raw materials

The EastAfrican- Rwanda’s appetite for imports from Ugandan grew to a record 60.55 million USD in the fourth quarter of 2022 from 15.64 million USD in the first nine months to September... Read more »

 South Sudan aims to turn ailing economy around

African News- Nearly 12 years after its independence, South Sudan, which holds the third largest oil reserves in sub-Saharan Africa, is unable to feed more than 7 million of its people who... Read more »

Tanzania set for 100 percent telephone penetration: TCRA

The Citizens- Tanzania is set to attain full voice telephone network coverage in the near future, a new report shows. The Tanzania Communications Regulatory Authority’s statistical report for the fourth quarter of... Read more »

 Uganda keeps oil dream alive amid rising criticism

The Nation- Uganda says its oil dream is alive despite intensified criticism from several groups, which this week lodged a complaint in the US against insurer Marsh that is brokering underwriting services... Read more »

 IMF raises 2023 global growth forecast on China’s reopening

 The International Monetary Fund (IMF) on Monday estimated that China’s economy will grow by 5.2 percent in 2023, 0.8 percentage points higher than its October 2022 forecast. “Growth is expected to pick... Read more »

 UAE and France to explore investable opportunities to boost clean energy sector

Projects will be developed jointly and Abu Dhabi’s Masdar will lead the initiative on behalf of  the Emirates  The UAE and France have agreed to develop commercial and other investable opportunities as... Read more »

Samsung profits sink to 8-year low as smartphone and PC demand drops

Samsung’s quarterly profits have plunged to their lowest level in eight years as customers snapped up fewer cell phones and laptops. The tech giant reported operating profit of 4.3 trillion Korean won... Read more »

U.S. to end COVID-19 emergency declarations on May 11

U.S. President Joe Biden’s administration on Monday said it will end COVID-19 emergency declarations on May 11, nearly three years after the country imposed sweeping pandemic measures to curb the spread of... Read more »

 ChatGPT: Challenges and opportunities for financial services

It’s been decades since algorithmic trading transformed Wall Street with its high-frequency trading, and years since the financial services industry began to integrate artificial intelligence in areas such as fraud detection, lending... Read more »