AFRICAN ECONOMIES TO EXPERIENCE FASTER ECONOMIC RECOVERY- AFDB

AFRICAN ECONOMIES TO EXPERIENCE FASTER ECONOMIC RECOVERY- AFDB

Faith Nyasuguta The African Development Bank (AfDB) has noted that Africa’s economies are set to grow faster than global projections this year. However, the budget and trade deficits will continue weighing down majority of the countries as risks persist. In its Africa’s Macroeconomic Performance and Outlook report released Thursday, the AfDB said the continent’s GDP […]

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 UGANDA KICKS OFF OIL DRILLING, PRODUCTION SET FOR 2025

UGANDA KICKS OFF OIL DRILLING, PRODUCTION SET FOR 2025

Faith Nyasuguta Ugandan President Yoweri Museveni on Tuesday commissioned the nation’s first of four oil rigs to commence drilling at the Kingfisher field on the shores of Lake Albert as the country eyes production in 2025.  The three other rigs will be installed at Tilenga. The East African nation discovered crude reserves estimated at 6.5 […]

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 MUSK AUCTIONS TWITTER HQ ITEMS, BIRD FETCHES $100,000

MUSK AUCTIONS TWITTER HQ ITEMS, BIRD FETCHES $100,000

Faith Nyasuguta A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm’s downtown San Francisco headquarters. The online auction of “surplus corporate office assets of Twitter” lasted for over 24 hours and featured a 10-foot neon light in the shape of Twitter’s […]

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 SCORES OF BODIES FOUND IN DR CONGO MASS GRAVES

SCORES OF BODIES FOUND IN DR CONGO MASS GRAVES

Faith Nyasuguta On Wednesday, the United Nations revealed that peacekeepers discovered mass graves in the eastern part of the Democratic Republic of Congo, following a series of attacks blamed on a local militia. Peacekeepers made the discoveries while patrolling the troubled Ituri province following violent attacks by suspected CODECO militants. “Our colleagues there report that […]

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