ATIDI Backs $7.7 million Hydro Project in Burundi
The pan-African trade insurance agency, The African Trade Investment and Development Insurance (ATIDI), has supported Songa Energy's USD 7.7 million run-of-the-river hydro project on the Ruvyironza River in Burundi.
The 1.65 MW project is expected to be the first hydro Independent Power Producer (IPP) in the country, is set to benefit from ATIDI's Political Risk...
Baltimore Key Bridge collapse live updates: 6 missing workers presumed dead, search to resume Wednesday
At least six people were unaccounted for and presumed dead after a large cargo ship crashed into a pillar of Baltimore's Francis Scott Key Bridge on Tuesday morning, causing it to collapse.
A total of eight workers who were fixing potholes on the bridge fell into the Patapsco River below. Two people have since...
Tanzania’s GDP growth to reach 6.3 percent in this year
Tanzania's real GDP growth is expected to reach 6.3% in 2024, this was revealed during the CEO Roundtable Meeting on East African Integration and Economic Outlook 2024 organized by the East African Business Council (EABC), in partnership with the Switzerland-Tanzania Chamber of Commerce, Tanzania Private Sector Association (TPSF), the Confederation of Tanzania Industries (CTI) and RSM Eastern...
Uganda to join single African air transport market
So far, only fourteen countries out of 29 that belong to the Eastern Africa, Southern Africa and Indian Ocean Community (IOC) have acceded to the Single African Air Transport Market, six years since it was launched. This has limited the potential economic growth and development of the region and greatly affected air connectivity within Africa as air...
South Sudan to suspend schools over high temperatures
A statement from the South Sudan ministry of Environment and Forestry released on March, 14th indicated that Juba and most parts of South Sudan is experiencing a heatwave.
“It is forecasted that this heatwave will last at least two weeks. Therefore, it is critical to take proper safety measures during this humid and hot...
Burundi-DRC constructs 130m bridge to ease movement
Burundi and the Democratic Republic of Congo are constructing a 130-meter bridge with an estimated cost of approximately 24 billion Burundian Francs that will connect Burundi and DRC in Cibitoke province.
The bridge’s reconstruction began on October 2, 2023 for a period of 13 months and 15 days, is currently financed by the World,...
Ndayishimiye meets stakeholders to revamp the economy
Burundi’s president Evariste Ndayishimiye on Thursday March 14, 2024 met with stakeholders and those in Burundi’s ministry of trade, Transport, Industry and Tourism to strategize in efforts to achieve Burundi’s as an emerging country in 2040 and a developed country in 2060.
During the meeting president Ndayishimiye said that the objective of the meeting...
EALA calls for liberalization and domestication of the East African air space
The East African Legislative Assembly on Tuesday called on member states to expedite the liberalisation and domestication of the East African Community airspace.
A motion in the East African Legislative Assembly was moved by Paul Musamali and Kennedy Musyoka calling on the council of ministers and partner states as per Article 89 of the...
AU approves SADC deployment despite Rwanda’s protest
A virtual meeting was held on 4th March 2024 by the African Union Peace and Security Council to consider the situation in
East Africa’s economy to grow by 5 percent in 2024
CEO Roundtable Meeting on East African Integration and Economic Outlook 2024 organized by the East African Business Council (EABC) in