Is it true that China is putting Africa in a debt trap?
Between China and Africa, the large majority of the deals have been beneficial, interest-free, and preferential.
Category: Business
China-Africa cooperation fosters Africa’s regional economic integration
According to the China-Africa Trade Index, published for the first time in 2023, the value of China’s imports from and exports to Africa increased from less than 100 billion yuan ($14 billion) in 2000 to 1.88 trillion yuan in 2022, a cumulative growth of over 20 times.
To write new chapter in building China-Africa community with shared future
At the summit, Chinese and African leaders will discuss friendly cooperation and jointly outline a bright blueprint for the development of both China and Africa.
BingX introduces pre-launch futures for innovative crypto trading
BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency.
Dr Magoola goes to court for not repaying Equity Bank’s shs250 billion ‘vaccine’ loan
According to documents, on September 14, 2023, the bank advertised DEI properties as well as those owned by Dr. Magoola, including his Muyenga-based residential home.
Wazalendo breaks ground for commercial complex in Arua City
Wazalendo SACCO will serve as a hub for knowledge sharing and capacity building.
Army seizes charcoal and logs in Amuru and Zoka
The owners are charcoal dealers who travel all over Uganda to trade in the charcoal business.
MTN Uganda’s net profit jumps to shs295.7 billion
MTN has focused on advancing its fintech ecosystem by introducing new credit facilities such as Wesotinge, which was developed in collaboration with five financial institutions.
BingX sponsors CoinGecko’s 2024 second quarterly market report
In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
Kemira expands sodium chlorate capacity in South America to cater for growing pulp and paper market opportunities
Kemira’s chemistry know-how enables a wide range of traditional and new end products, from recyclable paper, board and molded fiber packaging, to tissue products and textiles.
XTransfer and Ebanx partner to facilitate B2B trade payments in Latin America
Through the collaboration with EBANX, XTransfer offers the preferred local payment methods from Latin America to businesses worldwide exporting to the region. Cash-based vouchers, electronic transfers, and Pix, the instant payments in Brazil, are among the options.
Cooperatives advised against straying from their primary goals
Asiimwe Ivan, General Secretary of the Uganda Cooperatives Alliance, praised the government’s support for the growth of cooperatives in Uganda.