Staff Writer

  Members of Parliament have raised a red flag after learning that a single entity is lined up to take the lion’s share of funding to the Ministry of Trade, Industry and Cooperatives. The sharp imbalance proposed in the FY 2026/27 budget for the ministry will see the Uganda Development Corporation (UDC) allocated Shs422.35 billion equivalent to 82 percent of the budget, leaving other critical institutions underfunded. According to the […]

  Merck Foundation (www.Merck-Foundation.com), the philanthropic arm of Merck KGaA Germany, marks World Art Day 2026 through their Pan-African “Art and Fashion with Purpose” community, established by Dr. Rasha Kelej, CEO of Merck Foundation. On this occasion, the Merck Foundation also proudly celebrates the 6-year anniversary of this impactful community, which continues to harness the power of art and fashion to address critical health and social issues in Africa and […]

  Eugene Okpere, Executive Vice President Exploration, Strategy&Portfolio for Integrated Gas&Upstream at Shell, will speak at the Angola Oil&Gas (AOG) 2026 Conference and Exhibition – taking place this September in Luanda. Okpere’s participation follows Shell’s return to the market in 2025 and subsequent exploration agreement covering three deepwater blocks, a move expected to unlock approximately $1 billion in investment. Shell’s return to Angola after a 20-year hiatus marks a major […]

  Gabon is emerging as one of Africa’s most active upstream investment destinations, offering opportunities across frontier deepwater exploration, recent discoveries and ongoing production drilling. Clotaire Kondja, Minister of Petroleum and Gas, will represent Gabon’s investment agenda at the Invest in African Energy (IAE) Forum in Paris on April 22–23, as the country positions itself as a multi-entry hotspot for global oil and gas investment. The clearest signal of renewed […]

  WESGRO (https://apo-opa.co/4cMtugg), the official tourism, trade and investment promotion agency for Cape Town and the Western Cape, has partnered with Enlit Africa 2026 as a provincial partner, reinforcing the province’s position as a leading destination for energy investment, infrastructure growth and green economy development. The partnership reflects a shared commitment to advancing dialogue, collaboration and investment across Africa’s evolving power, energy and water sectors. By participating in Enlit Africa 2026, […]

  Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, today announced its equity investment in Dhamana Guarantee Company Limited (“Dhamana”), a credit enhancement facility established to unlock long-term, local-currency financing for infrastructure projects across East Africa. The investment forms part of AFC's approved commitment of up to US$20 million in capital, with an initial tranche of US$10 million in Dhamana’s core capital. Dhamana is designed to provide guarantees […]

  Nigerian oil and gas company Oando Energy has joined African Energy Week (AEW) 2026 as an Emerald Sponsor with compelling financial momentum after reporting a 10% year‑on‑year rise in profit after tax to ₦241.3 billion in profit for the full year 2025. Driven by stronger upstream performance, expanded crude and gas liftings and increased gas sales volumes, this performance is a clear indicator of operational resilience and strategic focus in […]

  Italy’s Gianni Merlo will continue in his role as President of the International Sports Press Association (AIPS) (www.AIPSMedia.com) for another four years after achieving a landslide victory over his Hungarian counterpart Zsuzsa Csisztu on 12 April, during the 88th AIPS Congress at the Olympic Museum in Lausanne. Merlo secured a commanding 83 votes (76.85%) out of the 108 valid votes cast to renew his mandate for a sixth and final […]

  The Board of Directors of the African Development Fund (ADF) has approved a grant of 1.7 billion CFA francs to finance the Project to Strengthen Competitiveness of the Private Sector across the West African Economic and Monetary Union (WAEMU). The project aims to strengthen competitiveness of the private sector and the broader economy across all eight WAEMU member states: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and […]