3 million people to benefit from AfDB’s €345m road construction support

3 million people to benefit from AfDB’s €345m road construction support

Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan. The Bank’s
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A forgotten crisis: Half a million people displaced by drought in Ethiopia

A forgotten crisis: Half a million people displaced by drought in Ethiopia

Around 425,000 people are estimated to be living in internal displacement in Ethiopia as a result of drought. Children and youth make up half of this figure. As the Ethiopian Government
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Is Tech a New Frontier for Sustainability?

Is Tech a New Frontier for Sustainability?

Discussions about “sustainability” usually centre on a company’s environmental and social commitments, and for understandable reasons. But the financial sector, in particular, should consider two other, less obvious, dimensions of sustainability. Regulatory
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Dahabshiil affirms its commitment to social responsibility

Dahabshiil affirms its commitment to social responsibility

Dahabshiil, one of Africa’s money transfer company is committed to providing social support as part of its Corporate Social Responsibility. Dahabshiil which has operated for 45 years in the remittance business,
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Pay-As-You-Go for African Development

Pay-As-You-Go for African Development

The rise of digital pay-as-you-go (PAYGo) services in Africa is cause for celebration. By enabling low-income populations, both rural and urban, to access the goods and services they need not only
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Genel targets 2 billion barrels of oil in Somaliland exploration

Genel targets 2 billion barrels of oil in Somaliland exploration

Genel, the company exploring oil in Somaliland is targeting to get over two billion barrels. In August 2012, Genel was awarded an exploration license for onshore blocks SL-10-B and SL-13 in
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The Rape of India’s Soul

The Rape of India’s Soul

Injustice, discrimination, and violence are hardly unheard of in India. But today, they are being normalized, enabled, and even encouraged by the state, which is promoting an aggressive form of
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If Wealth Is Justified, so Is a Wealth Tax

If Wealth Is Justified, so Is a Wealth Tax

Economic inequality has moved to the top of the political agenda in many countries, including free-market poster children like the United States and the United Kingdom. The issue is mobilizing the
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As Uganda moves to a position as a premier tourist destination, Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020).
Industry Tourism

UTB announces 2020 Tourism Expo with focus on Intra-Africa travel

As Uganda moves to a position as a premier tourist destination, Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020). POATE is a tourism and travel trade exhibition which brings together regional and international tour operators, travel agents, destination agencies and various players in the tourism […]

Tanzania is emerging as an African leader in the rapidly growing meetings, conferences and events industry.

Why Tanzania is an African Leader for Business Tourism

Many small-scale companies in the tourism and hospitality sector in Tanzania are facing a bleak future as they are finding it difficult to comply with the tax regime.

Bleak future for Tanzania small tour operators as tax regime bites

The shilling traded relatively flat versus the greenback in what was a dull Tuesday trading session.
Markets

Dollar Creeps Lower on Cooling Hopes of Delay to Tariffs on China

The shilling traded relatively flat versus the greenback in what was a dull Tuesday trading session. Market activity was surprisingly dreary, with both demand and supply counters sizing each other out. Foreign currency flows were evenly matched for the majority of the session and kept the USDUGX currency pair steady. Looking ahead, flows are likely […]

The Uganda shilling continued its bullish trajectory against the dollar in Thursday’s trading session, boosted by ample dollar supply..

Dollar heads for weekly decline as data and trade tensions weigh

The local Foreign Exchange market begun the day as it had closed the previous one, with minimal activity witnessed across the counters, leaving the Uganda shilling unmoved for most of the session.

U.S. dollar flat as trade talks prolonged

Exchange Rates

The shilling traded relatively flat versus the greenback in what was a dull Tuesday trading session.
Markets

Dollar Creeps Lower on Cooling Hopes of Delay to Tariffs on China

The shilling traded relatively flat versus the greenback in what was a dull Tuesday trading session. Market activity was surprisingly dreary, with both demand and supply counters sizing each other out. Foreign currency flows were evenly matched for the majority of the session and kept the USDUGX currency pair steady. Looking ahead, flows are likely […]

The Uganda shilling continued its bullish trajectory against the dollar in Thursday’s trading session, boosted by ample dollar supply..

Dollar heads for weekly decline as data and trade tensions weigh

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