A persistent lack of dollar demand continued to boost the performance of the shilling against the dollar on Tuesday. With supply for foreign currency outweighing dollar buyers, the home unit stood tall against the greenback throughout the session. The USD/UGX pair drifted towards the lower regions of the 3670-3690 range. As the dearth in foreign […]
Ugandan journalist Isaac Khisa has won APO Group’s invitation to attend the 2019 Africa Hotel Investment Forum (AHIF), the premier hotel investment conference in Africa. The forum will take place in Addis Ababa, Ethiopia from September 23 to 25. APO Group will offer one round trip ticket and accommodation in Addis Ababa (Ethiopia) for Isaac […]
Australia has been urged to more rapidly take up economic opportunities in Africa beyond mining as trade war impacts see China snaring the lion’s share of growth across the continent at the expense of the United States particularly. The plea was issued today by one of Australia’s most respected miners, Resolute Mining’s Managing Director, John […]
The Stanbic Purchase Managers Index (PMI) for August posted a slight decline in its headline registering 57.5 in August, down from 58.2 in July. However, the PMI still scored above the average since the survey began in June 2016. The survey, sponsored by Stanbic Bank and produced by IHS Markit, indicates that improving demand led […]
ENGIE has expanded its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions. Founded in 2011, the company employs over 500 people and about 1,200 contractors. Mobisol has operations in Tanzania, Rwanda, and Kenya and has installed more than 150,000 solar home systems, providing clean and reliable energy […]
TORONTO – Last May, just before Uber’s $82.4 billion initial public offering, the company’s drivers, together with those for its fellow ride-hailing platform Lyft (many drive for both), participated in an international day of industrial action, holding demonstrations in 24 cities – from London to Melbourne to New York City – to demand higher pay and better working […]
Somaliland’s quest to cement strong ties with Djibouti moved a notch higher with president Muse Bihi’s visit to its neighbours on Tuesday. Bihi is in Djibouti on invitation from President Ismael Omar Guelle. Top among the talks will be security in the horn and stronger socio economic ties between the two countries considered key in maritime […]
After launching inaugural flights to most destinations around East Africa, Uganda Airlines has released its flight schedules for commercial flights. Posting on their Facebook page, the carrier’s schedules are: •NAIROBI Twice Daily •JUBA Daily •DAR ES SALAAM Daily (Except Wednesday) •MOGADISHU 4 times Weekly Uganda Airlines took to the skies on August 28 to resume […]
Kenyan Consumer Confidence for the second quarter of 2019 was stable at 101 the same level as the previous quarter reflecting steady sentiment amongst Kenyan consumers. Nielsen East Africa MD Faith Wanderi says: “Consumer sentiment continues to be positive in Kenya post the recovery in quarter 1. Going forward the economic outlook looks positive as the country’s […]
The Uganda shilling crept higher against the dollar on Monday, a session that saw a late uptick in market activity especially on the foreign currency supply counter. After holding steady in the morning session, the home unit inched up on the back of corporate dollar supply in afternoon trading to close the day quoted at […]
CAPE TOWN – Earlier this year, Tropical Cyclone Idai tore through southern Africa, killing hundreds, injuring thousands, and displacing even more. In Mozambique, as much as half of all annual crops and critical infrastructure were destroyed. In total, over three million people in the region were affected. It was a stark reminder of Africa’s vulnerability to the […]
The African Energy Chamber has just concluded a one-week working visit in Beijing where it met with senior officials from the Chinese government, heads of state-owned energy companies, and executives and entrepreneurs from the private sector. During meetings with top Chinese energy companies and financial institutions, the African Energy Chamber discussed the signing of win-win agreements […]
The University of Toronto is developing an app that will help adolescent refugees in Bidi Bidi Refugee Settlement in West Nile to share Information on gender based violence among other issues affecting the youth in settlement camps. According to Carmen Logie an Associate Professor at the University, who is behind the project, says this involves […]