A persistent lack of dollar demand continued to boost the performance of the shilling against the dollar on Tuesday.
Markets

Shilling ends Friday unchanged against dollar

The shilling traded sideways against its American counterpart, though ending the day unchanged from previous close. Lack of economic news left most of the players sidelined with price action for the USD/UGX pair guided mostly by flows. Corporate dollar demand remained well matched by foreign currency inflows from various sectors of the economy throughout the […]

Kobo360 has been in beta operation in Kenya for five months, with access to over 3,000 trucks and truck owners.
Africa EAC Industry Opportunities

African e-Logistics Start-up sets up in Kenya to Power Coast-to-Coast operations

An African e-Logistics start-up, Kobo360, has launched its operations in Nairobi, Kenya, marking the company’s first physical expansion into East Africa. The new regional office, led by Kobo360 CEO – African region, Kagure Wamunyu, comes as the company looks to foster seamless intra-African trade by connecting and supporting cargo owners, truck owners & drivers, and cargo […]

Andrew Higham is Chief Executive of Mission 2020 and a visiting fellow of practice at the University of Oxford’s Blavatnik School of Government
Opinions

The Slow Greening of Finance

OXFORD – Some of the most influential players in the global economy are spearheading the shift toward a clean, green, emissions-free world, even while key governments stand idle. Financial giants from Europe, China, Japan, the United States, Australia, and elsewhere can see the looming risks and rewards, and they are not waiting on policymakers to […]

Africa blog image 01
Industry

Women are key to the future of the Crypto-Economy

As South Africa celebrates Women’s Month in August, global peer-to-peer bitcoin marketplace, Paxful, supports the important role that women are playing, and should continue to build on, in the innovative blockchain technology and cryptocurrency sector. While looking into expanding its presence in South Africa, Paxful is hoping to nurture as much female talent as possible. […]

Global Coaches bus
Industry Travel

Mbarara-Kampala highway Transport normalises as Global buses return

Transport fares from Mbrarara to Kampala are normalising as Global Coaches buses come back on the road after temporarily suspending business yesterday. Global Coaches buses operations were suspended after the Transport Licensing Board ordered the company’s drivers to report to the agency and have their driving permits verified. Seizing the moment, other bus companies plying […]

Japanese Prime Minister Shinzo Abe
Africa Agribusiness

Shinzo Abe says Japan will help double Africa’s rice production by 2030

The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030. Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during the Seventh Tokyo International Conference on African Development. “Japanese technology can play a key […]

Victor Harison is the African Union Commissioner for Economic Affairs. Mario Pezzini is Director of the OECD Development Centre and Special Adviser to the OECD Secretary-General on Development
Opinions

Firms Must Drive Africa’s Transformation

ADDIS ABABA – The African Continental Free Trade Area, launched at the 12th Extraordinary Summit of African Union Heads of State and Government in July 2019, is the largest multilateral trade agreement since the founding of the World Trade Organization. Comprising one billion people and accounting for over $2 trillion of the continent’s GDP, the […]

Michael Spence, a Nobel laureate in economics, is Professor of Economics at New York University’s Stern School of Business and Senior Fellow at the Hoover Institution.
Opinions

The End of Shareholder Primacy?

MILAN – This month, the Business Roundtable, a group comprising the CEO’s of America’s largest and most powerful corporations, formally abandoned the view that maximizing shareholder value should be a company’s primary objective. The implication is that shareholders will no longer always take precedence over other stakeholders such as customers, employees, suppliers, and the communities […]