DHL Express Mobile app launched in eight African countries, and a further 40 countries to be live by the end of 2020; App offers a number of key benefits that facilitate tracking and faster delivery; Growing demand for mobile services in Sub Saharan Africa drives further innovation. DHL Express has announced the launch of an […]
Japan and the African Development Bank on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
NEW YORK – The recent inversion of the yield curve in the United States – with the interest rate on ten-year US government bonds currently lower than that on short-term bonds – has raised fears of a possible US recession later this year or in 2020. Yet, paradoxically, a downturn in America could help to […]
NEW YORK – The Business Roundtable, an association of the most powerful chief executive officers in the United States, announced this month that the era of shareholder primacy is over. Predictably, this lofty proclamation has met with both elation and skepticism. But the statement is notable not so much for its content as for what it reveals […]
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 […]
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 […]
The Government of Uganda is working on a new National Social Security Fund (NSSF) bill that majorly targets to tax members’ benefits at the point of withdrawal rather than from the payrolls as it is. NSSF Managing Director Richard Byarugaba talked to East African Business Week’s PAUL TENTENA about the details of the new proposed […]