The Somali business community in the region is looking to explore trade opportunities in Uganda at the first ever business summit between the two countries to be held in Kampala. Corporates and the business community from the region will be showcasing their products and services in the Ugandan capital between August 9-10 at the Uganda-Somalia […]
Steven Gruzd, JOHANNESBURG – There was a time when Kenyan elections elicited only mild interest from the international community. For decades after Kenya gained its independence in 1963, the Kenya African National Union reliably dominated, owing to its use of questionable practices, some violence, and a persistently splintered opposition. But with the KANU’s defeat in 2002 and […]
Felix Bob Ocitti, Climate change is a global problem facing the human race from every part of the world without exception. This is due to human activity that has increased greenhouse gas (GHG) emissions, particularly Carbon dioxide (CO2) concentration resulting in a warmed-up atmosphere, ocean, and land. According to a 2021 scientific report by the […]
Kampala-Uganda, August 3, 2022: Increasing inflationary pressures tumbled private sector business activity during July as the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the threshold 50.0 no-change mark for the first time this year. Renewed contractions in output and new orders Input costs continue to rise Employment and purchasing scaled back The PMI dropped […]
03th August 2022 – Kampala, Uganda. Uganda Development Bank (UDB), the country’s Development Finance Institution, has today launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the Bank’s Business Accelerator For Successful Entrepreneurship Program, conducted with basis to […]
The transaction will see KCB acquire 85% of the DRC-based lender. KCB Group Plc has entered into a definitive agreement with shareholders of TMB to acquire a majority stake in the Democratic Republic of Congo (DRC)-based lender. The transaction is expected to close by the end of the third quarter of 2022, subject to regulatory, […]
Kampala, 2nd August 2022– Movit Products, scooped the Consumers Choice Award 2022 as the: Best Manufacturer of Personal Care, Body, and Hair Care Products in Uganda. The ceremony was graced by the Minister of Public Service, Muruli Mukasa on behalf of Prime Minister Robinah Nabbanja and flanked by the Minister of Trade Industry and Cooperatives, […]
Joonatan Huhdanmäki, On the back of its recent and substantial oil and gas discoveries, Senegal is now preparing to ensure that its vast natural gas resources will help meet future electricity demand and put an end to the excessive electricity prices undermining its economy. Senegal’s domestic gas reserves will be mainly used to produce electricity. Authorities […]
John Prendergast WASHINGTON, DC – Last month, the Belgian government returned a gold-capped tooth that was ripped from the mouth of the Democratic Republic of the Congo’s first elected prime minister, Patrice Lumumba, more than 60 years ago. Lumumba was assassinated in 1961 by a Belgian execution squad that dissolved his body in acid, taking the tooth […]
Kampala, 27th July 2022: Airtel Mobile Commerce Uganda Limited (AMCUL), the provider of affordable and secure financial services in Uganda has today announced that they will pay interest to the tune of UGX 3.4bn on customers’ daily balances for the past 91 days. Following the approval of the Trustees of Airtel Mobile Commerce Uganda Limited […]
Hundreds of thousands of people could die of starvation if the extent of Africa’s food security crisis is not recognised, says Isak Pretorius, CEO of the largest indigenous African non-governmental organisation, ForAfrika. “The food crisis – and rising malnutrition – affecting our continent is real and pressing, and I urge people of conscience to rally […]
Hippolyte Fofack, CAIRO – Since the Latin American debt crisis of the 1980s, sovereign-debt crises have become a regular occurrence for emerging and developing economies. Today, Sri Lanka needs a bailout from the International Monetary Fund after defaulting on its foreign debt in May, and a growing number of low-income countries are facing similar challenges. […]
Addis Ababa, 21 July 2022 (ECA) – As part of its regular Price Watch Dialogue series, the African Centre for Statistics (ACS) at the Economic Commission for Africa (ECA) hosted, on 21 July, a policy dialogue on the impact of the Ukraine-Russia conflict on commodity and food prices in Africa. In his welcoming remarks, Oliver Chinganya, ACS […]