18th January 2022. Statistics show that users across Africa are going online to consume pirated content – striking a serious blow to the sustainability of Africa’s content-creation industries. Figures released by software security and media technology company Irdeto show that users in five major African territories made a total of around 17,4 million visits to […]
Douala Cameroon 11th January 2021: Prudential Africa has signed a sponsorship agreement with the Confederation of African Football (CAF) to become the official insurance partner of the 33rd edition of Africa Cup of Nations (AFCON) 2021. At a press conference to announce the sponsorship, Eric Mboma, Chief Representative Officer, Prudential Northern Africa Region said the […]
In a bid to increase access to digital financial services among the refugee communities in Uganda, Airtel has boosted infrastructure investments in the West Nile region in Uganda. Commenting on the progress made in the region, Mr. Amit Kapur, the Chief Commercial Officer at Airtel Uganda, at least 25,079 refugees in Yumbe and Adjumani districts […]
Kampala Uganda, 7th January 2022. Equity Bank Uganda has officially launched the Equity Leaders Program (ELP) by admitting its first cohort of 123 top-performing scholars from the 43 Districts where the Bank has a branch presence. The launch of the Equity Leaders Program, a mentorship and leadership development program, plays a significant role in extending Equity […]
Somalia Prime Minister Mohamed Hussein Roble is making attempts to rebuild the country’s relationship with the United Arab Emirates. Roble, while receiving grants from the UAE to aid those hard hit by drought said he will work towards bringing the two countries closer as he apologized and the 2018 confiscation of $10m in funds from […]
Early this week, TotalEnergies EP Uganda launched an online talent search that will eventually see employment of Ugandans for key positions in the drilling operations at its Tilenga oilfield in western Uganda and fast-track its commitment to National Content Development. Dubbed the Tilenga Massive Open Online Courses (Tilenga MOOC), it is a free online program to […]
Kampala, Wednesday— January 5, 2022 —Stanbic Bank Uganda has today announced the immediate availability of UGX60billion in hugely discounted ‘booster financing’ to the education sector a move aimed at supporting the ongoing nationwide reopening of schools after nearly two years of inactivity. Lender to also write-off accumulated interest on loans owed by indebted private schools […]
January 05, Kampala: The final month of 2021 saw further increases in output and new orders in the Ugandan private sector as demand continued to improve, according to Stanbic’s Purchasing Managers’ Index published today. Economic output and new orders grew in December Continued decline in employment opportunity creation Cost of industrial input also increased in […]
Abidjan, 5 January 2022 – The Board of Directors of the African Development Bank Group has approved a $47.09 million grant for the first phase of Mozambique’s Pemba-Lichinga Integrated Development Corridor, a Special Agro-Industrial Processing Zone. The grant, from the African Development Fund, will help improve agricultural productivity and agribusiness development in the Niassa province by […]
In 2022, the Ugandan economy is expected to benefit from a raft of foreign investments ultimately intended to make the country a commercial oil producer within the next three to four years. Backed by a government policy to encourage local participation, Ugandan companies could earn up to $1.5 billion from contracts associated with the development […]
Hippolyte Fofack, CAIRO – More than 20,000 Africans were killed in violent conflicts in 2020, an almost tenfold increase from a decade ago. Concurrently, and perhaps not coincidentally, Sino-American rivalry has escalated sharply. A new cold war, this time between the United States and China, along with other regional security threats, could be disastrous for Africa’s economic […]
Nairobi, 4th January 2022. Equity Group has acquired a US$ 165 million (Ksh 18.6 billion) loan from the International Finance Corporation (IFC) to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients in Kenya, especially those facing COVID-19 related challenges. The loan from IFC, which is a member of the […]
Kyambogo University student Ssendikadiwa Martin is among the monthly lucky winners who won 10 million shillings under the Airtel Money after Money promotion that has been ongoing for two months now. The win comes at a time when schools that were under full lockdown for almost 2 years are set to reopen on 10th January. […]