Accra, 29 January 2023 (ECA) – Trade experts, business executives, and advocates of the African Continental Free Trade Area (AfCFTA) from across the continent have expressed concerns about the slow progress on the ratification of the Protocol on the movement of people. The Agreement has, thus far, been signed by fifty-four of the fifty-five African […]
KCB Bank Uganda, through its revamped online banking platform, has provided a mobile loan of up to UGX 5 million that can be accessed by parents as they prepare for school fees payment. The KCB Mobi loan is a collateral free financial solution offered on the Bank’s mobile-based banking through the Unstructured Supplementary Service data […]
The East African Community (EAC) this week officially launched the verification mission to assess Somalia’s readiness to join the regional bloc. A team of experts from the partner states will be in Somalia from January 25 to February 3, 2023. The team will, among other roles, seek to establish the country’s level of conformity with […]
Dakar, 26 January 2023—The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of […]
Kampala, January Tuesday 24th, 2023. TECNO’s premium sub-brand, PHANTOM, today launched its new flagship smartphone PHANTOM X2 Series. It is the world’s first smartphone to feature a retractable portrait lens comparable to a professional camera designed to capture our most cherished moments. The PHANTOM X2 Series comprises PHANTOM X2 Pro 5G and PHANTOM X2 5G, which […]
Kampala , Uganda 25th January 2023. Pesapal has today launched a new Forecourt Management Solution in Uganda, Kenya and Tanzania. It is the first solution developed specifically for Africa that delivers integrated payments alongside monitoring and data tools. Integrated payments, monitoring and data tools Helping launch new fuel, charging and convenience services Cutting down pilfering The […]
24th January 2023, Kampala, Uganda – Sanlam Uganda, a provider of cutting-edge insurance and financial services in Uganda today announced entries for the 2022 Sanlam Awards for Excellence in Financial Journalism, one of the leading prizes in Africa recognising exceptional business journalism since 1974. New ESG category to provide focus on Africa’s sustainability issues Entries […]
KAMPALA, January 25, 2023: Uganda’s oil industry registered another key milestone on January 24, 2022, with the launch of the spudding (commencement of drilling of the oil wells) for the Kingfisher oil field. CNOOC Uganda Limited operates the Kingfisher field on behalf of the Joint Venture Partners TotalEnergies E&P and Uganda National Oil Company (UNOC). […]
Nana Akufo-Addo and Jakaya Kikwete, ACCRA – The International Day of Education (January 24) is a good time to reflect on education’s essential role in achieving a peaceful and prosperous world. The severe impact that the COVID-19 pandemic, the global food and fuel crises, and climate change have had on the learning experience of millions […]
Kampala, Monday, 23rd January 2023: Standard Chartered Bank Uganda has today launched an offshore Mutual Funds product for their clients during a press conference held at Kampala Serena Hotel and presided over by the Bank’s CEO, Sanjay Rughani and Keith Kalyegira, the CEO, Capital Markets Authority among other executives. With this proposition, the Bank’s clients will enjoy access […]
Nairobi, Kenya, Monday, 23rd January 2023. Kenya’s economy is expected to remain subdued in 2023, growing at a projected 5%, pulled down by a persistent rise in commodity prices, global events and a high risk of debt distress. However, there is an opportunity for the economy to register a remarkable upward trend if the government focuses […]
Samuel Nabwiiso, The African Fertilizer Financing Mechanism (AFFM) has received a $10.15 million financing support from the Norwegian Agency for Development Cooperation (NORAD). The financing will target Agricultural projects for Small Scale Farmers in Uganda, Kenya and Mozambique. NORAD’s contribution will enable the Africa Fertilizer Financing Mechanism to provide credit guarantees for up to 36 […]
Samuel Nabwiiso Intra-regional trade within the East African Community (EAC) has registered an upward trajectory, standing at USD10.17 billion by the end of September 2022. The intra-EAC trade, accounting for imports and exports in the 7 EAC Partner States, grew from 13% in 2019 at a value of USD 7.1 billion to 15 % in […]