Winnie Byanyima, GENEVA – This month, the world could have been celebrating the waning of the COVID-19 pandemic. Instead, vaccine apartheid and restricted production continue to fuel the spread of the coronavirus. A year has passed since the first COVID-19 vaccines were approved, offering hope that humanity could be liberated from this disease. Scientists did […]
KCB Uganda has rolled out ATM recyclers at select banking halls across the country, as a way of enhancing customer experience and improving the turnaround time at the banking halls With the constant rise and improvement in technology, different industries have persistently upgraded their services with the adoption of new technologies that are tailored towards […]
KAMPALA – 22 December 2021– The Danish Government has donated a total of 742,000 vaccine doses to the Ministry of Health to assist Uganda in its fight against COVID-19. A shipment of 258,000 Oxford-AstraZeneca doses arrived on 14 December 2021, with an additional shipment of 484,000 Moderna doses scheduled for arrival on 30 December. Both […]
WASHINGTON, December 20, 2021—The World Bank approved $200 million to help the Government of Uganda mitigate the effects of COVID-19 on private sector investment and employment and to support new economic opportunities, including in refugee and hosting communities. Of this amount, $96 million is a credit from the International Development Association (IDA) while $104 million […]
Kampala, Monday, December 20th, 2021: Power distributor Umeme connected 125,000 new customers to the grid in the 11 months to November 2021. This represents a 54% growth in new connections from 57,000 recorded in the same period in 2020. “Of the 125,000 connected customers, 53,000 were self-funded and the remaining 72,000 through the Government-subsidised programme […]
Kampala, Uganda: Small and Medium Enterprises (SMEs) now have more efficient access to credit thanks to a newly established technological gateway to European-based investors. This follows the launch of the partnership between CapitalSavvy, Ugandan investment management and advisory firm, and Monetix, a Swiss-based financial technology development company, today in Kampala. The joint venture is expected […]
Uganda, 15 December 2021 – Experian Uganda (previously Compuscan CRB) is honoured to receive a Visionaries Award from the Government of the Republic of Uganda for the fourth time. The Visionaries of Uganda Awards are aimed at recognising the top achievers in different sectors of the economy in both Government and Private Sectors, highlighting their […]
Kampala, 17th December 2021- Airtel Uganda in partnership with Buganda kingdom have today relaunched the Airtel K2 partnership. This was revealed at a press briefing held today at Bulange in Mengo. Starting in August 2018, the Airtel K2 partnership saw the integration of K2 customers into the Airtel fold under the number ranges 708 and […]
The LC5 Chairperson of Busia, Mr Stephen Wasike Mugeni has asked Ugandans to buy shares in Umeme to benefit from the good performance of the Utility. Wasike, while speaking at the opening of the Busia Service Centre this week said Umeme’s performance over years was glowing and the locals should be part of the success […]
Kristalina Georgieva and Félix Tshisekedi, KINSHASA – Africa contributes almost nothing to global warming. Its 1.4 billion people – around 17% of the global population – are responsible for less than 3% of the world’s total greenhouse-gas emissions. Moreover, data suggest that the forests of the Congo River Basin alone absorb 3% of global carbon-dioxide emissions every year Nonetheless, Africa finds […]
Abidjan, 16 December 2021 – Ethiopian President Sahle-Work Zewde met with African Development Bank President Dr. Akinwumi A. Adesina while on a working visit to Côte d’Ivoire. Meeting Thursday at the Bank’s headquarters in Abidjan, they discussed Ethiopia’s current and post-Covid-19 development priorities. Describing the African Development Bank as Ethiopia’s development partner of choice, President Zewde commended the […]
WASHINGTON, December 16, 2021—The World Bank has approved $180.3 million in additional financing for the Uganda COVID-19 Response and Emergency Preparedness Project to expand affordable and equitable access to COVID-19 vaccines and build a more resilient health system. Of the $180 million, $164.3 million is an International Development Association (IDA)* grant which includes $27 million from the […]
PostBank Uganda a financial institution that is committed to empowering lives and livelihoods has today officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. The bank, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit-taking financial institution that […]