BY SHADRACK KAVILU Nairobi, Kenya–Mauritius-based Cim Finance has launched a one stop mobile app “Aspira” for product financing for assets such as furniture, phones, and electronics amongst others. The app which was launched in Nairobi on Wednesday will be available on IOS and Android mobile platforms. The app will allow users to apply for credit, get […]
BY EABW REPORTER KAMPALA, UGANDA- Stanbic Bank in partnership with key stakeholders in the Oil and Gas sector have augmented their commitment to promoting increased local content participation with the graduation of 34 SMEs as the first cohort in the recently launched business incubator. The Entrepreneur Development Programme is purposed to equip Ugandan SMEs with […]
BY PAUL TENTENA Lusaka, ZAMBIA- COMESA Ministers of Justice and Attorneys General have approved new regional legal instruments among them, the COMESA Airspace Agreement and the Agreement on admission of Somalia to COMESA. The COMESA Airspace Agreement and its Enabling Regulations aims at achieving a seamless upper airspace for the region which will lead to […]
BY EABW REPORTER KAMPALA, UGANDA- Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) have celebrated ten years of partnership by hosting a high level Business forum for members of the Ugandan/China Business community. ICBC, the world’s biggest bank, is the single largest shareholder in Standard Bank group having acquired a 20.1% stake […]
BY EABW REPORTER KAMPALA, UGANDA- Ecobank won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise […]
BY SAMUEL NABWIISO KAMPALA, Uganda–DFCU bank has revamped its Omni-Channel –e Banking Platform with the aim of extending reliable and faster banking services to their customers across the country. The e-banking platform was first introduced in 2011 with the aim of delivering a convenient and seamless experience for customers using Feature phones, Smartphones and the […]
BY PAUL TENTENA KAMPALA, UGANDA–Uganda’s economy is expected to grow at 5.5 percent this year, rising above 6 percent all through to 2019, according to the World Bank’s 11th Uganda Economic Update launched in Kampala today. The improvement in performance, following two years of sluggish growth, is driven by agriculture and the services sectors. […]
BY EABW REPORTER ADDIS ABABA, ETHIOPIA- The transformational opportunities offered by the African Continental Free Trade Area together with the measures needed to unlock them has been the focus for a High-level Ministerial Dialogue convened by the UN Economic Commission for Africa in Addis Ababa (Ethiopia). During the 51st Conference of Ministers, Dr. Abiyi Ahmed, […]
BY EABW REPORTER ADDIS ABABA, ETHIOPIA- Experts have called for combined forces to stem the illicit movement of money and capital from one country to another amid revelations that illicit financial flows from Africa were stifling the continent’s development progress. Speaking at a high-level discussion during the UN Economic Commission for Africa’s (ECA) Conference of […]
BY EABW REPORTER ADDIS ABABA, ETHIOPIA- Africa has been slow to convert its natural resources endowments to tangible development outcomes because of weaknesses in governance, according to the fifth edition of the African Governance Report published by the UN Economic Commission for Africa (ECA). The report launched during the recently concluded ECA Conference of Ministers […]
BY EABW REPORTER OTTAWA, CANADA- Women who work in artisanal and small-scale mining (ASM) face economic, decision-making, legal and institutional exclusions due to cultural norms. This is the finding of a new report from the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF). ASM is a complex and diversified sector, ranging from informal […]
BY PAUL TENTENA KAMPALA, UGANDA- Four people have stepped aside from the Umeme Ltd Board of Directorship role to pave way for new faces on the power suppliers’ board. During the Umeme Shareholders Annual General Meeting held in Kampala, Adrian Mucalov, Christopher Nicholson, David Grylis and Charles Chapman all stepped aside to have the inclusion […]
BY EABW REPORTER MANCHESTER, USA–Manchester Airport has secured a landmark route into the heart of Africa, underlining its pivotal role in connecting the North to the world’s most important markets. Ethiopian Airlines today confirmed it will operate a four-times-a-week service to Addis Ababa, the East African nation’s capital. The route will unlock connections to more […]