Industry

Prudential Named Most Innovative Life Insurance Company in Uganda. Prudential Uganda has been awarded the most innovative life insurance company for the year 2020 at the inaugural Insurance Innovation awards organized by the Insurance Regulatory Authority (IRA). While recognizing the award, Arjun Mallik, Managing Director, Prudential East Africa said that the reason for innovation is […]

Kigali – 03.02.2021 – Tidjane Thiam chairs first Rwanda Finance Limited Board. The newly inaugurated Rwanda Finance Board of Directors convened for the first time this week to discuss the establishment of the Kigali International Financial Centre. The Board, led by Tidjane Thiam, Board Chair of Rwanda Finance, African Union Special Envoy on Covid-19 and […]

  Abidjan, Côte d’Ivoire 01 February 2021 – Ratings agency S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency said its outlook reflected the expectation that the African Development Bank (AfDB) would, over the next two years, “prudently manage its capital while […]

The number of households opting for customer-funded connections to the national power grid is now at 5,283. Power distributor Umeme says it received these applications between December and January. The government of Uganda had earlier in December implored eligible applicants that can afford to pay for connections to do so. Peter Kaujju, Head of communications […]

Megapipes Solutions Limited is now a member of the Plastic Pipes manufacturers of Kenya. KEPPMA confirmed Megapipes membership via a certificate awarded to the company. The membership is valid until December 2021 and will see Megapipes subscribe to the association’s code of ethics. Keppma is an entity that ensures plastic pipes manufactured in Kenya are of the right standards and specification. We work hand […]

The African Development Bank Group is pleased to announce the appointment of Directors General for the East, Central and Southern Africa regions and Deputy Directors General for the East, Central, Northern, Southern and West Africa regions. Serge N’Guessan, Director General, Central Africa Region As Director General, Central Africa, Serge will drive and ensure the operational […]

President Yoweri Museveni has launched a new multibillion Mukono North power transmission substation in Mbalala, near Kampala. The President said the UGX72.5 billion power station would help spur industrialisation and job creation. The substation is expected to provide reliable power supply to more than 75 factories in the Mukono Industrial Zone, currently employing an estimated […]

Leading power distributor Umeme is closing 2020 on a high note after completing the $83.3 million planned expenditure despite challenges brought about by the COVID19 pandemic. Umeme spent $83.3 million (about ShsX310 billion) in 2020 to ramp up capacity enhancement and network stabilization programme in rapidly growing regions across its footprint. The money is part […]

The African Development Bank is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020. Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division. Before joining the African Development Bank, he worked […]

The African Development Bank is pleased to announce the appointment of Ms. Aissa Touré as Country Manager for Rwanda. An economist and development expert, Aissa Touré, the Country Manager designated for Rwanda, a Senegalese national, brings to the Bank over 25 years of experience, working in three continents and 12 countries for 5 international organizations. Aissa’s […]