Huawei 2020 Annual Report Out
ICT Industry

Huawei 2020 Annual Report Out

Huawei reaffirms its commitment to creating greater value for customers and society in the face of adversity [Shenzhen, China, March 31, 2021] Huawei released its 2020 Annual Report today. Growth slowed, but the company’s business performance was largely in line with forecast. Huawei’s sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year, […]

Umeme Shakes Off Challenging Year
Africa Industry

Umeme Shakes Off Challenging Year

Leading power distributor Umeme navigated a challenging year to register profit for its shareholders amidst a tough COVID19 operating environment and the regulatory lag in recovery of outstanding income. Although the profits declined, the giant utility managed to complete its capital investment programme of $75m (about sh279b) to improve the network distribution capacity, supply reliability […]

African Development Bank Named the World's Best Multilateral Financial Institution 2021
Africa Industry

African Development Bank Named the World’s Best Multilateral Financial Institution 2021

Abidjan, 9 March 2021 – The prestigious U.S. magazine, Global Finance, specializing in financial markets and investment banking, has named the African Development Bank as the “Best Multilateral Financial Institution in the world for 2021”.  The award is a global recognition for the path-breaking efforts of the African Development Bank as it transforms itself into a solutions bank […]

Energy Sector Players in a Drive to Improve Power Supply-Northern Uganda
Africa Industry Investment

Energy Sector Players in a Drive to Improve Power Supply-Northern Uganda

Energy sector players in a drive to improve power supply in Northern Uganda. Northern Uganda has experienced unprecedented growth over the past years which has come along with increasing demand for electricity. Given the escalating thirst for electricity, Umeme and other sector players including UETCL, UEDCL and REA are undertaking critical projects to improve supply […]

Stanbic Bank to Boost Businesses with Affordable Loans
Africa Industry

Stanbic Bank to Boost Businesses with Affordable Loans

Stanbic Bank Uganda has today launched the ‘Now-Now loans’ campaign aimed at offering customers quick and affordable loans to overcome financial challenges in the wake of the Covid-19 pandemic. Grace Muliisa, the Stanbic Bank’s Head of Personal and Business Banking said, “The ‘Now-Now loans’ campaign is a new concept derived from the exciting loan offering […]

Emirates SkyCargo to Work with UNICEF for Vaccine Distribution
Africa Industry Wellness

Emirates SkyCargo to Work with UNICEF for Vaccine Distribution

Dubai, UAE – Emirates SkyCargo to Work with UNICEF for Vaccine Distribution. The parties have signed an agreement to prioritise the transport of COVID-19 vaccines, essential medicines, medical devices and other critical supplies to help fight the COVID-19 pandemic. The announcement is the latest in a series of measures undertaken by the freight division of […]

Umeme on Stakeholder Engagement in Northern Uganda
Africa Industry Investment

Umeme on Stakeholder Engagement in Northern Uganda

Umeme a leading power distributor in Uganda has embarked on stakeholder engagement meetings with various stakeholders across the country, starting with Northern Uganda to explain the company’s planned projects aimed at improving power reliability in the communities. The main objective of the meetings was to inform customers in the districts of Lira, Gulu, and Kitgum, […]