Industry

Ouagadougou, 29 November 2021 – Afreximbank congratulates Vista Bank Group for its successful expansion to promote Intra-African trade. The EUR 59.167 million facilityfrom Afreximbank’s Intra-African Investment supports Vista Bank’s expansion through its majority stake acquisition in VIstaGui (ex- Banque Internationale pour le Commerce et l’Industrie de la Guinée (BICIGUI)) and Vista Bank Burkina (ex- Banque Internationale pour le Commerce, l’Industrie et l’Agriculturedu Burkina (BICIAB)), from BNP Paribas.​ Under Vista’s ownership, Vista Bank Burkina and VistaGui’s customers will be […]

Kampala, Uganda – 8 November 2021 – I&M Group PLC officially launched its rebranded operations in Uganda today, following its acquisition of Uganda’s Orient Bank Ltd on 30th April 2021. The Ugandan bank will now operate as I&M Bank (Uganda) Limited and adopt the Group’s vibrant corporate logo and colours. The Nairobi-based financial Group announced […]

As part of the visit to Kenya of the French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, Proparco granted Equity Bank two guarantee facilities, ARIZ and EURIZ totaling €39 million (5 billion KES) to help the Kenyan bank further support job-creating MSMEs. Proparco also granted a €550,000 technical assistance facility to support […]

Kampala, 27th October 2021; Airtel Uganda, Uganda’s largest 4G network has today launched a campaign to reward customers who transact using Airtel Money. Customers will be gifted with Free Minutes upon conducting a transaction via Airtel Money. 30 day inactive Airtel Money customers to receive Free 10 Minutes once they deposit Ushs. 1,000 or more […]

The 2021 Accountancy Service Awards (ASA) will honour finance teams and accountants that have made remarkable contributions towards assisting their organisations, clients and communities to navigate the COVID-19 pandemic and stay afloat. The Institute of Certified Public Accountants of Uganda (ICPAU), the organiser of the ASA has added two award categories for 2021, namely, the […]

Kampala – October 10, 2021: Stanbic Bank Uganda Limited and Kampala City Traders Association (KACITA), have gone into a partnership that will significantly ease traders’ ability to source goods from Asian markets as well as pay the stipulated taxes on the imported items. This is expected to improve compliance, but the bigger aim is to […]

BUTAMBALA 13th October 2021. Residents of Kitimba and Mpanga in Butambala were in a joyous mood as electricity distributor Umeme switched on lines co-funded by the Government of Uganda and KFW this week. They say their future is brighter owing to the benefits of electricity with their eyes focused on commercial activity. Mathew Kakooza, a […]

Johannesburg, South Africa, 28 September 2021. Africa.com undertook a rigorous research project to identify not just high-profile personalities, but the women who actually run the largest, most complex businesses on the African continent.  The result is called The Africa.com Definitive List of Women CEOs. Harvard Business School Professor Tony Mayo will present his research findings on […]

24th September 2021, Fortportal. Uganda’s Tourism Fort Portal City is now assured of a more reliable electricity supply after power distributor Umeme sinking investments in network improvement, building switching stations and installing new transformers in the area. Selestino Babungi, the managing director, told stakeholders during the opening of the $200,000 state-of-the-art new regional service centre […]

Abidjan, 23 September 2021 – The Board of Directors of the African Development Bank Group have approved a new policy framework for the Independent Recourse Mechanism (IRM) aimed at strengthening accountability and providing more effective recourse to people affected by Bank-financed operations. The policy framework is the result of a series of internal and public stakeholder […]

Energy is a key driver for economic growth and development across all economies. It is the catalyst through which real transformation can be achieved due to its multiplier effects across many aspects of our lives. It is against this background that The Mkutano and Ministry of Energy and Mineral Development have convened the Inaugural Energy […]

Nairobi, Kenya: September 16, 2021 – Equity Bank Kenya Limited has received two International Standards Certifications – ISO 20000 and ISO 27001 on IT Service and Information Security Management Systems respectively, cementing its commitment to prioritising customer safety and satisfaction. The two certifications were issued by the British Standards Institution (BSI). • The two, ISO/IEC 20000-01:2018 and […]