The medical inflation post-pandemic has clearly led us all to understand the importance of having financial coverage against unprecedented medical emergencies. Wherever in the world you and your loved ones might be, unforeseen ailments can seek paths into your life without raising an alarm! Even among the family members, you must’ve realised that one person’s […]
5th January 2023 – Kampala: Global Credit Rating Co ltd (GCR) has assigned Uganda Development Bank Limited (‘UDB’) national scale issuer private ratings of AA+(UG)/A1+(UG) in the long and short term respectively, a notch below the highest possible rating with the outlook accorded as Stable. At the same time, GCR has also assigned UDB an international […]
As part of its long-standing tradition, Coca-Cola has today launched its Iconic Christmas caravan campaign known to spread cheer during the festive season. The Christmas caravans were officially flagged off this evening from Akamwesi shopping mall, Kyebando and are expected to run till Christmas day. The caravans will now travel to different towns across the […]
Cairo, 19 December 2022: African Export-Import Bank (Afreximbank) on 15 December 2022 in Cairo operationally launched the Afreximbank TRADAR Club, a prestigious member-driven network aimed at empowering international businesses and executives to transform trade and investments in Africa through trusted trade intelligence and advisory services. According to Afreximbank, TRADAR Club will deliver innovative digital tools and networking […]
Kampala- 17th November 2022: Airtel Uganda, the Smartphone Network with the highest 4G coverage in Uganda has today unveiled the last set of winners in the UG Needs More of You Campaign. The first set of winners was announced last month at their head office in Kampala. Agro Supply Limited garners 4635 votes to win […]
China Telecom has launched its IP transit service CTGNET in several new African cities including Cape Town, Durban, Johannesburg, Nairobi, Mombasa and Djibouti. CTGNET joins Chinanet AS4134 and CN2 AS4809 on China Telecom’s list of IP transit services. It will carry traffic that serves the requirements of China Telecom’s global internet client base and has […]
The International Monetary Fund has praised the Somali Government for the progress made in the process of financial reform and debt relief. This came after IMF released an evaluation report on the ECF (Extended Credit Facility) program for Somalia’s financial reform and debt forgiveness process. IMF said that the Federal Government of Somalia has exceeded […]
Ethiopia Real Estate and Home Expo, an annual gathering of the leading local and international home developers showcasing the latest offers and solutions is set to be held on the 17th and 18th of December 2022. The fifth Ethiopia Real Estate and Home expo comes at a time when the demand for residential houses in […]
KAMPALA, UGANDA – 1 December 2022: Approximately 50 women entrepreneurs, who qualified for the Business Accelerator Program launched in August this year, participated in the first ever Business Accelerator Program (BAP) Peer Visit which was held at The Consortium for enhancing University Responsiveness to Agribusiness Development Ltd (CURAD) and Uganda Industrial Research Institute (UIRI). The […]
KAMPALA, UGANDA – 30 November 2022: dfcu Bank has partnered with CR2, a global-leading banking software company to upgrade its ATM, Card and Payments Management Platform. The partnership between dfcu and CR2 will build the Bank’s technological capability and will start by enhancing the customer experience across cards, ATMs, and payments. Speaking at the signing […]
Ethiopia’s Ministry of Industry announced that three Integrated Agro Industrial Parks (IAIPs), Bure, Bulbula, and Yirgalem, will be open to investors. Bure IAIP, which is situated in Amhara Regional State and built at a cost of USDollars 148 million (8 billion Birr), has already attracted the interest of 103 investors. An investment forum was organized […]
Leading regional telecommunication company Safaricom has onboarded more than million customers since its entry into the Ethiopian market since its launch last May. The last three months have seen a marked rise in the numbers of customers onboarding Safaricom with the numbers going up by 300,000 in the last one month. By September 30, Safaricom […]
Ethiopia’s Awash International Bank (AIB) plans to raise US Dollars 796 million in equity, as they get ready for foreign competition following the liberalization of the banking industry in less than a year, The bank is proposing a decision to increase the bank’s paid-up capital to USD One billion. It is almost a fivefold increase […]