Markets

Uganda, Kampala: Uganda Revenue Authority (URA) has granted Dembe trading Enterprises, one of the oldest and leading distribution houses in East Africa, the prestigious Authorized Economic Operator (AEO) license in recognition of its continued compliance with the various customs rules, processes and standards. This was during the Authorized Economic Operator Awards Conference held at Speke […]

A report by the Africa Development Bank (ADB) now says East African economies are expected to grow by four percent in this year. The African Development Bank forecasts the region’s GDP at four per cent this year, before recovering to 4.7 per cent in 2023, helped by the reopening of the economies after the Covid-19 […]

A two-day Workshop on Strengthening Cooperation and Coordination between the African Union (AU), Regional Economic Communities (RECs), Regional Mechanisms (RM) and Civil Society Organizations (CSOs) was held last week in Cotonou within the framework of the European Union Support to APSA IV Programme. The Permanent Representation of ECOWAS to the AU organized the important Workshop […]

Somalia is laying the foundation for standardizing quality assurance for public safety and economic growth Deputy Prime Minister Salah Ahmed Jama opened the inaugural Quality Infrastructure Conference in Mogadishu on Monday. He emphasized the importance of product safety for public health and the environment and urged the heads of the agency to expand their capabilities to […]

Kampala, 14th October 2022: KCB Bank has today marked its 15th anniversary since its establishment in Uganda. During the celebration, the bank revealed that it will close the year with Ushs. 1 Trillion balance sheet. Incepted in 2007, KCB Bank Uganda has for the last 15 years offered financial services via traditional and online banking […]

Kampala – Uganda, October 5, 2022: The headline Stanbic Purchasing Managers’ Index posted 51.6 in September, up from 50.5 in August and the highest in five months as business conditions improved for the second successive month, although the latest reading was still below the series average of 52.5. Released on September 5, the report contains […]

Kampala – Uganda, October 5, 2022: The headline Stanbic Purchasing Managers’ Index posted 51.6 in September, up from 50.5 in August and the highest in five months as business conditions improved for the second successive month, although the latest reading was still below the series average of 52.5. Released on September 5, the report contains […]

Women whose businesses were destroyed in the Waheen Market in the Somaliland capital Hargeisa on April 1 are slowly picking up as construction of the expansive market continues. Property worth US Dollars 2 million and some 12,000 jobs were believed to have been lost, according to the Joint Report of the Effects of the Waheen Market Fire […]

KCB Bank Kenya has injected over KShs. 120 billion to support Oil Marketing Companies (OMCs) importing fuel as it seeks to consolidate its support to the energy sector.  The Bank has been facilitating oil importation into the country by financing the oil firms under its portfolio that have won business under the Open Tender System […]

Kampala – Uganda, September 5, 2022: The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. Key findings Output and new orders return to growth Purchasing rises, but employment […]

Bridgetown, Barbados, 03 Sept. 2022: The AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) successfully concluded in Bridgetown, Barbados, with a commitment by participants to remove the scars of the past and build a commercial bridge towards forging a prosperous future for Africa and the Caribbean. In the communique presented at the end of the Forum, the […]