KAMPALA, Uganda–aYo Uganda has hit one million customers in less than 2 years of existence in Uganda. With a joint venture between MTN and MMI Holdings, aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent. While addressing the media at kati- kati Restaurant, the Chief Executive Officer aYo […]
BY SAMSON OKWAKOL Kampala, Uganda–Airtel Uganda has launched a partnership with Kwesé iflix a mobile platform offering cutting edge programming, live sports, video on demand and download to watch later entertainment to deliver mobile TV services in Uganda. This partnership comes just a few weeks after Airtel Uganda announced countrywide 3G broadband connectivity in a […]
BY gov rw KIGALI, Rwanda–Government will increase spending by FRW 328.2 billion from FRW 2,115.3 billion compared to the 2017/18 revised budget FRW 2,443.5 billion in the 2018/19 fiscal year, the Minister of Finance and Economic Planning has said. Presenting the 2018-19 National budget to the joint parliamentary session, Dr. Uzziel Ndagijimana, the Minister of Finance […]
BY DR. PHILIP I. MPANGO MINISTER FOR FINANCE AND PLANNING, INTRODUCTION Honourable Speaker, I beg to move that this Esteemed Parliament resolves to receive, debate and approve the Government’s Revenue and Expenditure Estimates for the year 2018/19. This budget is presented in line with Article 137 of the Constitution of the United Republic of Tanzania […]
BY HENRY ROTICH Theme: Creating Jobs, Transforming Lives and Sharing Prosperity I Introduction Mr Speaker, it is my honour to present to this august House the FY 2018/19 Budget Statement. I make this Statement in fulfilment of the requirements of Section 40 of the Public Finance Management Act, 2012 and the Standing Order Number […]
Click link below to read/download Budget Speech Report 2018 mail (1)
BY EABW REPORTER NAIROBI, Kenya–Liquid Telecom has announced the availability of Microsoft Azure Stack – an extension of an ever-expanding set of cloud services to consistently develop and run hybrid cloud applications – to select African markets. Leveraging its pan-African fibre network and data centre capabilities, Liquid Telecom will be able to directly offer Azure […]
Source: By GABRIEL J.X. DANCE, NICHOLAS CONFESSORE and MICHAEL LaFORGIA As Facebook sought to become the world’s dominant social media service, it struck agreements allowing phone and other device makers access to vast amounts of its users’ personal information. Facebook has reached data-sharing partnerships with at least 60 device makers — including Apple, Amazon, BlackBerry, […]
KAMPALA, Uganda–The Uganda Shilling was broadly stable at the 3755/3775 levels against the U.S dollar throughout Wednesday’s trading session amidst an unforeseen uptick in demand for local currency in the money market arena. Overnight interbank rates printed weighted average rates of 13.5 per cent from 7.5 per cent the previous day. On the last trading […]
BY CBA KAMPALA, Uganda–The Uganda Shilling remained on the back foot, devaluing further against its U.S dollar counterpart on Friday as greenback demand from importers and the energy sector persisted. The USDUGX pair traded within the 3732/3755 band from 3730/3750 levels earlier. This week, market charter alludes to a vulnerable local currency as dreary activity […]
BY CBAU KAMPALA, Uganda–The Uganda Shilling sustained deeper wounds in yesterdays’ trading session amidst unrelenting greenback demand from the energy and manufacturing sectors alongside muted dollar supply. The USDUGX pair maintained its bullish trend, ascending to the 3730/3750 levels from 3725/3745 previously. Ahead of the weekend, a range-bound trading session at the 3725/3755 levels is […]
BY CBA KAMPALA, Uganda–The Uganda Shilling continued its losing streak against the U.S dollar amidst sustained greenback demand from commercial banks and the energy sector at last week’s close. In what was an active day on the FX counters, the USDUGX pair found comfort at the 3710/3730 levels from 3707/3707 levels previously. Emergent foreign currency […]
BY PAUL TENTENA KAMPALA, UGANDA- Four people have stepped aside from the Umeme Ltd Board of Directorship role to pave way for new faces on the power suppliers’ board. During the Umeme Shareholders Annual General Meeting held in Kampala, Adrian Mucalov, Christopher Nicholson, David Grylis and Charles Chapman all stepped aside to have the inclusion […]