The Somali business community in the region is looking to explore trade opportunities in Uganda at the first ever business summit between the two countries to be held in Kampala. Corporates and the business community from the region will be showcasing their products and services in the Ugandan capital between August 9-10 at the Uganda-Somalia […]
03th August 2022 – Kampala, Uganda. Uganda Development Bank (UDB), the country’s Development Finance Institution, has today launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the Bank’s Business Accelerator For Successful Entrepreneurship Program, conducted with basis to […]
The transaction will see KCB acquire 85% of the DRC-based lender. KCB Group Plc has entered into a definitive agreement with shareholders of TMB to acquire a majority stake in the Democratic Republic of Congo (DRC)-based lender. The transaction is expected to close by the end of the third quarter of 2022, subject to regulatory, […]
Nairobi, Kenya, July 25, 2022—IFC provided record financing in Africa in fiscal year 2022 helping to develop regional pharmaceutical manufacturing, increase intra-Africa trade, expand access to climate financing, and strengthen food security among many other pressing development needs. IFC made $9.4 billion in investments between July 1, 2021 and June 30, 2022 across 36 countries, […]
Alex Simalabwi, This week the Zambian Government launches its game-changing US$6billion Zambia Water Investment Programme during the African Union mid-year Summit in Lusaka. The Programme is part of the Continental Africa Water Investment Programme (AIP) that was adopted by African Union Heads of State and Government as part of the Programme for Infrastructure Development in […]
Paul Tentena, At least 2000 employees of Roko Construction Limited will become jobless if the company winds up its operations in Uganda due to inadequate capitalisation. The construction company that was established in Uganda in 1969, is in die need of capitalisation with hope that the Uganda government’s expected liquidity injection will ensure a five […]
Samuel Nabwiiso, The 13th General Assembly of the Inter University Council for East Africa (IUCEA) has elected new members of the IUCEA Governing Board, with Prof. Calixte Kabera the Vice Chancellor East African University Republic of Rwanda as the Chairperson, for two years (2022-2024). The Assembly, which is the highest policy making organ of IUCEA, […]
Ngozi Okonjo-Iweala, GENEVA – As a beautiful dawn crept over Lake Geneva on June 17, a remarkable thing happened at the World Trade Organization’s headquarters. After nearly six days of negotiations at the WTO’s 12th Ministerial Conference – culminating in a marathon 48 hours of non-stop talks – ministers and senior officials from the body’s […]
Lagos – 30 June 2022 – British International Investment (“BII”), the UK government’s Development Finance Institution (DFI), formerly known as CDC Group, introduced its new name and announced a US $20 million, 4-year structured credit investment in Moove – a mobility fintech democratising access to vehicle ownership in Africa. The investment reflects BII’s focus on mobilising […]
As the world becomes increasingly digital, so too do the job prospects in the tech industry. With advances in artificial intelligence, cloud computing, and other cutting-edge technologies, there is no shortage of opportunities for those with the right skillset. But why are tech jobs in such high demand? This article will explore the reasons behind […]
The UK’s DFI is entering into the Norwegian DFI’s Joint Venture with Scatec, a leading renewable energy solutions provider, to invest in hydropower projects across Africa in huge boost to continent’s renewable energy. The JV’s investments are expected to support the creation of 180,000 jobs, avoid at least 270,000 tCO2e of GHG emissions annually, and […]
Professor Oramah said that Africa also needed to develop sectors which had not been fully exploited, such as the creative and cultural industries (CCIs), as those were among the fastest growing in the world, generating US$ 2.25 trillion (3% of global GDP), and employing more than 30 million people, They have the power to boost […]
Cairo, Egypt – For the third year running, the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) have partnered with African Business magazine for the Africa CEO Trade Survey. The survey aims to provide the African private sector with a unified voice in informing trade policy at the continental and regional level. At the report launch of […]