By Ali Ssekatawa, The assertion that Uganda got a bad deal from the oil and gas projects and will only earn $5 per barrel is not only factually wrong but does not make logical sense. Mr. Hussein Lumumba Amin ignorantly mixes up the economics of the upstream with the midstream. To understand the Government’s expected […]
Eric Xu, Huawei’s Rotating Chairman said Huawei is optimizing its portfolio to boost business resilience to cope with the uncertainty brought by geopolitical tension, the resurgence of COVID-19, and US bans. Eric Xu made the statement when delivered a keynote speech at the company’s 18th Global Analyst Summit. More than 400 people, including industry and […]
Kigali, 14 April 2021: The Pan-African Farmers Organization (PAFO) and the Alliance for a Green Revolution in Africa (AGRA) have signed a cooperation and partnership agreement to strengthen the capacities of African farmers’ organizations to ensure that they provide effective services to smallholder farmers, especially women and youth. The agreement will see AGRA supporting Farmers’ […]
KAMPALA: 13th April 2021 – The recent conclusion of key oil and gas agreements has opened up opportunities for the participation of Ugandans. Speaking at a press conference, Dr. Kitutu Kimono Mary Goretti (MP), the Minister of Energy and Mineral Development (MEMD) highlighted specific areas that are now a reality for Ugandans who would like […]
Partners of the Lake Albert development project concluded the final agreements required to launch this major project. Present during the signing ceremony held yesterday in Entebbe, was, Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of Total, as well as […]
As the month of March which celebrates women winds up, Nellie Mwandha, the Head of Customer Value Management (CVM) at MultiChoice Uganda (MCU) has challenged women to leverage their unique natural skillsets to succeed in their places of work. This was during a Raxio Data Hour Interview. At the Pay TV giant MCU, Nellie oversees […]
Kampala, Uganda; Wednesday, 31st March 2021: Stanbic Uganda Holdings Limited (SUHL) to which Stanbic Bank Uganda Limited (SBU) is a subsidiary, published its 2020 full-year results, with profit after tax of UGX 242 Billion. Andrew Mashanda, Chief Executive of Stanbic Uganda Holdings Ltd said, “2020 was quite a challenging year given the impact of the […]
Kampala, 30th March 2021– Sanlam Uganda, one of the leading insurance providers in Uganda has today announced that it is rebooting its business to become a purpose-led organization, focused on giving millions of Africans the chance to live with financial confidence. In the next two to three years, the continent’s largest non-banking finance group plans […]
Abidjan, Côte d’Ivoire, 29 March 2021 – The African Development Bank’s Fashionomics Africa initiative has named a women-led Kenya shoe design house as the winner of its competition to support producers of sustainable fashion. Pine Kazi, which converts pineapple leaf and recycled rubber into fashionable footwear, won the $2,000 Fashionomics Africa competition cash prize. In addition, the business […]
Excerpts by Arjun Mallik, Managing Director Prudential East Africa. Historically the extended family is consulted to solve problems and unfortunately, that network is not as reliable as a result of COVID. As a result, organisations should provide support for employees as a routine aspect of their operations – if staff are cared for, the wider […]
The new Africa Centre of Excellence for Sustainable Cooling and Cold Chain (ACES) has taken a major step forward in Rwanda with a $3.5 (£2.4 million) million funding boost. The UK Government’s Department for Environment, Food & Rural Affairs (DEFRA) earmarked this contribution for the Centre’s design and technology kit-out, supporting the work of British universities (Birmingham, […]
Abidjan, 23 March 2021 – The Government of Canada and the African Development Bank have signed an agreement formalizing the Canada–African Development Bank Climate Fund (CACF), a transformative special fund aimed at providing concessional loans to climate change-related projects with a strong gender-responsive component. The fund will be capitalized through a combination of CAD 122.9 million ($104.8 […]
Ramla is a seasoned Banker with significant industry-wide experience in corporate and SME business development, having worked in financial services for over 13 years. She also has vast experience in strategy formulation and implementation, relationship management, credit risk management and structured financing, among others. She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was […]