Ethiopia stands to lose close to USD 1 Billion should the country move ahead and halt its new development and partnership with Somaliland over the Port of Berbera. There have been unconfirmed reports in the Ethiopian and Somaliland media that the Horn of Africa nation is considering developing a port in Sudan that will be […]
This year’s review meeting of the Presidential Investors’ Roundtable (PIRT) kicked off Tuesday this week, with both government officials and investors agreeing on the need to dialogue in order to have a win-win investment climate. The annual three-day review meeting at State House Entebbe is aimed at driving government ministries, departments and agencies to improve […]
Procter &Gamble (P & G) President for Asia Pacific Middle East and Africa (AMA), Suranjan Magesvaran was in Kampala last week to meet with Ugandan leaders on a mission to re-affirm their investments. Magesvaran met with Uganda’s Minister for the Presidency Esther Mbayo at the State house as a sign of showing his company’s commitment […]
AZA, Africa’s biggest non-bank currency broker, has rolled out its recently upgraded payment platform BFX to Uganda. BFX is a B2B payment platform that leverages AZA’s hybrid infrastructure and empowers companies to use African currencies with less risk, cost and friction than ever before. The launch comes within three months of the Bank of Uganda […]
Somaliland is asking Pakistan to extend its “Look Africa Policy Initiative to the Horn of Africa. A delegation from Somaliland led by the Minister of Energy and Minerals Jama Mohamoud Egal and the country’s envoy to Kenya Amb Bashe Omar engaged with a host of high profile representatives from Pakistan during the inaugural Pakistan-Africa Trade […]
The Government of Uganda has taken a bold step through the Ministry of Water and Environment to cancel all titles that were issued in wetlands after the year 1995. While addressing journalists at Uganda Media centre, the Minister of Water and Environment, Sam Cheptoris said; “The Government of Uganda has taken a bold step to […]
The UK government is expected to decide on whether to allow the technology giant Huawei to participate in the rollout of its 5G networks. British officials will reportedly greenlight the use of Huawei equipment in such networks. The US has ramped up pressure on the UK government to exclude Huawei from the country’s 5G network […]
Knight Frank Uganda has released a new market update which covers the performance of the Residential, Office, Retail, Industrial and Valuation sectors during the second half of 2019. Latest statistics from Uganda Bureau of Statistics (UBOS) reveal that there has been a noticeable improvement in Uganda’s economy over the past 12 months evidenced by a […]
Olam Uganda Limited who procures, processes and exports Cotton, Cocoa, Sesame and Coffee were yesterday announced the top exporters of 2019, beating 2018 Winners UGACOF Limited to the 25th President’s Exports Award. Olam, who also imports and distributes Sugar and Edible Oils, took the Platinum Award which is the Top Award given out by the […]
Uganda’s Minister for Trade, Industry and Cooperatives Amelia Kyambadde has asked exporters to join hands with the government as it fights a big Non-Tariff Barrier called Corruption. Kyambadde, who was officiating at the 4th Annual Exporters Conference at the Skyz Protea Hotel Naguru in Kampala said without fighting corruption, the environment in which exporters operate […]
Uganda’s Minister for Trade, Industry and Cooperatives Amelia Kyambadde has said that the country’s growing population, coupled with a vibrant economy will support Majid Al Futtaim’s commitment to Uganda. “Uganda’s economy has been growing on a positive note at 6% of GDP, the entry of a global retail brand like Carrefour goes a long way […]
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity […]
Somaliland has started an ambitious campaign to build its road infrastructure with the ground breaking for the construction of a new road linking the towns of Wadaama-goo and Buhodle. The road, that has been named the “Peace Highway” will connect three major regions of the eastern part of the country and will be used by […]