The Uganda Investment Authority (UIA) has predicted a significant decline in both foreign direct investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors, due to the economic crisis induced by the COVID-19 pandemic and shutdown. According to the “UIA Policy Paper on Boosting Investments during and post-COVID-19 Period” that was […]
Kenya has the most natural resources in East Africa and is the most explored country in the region CAPE TOWN, South Africa, June 4, 2020. African governments are advised to consider the long-term effects of COVID-19 on oil and gas projects. Africa Oil & Power and the Africa Energy Chamber hosted a webinar on Thursday […]
President Yoweri Museveni has told Ugandans to borrow from Uganda Development Bank (UDB) and invest in import substitution projects. The President said the government recapitalized UDB to the tune of one trillion Ugandan shillings, with more funding expected to come from the World Bank and International Monetary Fund. He emphasized that Ugandans should borrow from […]
The Kenya Railways is targeting to serve up to 230,000 passengers a day when the expansion project of the Nairobi Commuter Rail network is complete at the end of June. To achieve this, the Kenya Railways is engaged in the construction of Commuter Stations at Kikuyu, Embakasi Village, Pipeline, Donholm, Dandora, Kahawa, Ruiru, Athi River, […]
Air Transport is and survives by being the arteries of the world at large and particularly of tourism and international trade. It represents and thrives by being the wings that enable individuals, entities, private and community sectors to connect nationally, regionally, and globally and to reach their various objectives and higher altitudes of success. Airlines […]
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 […]