Umeme has commissioned another multi-billion project in Luuka District in its quest to boost the Government’s ambitious access agenda and rural electrification. The US$ 4,205,623 (about sh15.2b) project, which involved the construction of over a 500km distribution line, with 96 transformers, will benefit up to 1,000 households. The funding is part of the $100m (about […]
Kampala, September 30, 2021 — Glovo, one of the world’s leading multi-category delivery platforms, today announced the expansion of its operations in Africa, to include Ghana and a new entry to Tunisia, bringing its current operations to a total of seven countries on the continent. Following the expansion, an estimated 6.5 million more people will […]
Cairo, 7 October 2021: – The organisers of the Intra-African Trade Fair (IATF2021) met with the business community in Cairo, Egypt, on 5 October to raise awareness and encourage attendance to the second Intra-African Trade Fair (IATF2021). Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental Free Trade Area (AfCFTA) […]
Abidjan, 30 September 2021– The German government will contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 […]
Gulu. Power distributor, Umeme, has injected over sh17b in the past three years aimed at stabilizing and creating reliable power supply in Gulu City and the surrounding areas, a top official told stakeholders on Wednesday. “More than sh17b has been injected to improve reliability in Gulu City and the surrounding. I can feel the difference. […]
Iganga, 24 September 2021 – With support from the African Development Bank and other partners, the Ugandan government has launched the last-mile connectivity component under the Uganda Rural Electricity Access Project in Iganga in the eastern Luuka District. During the 14 September 2021 event, the Ministry of Energy and Mineral Development handed over electricity connection […]
Abidjan, 23 September 2021 – The Board of Directors of the African Development Fund on Wednesday approved a loan of around $116 million to the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country. The Bank’s loan represents 98.71% of the project cost; the government of Tanzania will provide […]
For two years, Sam Kajubi (not real name) has run a web design company that builds e-commerce platforms. But in the period of operation, not once has the business paid its taxes. The business has never been registered with Uganda Registration Services Bureau (URSB) and neither does its founder know where the process of paying […]
Kampala, Uganda, September 15, 2021 – Majid Al Futtaim – the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia – today announced it has concluded an agreement with Shoprite Checkers Uganda Limited (i.e. Shoprite Uganda). The terms of the agreement see the transfer of Shoprite’s six Uganda store […]
Leading multinational logistics company DP World is determined to transform Somaliland Port city of Berbera into a major maritime, industrial, and logistics hub in the Horn of Africa, especially for Ethiopian transit cargo. DP World who in partnership with the government of Somaliland opened a new container terminal at Berbera Port, with work underway to […]
Huawei plans to invest US$150 million in digital talent development over the next five years. This program is expected to benefit another 3 million youth. “Today we are announcing Huawei’s Seeds for the Future Program 2.0. As part of our commitment to continuously developing talent, we will invest US$150 million in this program over the […]
Conakry, Guinea July 2021 – Vista Bank Group (‘Vista’) has closed the deal to acquire BNP Paribas’ majority interest in La Banque Internationale pour le Commerce et l’Industrie de la Guinée (BICIGUI) in Guinea. The acquisition adds to Vista’s existing banking operations in Guinea, in addition to its banks in Burkina Faso, Sierra Leone and The Gambia. BICIGUI is […]
Development Kampala, June 14, 2021 – Total E&P Uganda, has signed Conditional Letters of Award for the main surface facilities Engineering, Procurement, Supply, Construction and Commissioning (EPSCC) as well as five (5) drilling packages for the Tilenga project located in Nwoya and Buliisa Districts. The letters are with respect to: 1. A Consortium comprising CB&I […]