Electricity distributor Umeme Ltd has set aside US$70million (Ush230billion) to upgrade its infrastructure network this year despite having just six years to the end of their current concession.
Industry Investment Resources

Umeme sets aside US$70 million for network upgrade despite contract uncertainty

Electricity distributor Umeme Ltd has set aside US$70million (Ush230billion) to upgrade its infrastructure network this year despite having just six years to the end of their current concession. The company, in 2005, was given a 20 years concession to maintain, manage and distribute power in Uganda, which concession is due to end in 2025, six […]

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo.
Africa Industry Investment

Taxify re-brands to ‘Bolt’

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo. The update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing, with cars and motorbikes, to scooter sharing. Speaking on why the company chose to make the […]

Enwealth Board Chairman Mr Nelson Kuria, Martin A. Nsubuga, CEO URBRA, Enwealth Uganda Board Chair Ms Maggie Kaddu join Enwealth CEO, Simon Wafubwa and Richard Byarugaba NSSF MD at the unveiling of Enwealth Uganda
Industry Investment Opportunities

Enwealth makes entry into Uganda’s pension industry

KAMPALA – Pension administrator, Enwealth Financial Services, has expanded its operations to Uganda after being licensed by Uganda Retirement Benefits Regulatory Authority (UBRA). Enwealth, a financial services provider offering pension retirement training and consultancy services was founded in Kenya in 2011, and currently manages pension assets worth over USh2 trillion and servicing over 120 clients. Over […]

Two financing agreements have been signed between the Government of Uganda and the Agence Française de Développement - AFD to support access to water and sanitation in the Greater Kampala and in South Western Uganda.
Industry Investment Social

French Government gives Uganda $300million to fund Greater Kampala water

Two financing agreements have been signed between the Government of Uganda and the Agence Française de Développement – AFD to support access to water and sanitation in the Greater Kampala and in South Western Uganda. These two projects will be implemented by National Water and Sewerage Corporation and are in line with Uganda Vision 2040 […]

L-R: Heads of Communities of Olomowewe, Chief Shefiu Aguda; Idasho Community, Chief Alisan latifu; Imobido Community, Chief Jegede Lateef; Group Executive Director, Dangote Industries Limited, Devakumar Edwin; Aro of Lekki, Chief Adewale Salami; and Baale of Tiye Community, Chief Kayode Mujitafa, during the stakeholder parley between representatives of Lekki Free Trade Zone host communities and Dangote Oil Refining Company in Lagos
Africa Industry Investment Jobs & career Social

Host communities commend Dangote Refinery’s CSR initiatives

LAGOS – Impressed with the provision of communal infrastructures for their communities by Dangote Oil Refining Company (DORC) as part of its Corporate Social Responsibility service, traditional rulers and community leaders from host communities in Ibeju-Lekki Free Trade Zone area of Lagos have expressed appreciation at the timely intervention of the company to their needs. […]

Somaliland Foreign affairs and international cooperation minister Yasin Mohammed Hiir has said his country is interested in opening its doors on foreign investors
EAC Industry Investment Opportunities

Somaliland minister woos Kenyan investors

NAIROBI – Somaliand has invited Kenyan investors to venture into the Horn of Africa nation and invest. Somaliland Foreign affairs and international cooperation minister Yasin Mohammed Hiir has said his country is interested in opening its doors on foreign investors keen in not only trading with Somaliand but also creating opportunities for the growing youthful […]

The various projects that the private sector can invest in are in road transport, rail and oil
Africa Industry Investment

Private Sector urged to invest in Africa’s Transboundary Infrastructure Projects

NAIROBI – A senior adviser on regional integration and trade at the United Nations Economic Commission for Africa (ECA), Adeyinka Adeyemi, has assured private sector investors that dependable mechanisms have been established to facilitate and safeguard investment in transboundary projects across Africa. “I am pleased to inform you that we now have the PIDA Model […]

The winners of the I AM 2.O sexual reproductive health solutions contest in Naiorbi parade with their certificates.
EAC Industry Investment

Women-run sexual reproductive health initiatives win big

NAIROBI – Three Kenyan women-run enterprises providing sexual reproductive health solutions have emerged winners of a Global Fund for Women contest to build their innovative solutions in a contest held in Nairobi. Inteco Kenya ARI, Silmak Agencies and Mums Village each won of a US$ 10,000. The competition organized through a partnership by United Nations Population Fund (UNFPA) who […]