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 […]
Solar vendors under their umbrella body the Uganda Solar Energy Association (USEA) have asked the government to set up the Uganda Solar Energy Investment Revolving Fund arguing that it’s the only way that will bring down the cost of solar equipment in Uganda. The Association Chairman Emmy Kimbowa said in Kampala during the launch of […]
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 […]
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. These two projects will be implemented by National Water and Sewerage Corporation and are in line with Uganda Vision 2040 […]
The government of Uganda has said that it has no intention to ban Sports Betting in the country. Finance Minister Matia Kasaija said in Kampala that their intention is to have the activity limited to only Ugandans. “We don’t intend to ban the Sports Betting activity but what we want is the activity to be […]
A total of 16 global export business agreements amounting to an estimated R338 million in export value has been secured by Cape companies in Quarter 3 of the 2018/19 financial year. Altogether, these export business agreements will assist in facilitating 203 new local jobs. This brings the total value of export business agreements signed to […]
The Rwanda Development Board (RDB) in 2018 registered 173 investment projects worth US$ 2.006 billion against a US$ 2 billion target, set for the year. This is an increase of US$ 331 million or approximately 20%, when compared to the investments registered by RDB in 2017. During 2017, US$ 1.675 billion worth of investments were […]
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. […]
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 […]
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 […]
NAIROBI – Libya Oil Kenya is planning to expand its presence by opening more dealer outlets next year. The firm, which has been going by the name OiLibya unveiled its visual identity on Wednesday under a new brand Ola Energy. The company says the rebranding and increase in outlets is part of its profitability plan. […]
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 […]