Cairo, Egypt – For the third year running, the Pan-African Private Sector Trade and Investment Committee (PAFTRAC) have partnered with African Business magazine for the Africa CEO Trade Survey. The survey aims to provide the African private sector with a unified voice in informing trade policy at the continental and regional level. At the report launch of […]
Nairobi: 16 June 2022 – Pan-Africa housing development financier, Shelter Afrique has received USD7.15 million in additional capital subscription from the Federal Government of Nigeria. · Additional capital subscription places Nigeria just one-percentage point behind top shareholder, Kenya. · The Company also received additional capital subscriptions from Swaziland (USD317,854.54) and Burkina Faso (USD34,610.00). The Additional stake now takes Nigeria’s […]
In recent years, it has become the norm for the finance ministry to come up with a breathless theme to pivot the annual budget presentation. This year was no exception. The government is proposing to spend UGX48.1 trillion ($12.8 billion) for financial year 2022/23 under the theme, ‘Full Monetisation of Uganda’s Economy through Commercial Agriculture, […]
Kampala, June 8, 2022 – TotalEnergies EP Uganda has today launched the Tilenga Biodiversity Program, an initiative aimed at protecting and conserving biodiversity in and around the Tilenga project area. The Biodiversity Action Plan is hinged on four key pillars. • Reducing human pressures and strengthening the ecological resilience of the Murchison Falls protected area […]
dfcu Bank has called upon their Pinnacle account holders to take advantage of Africa’s borderless economy and the opportunities therein if they are to rebuild and expand their businesses in the aftermath of the Covid-19 pandemic. These remarks were made by the dfcu Bank CEO Mathias Katamba at the first post-Covid physical networking and interacting […]
President Yoweri Museveni was at pains to defend the stewardship of the Ugandan economy in light of a public outcry over rising prices for household essentials and a controversial contract to channel nearly half of the country’s annual coffee production through a Dubai-based private company to process and market abroad as branded products. He once […]
Tuesday 7 June 2022 will see the inaugural publication of Standard Bank’s Africa Trade Barometer. The barometer is expected to become Africa’s leading trade index. Present in 20 African markets and supporting trade activities in many more, Standard Bank enjoys a uniquely privileged view of Africa, “especially its rapidly emerging enterprises heavily focused on domestic, […]
Kampala 6th June 2022. Electricity distributor Umeme Limited has recruited 100 new technicians and 19 Graduate Trainees drawn from different Universities and Colleges across the Country. The recruitment is in addition to the 588 contractor technicians brought on board by the company in March 2022. This brings the total head count of Umeme to 2137 […]
Sharm El Sheikh, Egypt – 2 June 2022 – Member countries cooperate to advance trade among themselves by signing agreements to support the private sector and foster overseas businesses. The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of IsDB Group and Afriland First Bank, joined hands to support […]
Kampala, 31st May 2022: Airtel Mobile Commerce Limited, the provider of affordable and secure financial services in Uganda has today announced the addition of the Merchant Till Number for small businesses feature on Airtel Money. Corner shops, Bodas, market vendors can now separate their personal money from their business money using their existing SIM Cards. […]
Nairobi, 31 May 2022 – African Development Bank Group chief Dr. Akinwumi Adesina, will call on President Uhuru Kenyatta today at the start of a four-day official visit to Kenya. Dr. Adesina, who arrived in Nairobi this morning, will also meet other senior government officials including Cabinet Secretary, National Treasury and Planning, Ambassador Ukur Yatani […]
KABALE 30th May 2022: Hon. Dr. Ruth Nankabirwa Ssentamu has urged the house of bishops of the Church of Uganda to support the development of Uganda’s oil and gas sector, given the significant positive impact it is having, and will continue to have on Uganda. She made this call during a meeting with the House […]
The world’s largest insurance broker, Marsh McLennan, has broken ranks and agreed to arrange cover for the proposed East African Crude Oil Pipeline (EACOP) which will ferry the commodity from Uganda’s western oilfields to the Tanzanian port of Tanga. However, in light of the opposition to development of new carbon projects amidst mounting concerns about […]