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Stanbic Uganda’s PMI points to consistent economic growth

KAMPALA, Uganda–Stanbic Bank’s Purchase Managers Index (PMI) posted 51.1 in February down from 52.0 in January, signaling a moderate improvement in business conditions in the private sector, marking the thirteenth consecutive month of strengthening operating conditions since the survey was launched in June 2017.    Commenting on February’s survey finding, Jibran Qureshi, Regional Economist East […]

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Uganda signs agreement for the development of the Oil Refinery

KAMPALA, The Uganda Government has, through the Ministry of Energy and Mineral Development together with the Uganda National Oil Company, today entered into the Project Framework Agreement (PFA) the with Albertine Graben Refinery Consortium(AGRC) for the development of the oil refinery. Government of Uganda selected the Albertine Graben Refinery Consortium to negotiate the Project Framework […]

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Applications sought for African innovators

  KIGALI, RWANDA- The Africa Innovation Summit (AIS II), which will take place from 6-8 June 2018 in Kigali, Rwanda, under the esteemed patronage of His Excellences President Paul Kagame and Pedro Pires (ex-President of Cabo Verde), announced a call for applications to innovators across Africa whose solutions have the potential to solve the continent's […]