Raxio Data Centre Ltd is building and will subsequently operate Uganda’s first enterprise-grade, Tier 3 carrier neutral Data Centre facility. This facility, when it opens in mid-2019, will be the first of its kind in Uganda, operating as a carrier-neutral facility, and meeting the international Tier III standards. According to James Byaruhanga, the Raxio General […]
Tanzania Tourist Board (TTB) will kick-start the positioning and marketing of Tanzania as Business and Meetings, Incentives, Conference and Exhibition/Events (MICE) Tourism destination starting this month. The entity has collaborated with Africa Tourism Partners (ATP) to up-skill travel and tourism professionals in Tanzania running a business and MICE Tourism. Prospective participants include professionals, executives and […]
A grim picture has recently been presented in a survey by the Kenya National Bureau of Statistics (KNBS); that of a whopping seven million Kenyans currently unemployed with only 1.4 million desperately looking for work. The dire times have resulted in the other 5.6 million giving up on job hunting altogether. In a country where […]
Despite being only a decade old as an industry, impact investing globally has shown impressive growth and obtained mainstream acceptance. However, there are some credibility concerns, particularly in Africa, that can be addressed with clear industry guidelines. This could help to accelerate the allocation of investors’ capital into impact investments. Essentially, impact investing is where […]
Uganda’s government has made great strides in connecting homesteads and increasing access to electricity and power across the country. However, despite the efforts, over 30 million Ugandans still go to sleep every night without power. According to the Power Africa Energy 2018 report, Uganda’s current overall access rate is at 22%; with rural access at […]
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according to ICAEW’s (the Institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q3 2018 launched today, the accountancy body provides GDP growth forecasts for various regions including East Africa which is forecast […]
RAWBANK, the only Congolese bank to have been selected as a founding member of the China Africa cooperation, has assumed its leading role in the Congolese banking sector alongside international and African banks. This agreement marks the official establishment of the first China-Africa financial cooperation multilateral mechanism. Based on the presentation by H.E Xi Jinping, […]
Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2nd edition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The initiative held under the theme, “Your Project, Our Expertise, For a Sustainable Future”, […]
DAR ES SALAAM, Tanzania– Tigo Tanzania’s mobile financial services business, Tigo Pesa has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions. Tigo Pesa is amongst the first mobile financial services providers around the globe to be certified […]
DAR ES SALAAM, TANZANIA – Tanzania has been advised to make sure it builds its capacity on research in order to find out both the ‘positive and negatives’ of whether or not GM crops could be relevant for the country. Speaking to East African Business Week in Dar es Salaam last week, Dr. Asifa Nanyaro […]
DAR ES SALAAM, Tanzania – The government has been advised to play its part by creating conducive environment so as to enable local researchers to do their job on the merit and shortcoming of biotech crops. The adoption of biotech crops has been a contentious debate in Tanzania. Scientists say the technology has no health […]
DAR ES SALAAM, Tanzania – Marriott International, Inc. and South Africa’s Protea Hospitality Holdings last week announced a tentative deal in which the US-based chain is to buy Protea’s three brands and management company. The deal is expected to be closed by April 1, 2014. According to a statement availed to East African Business […]
DAR ES SALAAM, Tanzania – The Netherland-based, Rebel Group, recently won the $1 million advisory contract for managing the day-to-day operations of the proposed Dar es Salaam Rapid Transit (DART). Operations are expected to take off at the end of this year. “It is our honour to be part of this project in Tanzania, works […]