Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. “On behalf of the Board, I am delighted to announce the appointment of Arrie as our Group CEO. I am confident that his leadership…
On March 30, Stanbic Bank donated Shs 70 Million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project, which fosters leadership skills by emphasizing empathy, clarity, knowledge and volunteerism, in their various professional backgrounds. “We live in…
A former Facebook employee in Kenya who was reportedly fired after questioning working conditions has threatened to sue the parent company Meta for wrongful termination of his contract. Daniel Motaung, a former content moderator for the social media platform, claims…
The Netherlands Embassy in Kampala partnered with the award-winning Ugandan fintech Emata to accelerate the availability of affordable digital loans to smallholder farmers in Uganda. The partnership includes a grant of up to $590,000 (UGX 2.1 billion) to fund loans…
A Rwandan scientist, Audace Nkeshimana, who graduated from Massachusetts Institute of Technology (MIT), an elite US-based university, is looking to make radiology services remotely accessible to Rwandans by using Artificial Intelligence (AI). Nkeshimana says he looks to “democratize” the medical…
The Uganda Investment Authority (UIA) awarded CNOOC Uganda Limited the FID (Final Investment Decision) Appreciation Award for the Lake Albert development project. President Yoweri Museveni, at this landmark ceremony, said that the revenues accrued from the oil will be critical in strengthening the…
Experts in the technology sector have asked local enterprises to opt for advanced systems to match the demands of the evolving business environment. Farouk Semambya, an Information Technology (IT) Architect at MTN Uganda says cloud computing technologies allows enterprises to…
The former Chief Executive Officer of Uganda National Airlines Company Limited (UNACL), Cornwell Muleya has written to the airline Chairman Board of Directors and Permanent Secretary Ministry of Works threatening to sue them over what he calls unlawful suspension and…
The Uganda Electricity Transmission Company Ltd (UETCL) chairman Board of Directors, Mr Peter Ucanda, has resigned from his job citing what he called negative media reports that have soiled his hard-earned reputation and that of the company. In a March…
Britania has been accused in court of cooking books ahead of selling the confectionery producer to private equity firm Catalyst for KSh1.2 billion (UShs37.5bn), inflating the buyout price nearly ten times. Catalyst says the alleged deception has cost it nearly…
NWSC is seeking an additional Euro 45 million to complete the establishment of water distribution lines connecting to the water reservoirs of the Katosi water project. The government constructed the Katosi water project in Mukono district worth Euro 81.9 million…
Disney has tapped top toon talents from across the African continent for “Kizazi Moto: Generation Fire,” a Disney Plus Original anthology of animated films set to premiere on the Mouse House’s streaming platform in late 2022. Inspired by the continent’s diverse histories…
The Uganda Tourism Board (UTB) in partnership with Private Sector Foundation Uganda (PSFU), Uganda Tourism Association (UTA), Mastercard Foundation and Adventure Vacation Safaris are hosting a domestic tourism promotion tour at Murchison Falls in a bid to promote domestic tourism,…
As pressure is mounting for countries to reduce carbon dioxide emissions, the government of Uganda has partnered with an investor to build a carbon-neutral refinery to meet the energy needs of the East African region. Most of the natural gas…
The Luxembourg Stock Exchange (LuxSE) and Rwanda Stock Exchange (RSE) have signed a long term Memorandum of Understanding (MoU) between the two institutions to improve cooperation. The event was held during a special Ring the Bell ceremony held in Luxembourg,…