Uganda has secured €85 million (approximately UGX 340 billion) in development aid from France to significantly improve both water infrastructure and broader urban development in the Greater Kampala Metropolitan Area (GKMA), Finance…
The Deputy Speaker of Parliament, Rt. Hon. Thomas Tayebwa has called upon investors and entrepreneurs in Uganda to stop treating insolvency with stigma, saying that this can only be achieved if they…
As the Easter season approaches, Flexipay by Stanbic Bank has announced a new promotional campaign offering users the chance to win UGX 500,000 when they receive money from relatives abroad. From April…
The United Nations Economic Commission for Africa (ECA) Executive Secretary, Mr. Claver Gatete, has emphasized that aid is no longer a viable solution for Africa’s development. Instead, he says the continent needs…
AFC’s earnings growth was driven by improved asset yields, prudent cost-of-funds management and sustained traction in advisory mandates Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced its strongest…
African countries must invest in new and revamp old refineries to secure their energy future, according to Gloria Sebikari, Head of Corporate Affairs at the Uganda Petroleum Authority (PAU). This call to…
In a groundbreaking move to transform the business landscape across Africa, the Afriexim Bank (Africa Export-Import Bank) is poised to unveil the first-ever African Trade Centre (AATC) in Abuja, Nigeria. This state-of-the-art…
The Uganda Electricity Distribution Company Limited’s (UEDCL) recent 14% reduction in power tariffs has been welcomed throughout the country’s manufacturing sector. Manufacturers welcome the move by the entity under Paul Mwesigwa’s stewardship,…
Returning to a previously held role where he provided pro bono advice to the Bank, Rt. Hon. Mitchell is passionate about Africa’s development and has extensive knowledge and experience in managing the…
The 11th Session of the Africa Regional Forum on Sustainable Development (ARFSD-11) concluded at the Speke Resort Convention Centre in Munyonyo, Kampala, bringing together a powerful coalition of African leaders, policymakers, and…
The African Union Commission, United Nations Economic Commission for Africa, and the African Development Bank are hosting the 6th Africa Climate Talks in Kampala, Uganda, on April 7-8, 2025. This critical event…
African Development Bank Group and Nigeria Kick Off $538 million agro-industrial project across eight states Nigeria’s food and agriculture sector is set to enter a new era of industrialization, as the Nigerian…
The Uganda Manufacturers Association (UMA) has a new champion at the helm, with renowned businessman Aga Sekalala Jr. taking over as Chairman of the Board. Sekalala’s appointment is set to transform the…
In a significant move to promote financial inclusion and drive Uganda towards a cashless economy, Housing Finance Bank (HFB) has partnered with Pesapal Uganda. This groundbreaking partnership aims to improve payment solutions,…
The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector The African Development Bank and the Bank of Africa Tanzania (BOAT) have signed a $7.5…