UK Removes Tariffs for Kenya’s Cut Flowers
The UK has removed export tariffs for cut flowers for two years, with the aim of making trade with the UK easier and cheaper for growers in East Africa and beyond. The suspension of 8 per cent duty for cut…
Royal Institution of Chartered Surveyors: Judy Kyanda appointed New Specialist Advisor Africa
Royal Institution of Chartered Surveyors (RICS), a leading professional body working in the public interest to advance knowledge, uphold standards, and inspire current and future professionals has announced the appointment of Judy Rugasira Kyanda, as their new Specialist Advisor-Africa. Judy…
UAP Old Mutual and NSSF Uganda host successful financial education session in Kampala
UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to…
African Tech Giant BlueChip Technologies Launches in Uganda
BlueChip Technologies, an African tech giant specialized in Data Management and Analytics has officially launched its market operations in Uganda. This strategic move aims at revolutionizing Uganda’s technological landscape by introducing a comprehensive suite of innovative solutions tailored to meet…
Stanbic Business Incubator unveils two programs to enhance access to finance for SMEs in Uganda
Kampala, Uganda – The Chief Executive of the Stanbic Uganda Holdings Limited(SUHL), Francis Karuhanga has officially flagged off two innovative programs aimedat supporting businesses access finance, fostering economic growth within Uganda’sdynamic SME sector. Dubbed the Stanbic Accelerator Program (SAP) and…
Airtel remits Shs 34.8 billion rural communication levy
Telecom firm, Airtel Uganda, has handed over Shs 34.8 billion to the Uganda Communications Commission (UCC) in fulfillment of the Communications Act, aimed at bolstering the nation’s communication infrastructure. This contribution comes on the heels of Airtel’s exceptional financial performance…
Dr Michael Mayanja appointed Director of Finance at DPF
Dr Michael Mayanja Lugemwa has been appointed Director of Finance and Operations at the Deposit Protection Fund (DPF) of Uganda, effective April 2024. The fund serves as a safeguard for depositors’ funds in financial institutions. Its primary function is to…
UBL commissions UGX 37b biomass plant, to reduce carbon emissions by 92%
Uganda Breweries Limited (UBL) proudly announces the commissioning of its state-of-the-art UGX 37 billion biomass plant, marking a significant milestone in the organization’s commitment to sustainability while demonstrating dedication to reducing its carbon footprint.The facility represents a substantial investment by…
US Launches Africa Trade Desk, Targets $300mn Deals in 18 Months
Prosper Africa, a US government national security initiative, has announced the launch of Africa Trade Desk, a platform to link African agricultural producers and suppliers with large US food retailers. “The Africa Trade Desk, a public-private partnership between Prosper Africa…
BOU asks URSB to make changes to Crane Bank name
Bank of Uganda has written to the Uganda Registration Services Bureau (URSB) advising it to amend the name Crane Bank Ltd by deleting the word “Bank” from the name in line with a Supreme Court ruling. BoU’s decision and consequent…
Ethiopia’s Startup Ecosystem Welcomes Key Legal Reforms: A Boost for Innovation and Growth
Half Day city tour of Addis Ababa will give you an insight to History, Culture, beliefs and life style of Ethiopians
Ethiopian Securities Exchange (ESX) Closes Its Capital Raise Significantly Oversubscribed by Domestic and Foreign Investors
The Ethiopian Securities Exchange (ESX) announced today the successful closing of its capital-raising exercise, surpassing by more than two-fold the amount of funds it sought to start its operations. Initiated in November 2023, with intensive efforts by its management and…
Dr Peter Mwesige joins USAID-CIPESA project as chief of party
Dr Peter Mwesige has joined the Collaboration on International ICT Policy for East and Southern Africa (CIPESA) where he is the chief of Party of their USAID funded project, Your Rights Activity. The project seeks to support rights activists, especially those…
Uganda, Qatar Sign Agreement to Streamline Labour Externalisation
The Minister of Gender, Labour and Social Development of Uganda Betty Amongi Akena and Ali Bin Samikh Al Marri, Qatar’s Minister of Labour, entered into a bilateral labour agreement that aims to streamline and secure the process of labour externalisation between…
Stanbic post profit growth, dfcu register a fall
Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on…