Applications are open for schools to compete in the 10th season of the Stanbic National Schools championship (NSC) and the stakes are high on who will win the youth entrepreneurship gong as it marks a decade since its inception. Last…
As Chair, Zubairu will drive collaborative growth by strengthening partnerships among member institutions, African governments, and global agencies to build a robust financial architecture The Alliance of African Multilateral Financial Institutions (AAMFI), also known as the Africa Club, has announced…
According to Interpol’s 2024 Global Financial Fraud Assessment, business email compromise, romance baiting, phishing, and other online frauds pose growing threats to Africa’s digitalized economy The African Development Bank Group has taken a significant step forward in its fight against…
Airtel Uganda Limited has announced its financial results for the year ended 31st December 2024, showcasing a resilient performance driven by sustained growth in its customer base, data services, and strategic investments in network expansion. The company reported an 11.4%…
As the business landscape continues to evolve, staying ahead of the curve is crucial for success. The Stanbic Economic Insights Symposium, scheduled for March 11, 2025, at Kampala Serena Hotel, offers a unique opportunity for business operators to gain valuable…
Airtel Uganda, fresh off its landmark IPO in 2023, is undergoing a significant leadership overhaul that has sparked both intrigue and concern across the telecom sector. In a bold move, the company has seen the exit of key figures, including…
To date, AFC has secured a total of US$700 million in financing from CEXIM, including a US$300 million facility in 2018 and another US$400 million loan in 2023 Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has signed a…
The Chairman, United Bank of Africa Group, Tony O. Elumelu, has revealed that of all continents, Africa has the highest Return On Investment (ROI). Elumelu, who was speaking at the World Government Summit in Dubai, noted that Africa is the…
A landmark investment opportunity is on the horizon for Uganda, as President Yoweri Kaguta Museveni recently met with a delegation of investors from Austria’s EcoNetix, a clean energy company. The discussion centered around a potential USD500 million (about Shs 1,839,755,000,000)…
The Board of Directors of the African Development Bank Group has approved over $31 million in funding under its African Climate Action Window (CAW) to strengthen climate resilience in Sierra Leone, South Sudan, Djibouti, and Madagascar. The Climate Action Window…
Dr. Fabian Kasi, the Managing Director of Centenary Bank, has revealed that the bank has invested over Shs200 billion in Ugandan startups since in the past few years. This significant investment has benefited over 5,000 enterprises, providing them with crucial…
The Government of Uganda has set an ambitious target of expanding the country’s Gross Domestic Product (GDP) from USD 50 billion in FY 2022/23 to USD 500 billion by 2040. This tenfold increase is expected to be driven by key…
The race for the presidency of the African Development Bank (AfDB) is heating up, with five candidates vying for the top position. As the election approaches in May 2025, the contest is shaping up to be a diplomatic and strategic…
Prof. Benedict Oramah and a high-level Afreximbank delegation met with H.E. William Ruto of Kenya during his state visit to Cairo, Egypt, to strengthen financial cooperation and advance Africa’s economic integration. The discussions highlighted the critical role of African financial…
Airtel Africa, a leading provider of telecommunications and mobile money services across Africa, has announced strong financial results for the nine months ending December 2024. Mobile services revenue grew by 11.4% to $1,367 million compared to the same period in…