For years, Uganda’s banking industry has largely been defined by foreign-owned institutions, legacy perceptions, and an urban-centred approach to growth. Yet quietly, and perhaps more strategically than many realise, a different kind of story is beginning to emerge. The transition…
Dr Ould Tah thanked President Hichilema and the Zambian people for hosting the ADF-17 replenishment meeting, a key milestone in mobilising concessional resources for Africa’s most vulnerable countries Zambia has voiced strong backing for African Development Bank Group President Dr…
With construction set for late 2025, Uganda’s $4B refinery will fuel growth, enhance exports, and strengthen East Africa’s energy future Uganda’s oil refinery is scheduled to begin operations in the fourth quarter of 2029 or the first quarter of 2030,…
While the broader African refining market presents an undervalued opportunity, for Uganda, the development of its own petroleum refinery is not merely an investment prospect, it is a foundational project for achieving energy sovereignty, industrial growth, and long-term economic security.…
With the international imperative to prevent cross-border transmission, health workers were rapidly reoriented, thermal scanners were deployed, and screening protocols were enforced at 13 key entry points, especially at Entebbe International Airport Uganda has officially declared the end of the…
We believe adaptation efforts are not just necessary for resilience but are also key to unlocking economic opportunities Uganda’s ascent to co-chairmanship of the Coalition of Finance Ministers for Climate Action marks a significant milestone in its evolving role within…
Kenya’s luxury hospitality sector is experiencing significant growth, spurred by an increasing arrival of international visitors, a stable economy, and a rising middle class The sector is experiencing significant growth, driven by international visitors and a stable economy. Experts at…
In the vibrant city of Kampala, where ambition and opportunity intersect, Catherine Poran has emerged as a transformative leader at the helm of the Stanbic Business Incubator Limited (SBIL). A visionary strategist and dedicated mentor, Catherine has earned her place…
Kenya’s residential market is experiencing remarkable growth across the income spectrum, driven by increasing demand from local buyers, expatriates, and international investors Kenya’s residential market is thriving, driven by rising demand from buyers, expatriates, and international investors. The luxury and…
The Eleventh Session of the Africa Regional Forum on Sustainable Development (ARFSD-11) was marked by a vibrant Knowledge Fair and Exhibition jointly organized by the United Nations Agencies, Funds and Programmes and coordinated by the Knowledge Management team of ECA…
The EAPI Summit is East Africa’s premier real estate event, bringing together over 450 global investors, developers, and professionals from the real estate industry Under the theme “Positioning for Opportunity”, Nairobi’s premier real estate event brings global investors and developers together to…
The Ministry of Finance, Planning, and Economic Development has announced the release of funds for the fourth quarter (Q4) of the 2024/25 financial year, alongside a positive outlook on Uganda’s economic performance. The press statement, delivered by Permanent Secretary Ramathan…
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 Minister Matia Kasaija announced Wednesday. The loans, signed…
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 financial performance to date, with total revenue for…
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 complexities of global resource mobilization The African Development…