Upcoming EventsMar27MonMar28Tueall-day 4th African Islamic Finance summit @ Hyatt Regency4th African Islamic Finance summit @ Hyatt RegencyMar 28 – Mar 29 all-day4th African Islamic Finance summit read moreShareApr4TueApr6Thuall-day Global Forum on EPC Project Mana...Global Forum on EPC Project Mana...Apr 6 – Apr 7 all-day6th – 7th April, Berlin Conference overview EPC Project Management is the “Heart” of internal and external Operational division of Power and O&G industries with its own Scale and Complexity. With the current challenges and the drop in the oil price, Contract … Continue reading →Apr17Monall-day Future Play & Playspaces MENA 2017 @ DubaiFuture Play & Playspaces MENA 2017 @ DubaiApr 17 – Apr 18 all-dayFuture Play & Playspaces MENA has been specifically created for those developing, designing, building and equipping indoor and outdoor play facilities across the MENA region. It’s an event dedicated to showcasing the growing business opportunities in this rapidly expanding sector. … Continue reading →Apr24Monall-day 3rd Congo International Hydrocar... @ The Palais des Congres, Brazzaville3rd Congo International Hydrocar... @ The Palais des Congres, BrazzavilleApr 24 – Apr 26 all-dayOn behalf of the Ministry of Hydrocarbons, Republic of Congo & AME Trade Ltd, we are delighted to welcome you to the Republic of Congo’s Third International Oil and Gas Conference and Exhibition (CIEHC-3). CIEHC will take place at the … Continue reading →
Category Archives: Uganda News
As a result of their unique blend of trail-blazing technology and disruptive innovation, FinTech players have the ability to accelerate the digital transformation of financial services in Africa and, in turn, spur existing banks to rapidly ramp up their own innovative approaches to meet the financial needs of under-served markets across the continent.
Otavio Veras, Researcher of the NTU-SBF Centre for African Studies
The project which is being executed by Uganda Electricity Generation Company (UGECL) and a Chinese company Sinohydro Corporation – as contractor, was anticipated to produce 600MW of hydropower was paused due to recognized cracks in the dam section which posed threat to the project. Stakeholders partnered in finding teams of experts, both local and international to get a solution to the challenge. After several consultations, concrete works have resumed at the project site. Key inputs from the experts included reducing the temperature of the concrete during placement as well as improvement on the placement methods, which demanded the use of agitator trucks. Following that, a cooling plant has been installed on site to ensure concrete is placed at 20 degrees Celsius. Currently, the contractor, Sinohydro, has completed over 95% of the tunneling excavation and is currently concreting the tunnel.
Mobile money, payments innovation and the impact of blockchain are radically transforming the financial services landscape. This transformation is having a powerful impact across Africa where the acceleration of mobile phone penetration has already revolutionized the reach and eﬀectiveness of ﬁnancial services on the continent. Established banking and mobile phone companies, together with new challengers and FinTech disruptors, have tapped into this revolution to further boost FinTech in Africa as one of the most dynamic, transformative and fastest growing markets – creating tremendous potential for delivering positive change to how consumers and corporates engage financial services throughout Africa.
Hong Kong bans import of poultry meat and products from Uganda and areas in Germany, India and Japan
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (January 17) that in view of notifications from the World Organisation for Animal Health (OIE) about outbreaks of highly pathogenic H5N8 avian influenza in the State of Bavaria in Germany and Kottayam District in Kerala State of India, and an outbreak of highly pathogenic H5 avian influenza in Uganda and a notification from the Japanese authorities about an outbreak of highly pathogenic avian influenza in Gifu Prefecture, the CFS has banned the import of poultry meat and products (including poultry eggs) from the above places with immediate effect to protect public health in Hong Kong.
Uganda’s economy has performed above expectation within unfavourable conditions. This has been discovered through a review exercised by the IMF Executive Board under the Policy Support Instrument (PSI) for Uganda. The PSI which is designed for countries that do not need balance of payments financial support was approved for Uganda by the Board on June 28, 2013 and a one-year extension was approved on June 6, 2016. This review marks the 7th review of the Board under the PSI.
Last week, the UK DFID committed to support Uganda in its quest to access clean, reliable, and affordable energy. The agreement which was signed and termed as the Energy Compact is geared towards assisting the East African country to improve its energy access. As East Africa is on the edge of development, there are over 30 million, or four out of every five people in Uganda who do not have electricity. It is essential for the country to increase its energy availability to enhance production and development. In the remarks of the head of the Department for International Development (DFID) Uganda office – Jennie Barugh, at the signing event, she mentioned that alleviating energy poverty will enhance productivity, create jobs, improve livelihoods, enhance the capacity of the state to provide basic services to its people, and directly affects the health and education sector. Additionally, availability of electricity reduces the disproportionate impacts of education and health on women and girls in the absence of electricity.
Made up of 32,680 photovoltaic panels, the new 10 megawatt facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area
The 2017 edition of the Sub-Saharan Africa Islamic Finance Convention in Uganda to advance financial deepening & inclusion, bridge funding gaps and mobilise investment for new growth opportunities
As the global business environment adapts to the new normal of Brexit, the Trump presidency and the implications of a post-oil economy, Sub‐Saharan Africa continues to be an increasingly important component of global economic growth. In particular, the expansion of Islamic ﬁnance in the region is providing new growth opportunities and propelling stronger trade & investment ties across Sub‐Saharan Africa and internationally. For Uganda, specifically, 2016 has been a landmark year for Islamic finance as important new legislation has moved its way through the legal enactment process and 2017 promises to be even more significant for the progress of Islamic finance on the continent.
The report acknowledges that a partnership with Bidco “could adversely damage UNDP’s reputation and the communities it seeks to help”
The Employment & Benefits team at pan-African law firm, Bowmans, has put together a Guide covering the employment consequences in business transfers in Botswana, Cameroon, Kenya, Madagascar, Nigeria, Senegal, South Africa, Uganda, Tanzania and Zambia. The Guide outlines the laws in each jurisdiction that regulate the employment consequences of business transfers and provides useful insight for those planning to buy or sell a business, or out- or in-source a service, in those countries.
A new study conducted in Uganda has found that humanitarian assistance for refugees creates significant economic benefits for the local economy, and these benefits are greater when the assistance is in the form of cash transfers and land for agricultural production.
A team from the International Monetary Fund (IMF) led by Axel Schimmelpfennig, IMF Mission Chief for Uganda, visited Kampala from October 12 to 26, 2016 to conduct the seventh review of the country’s economic program under the Policy Support Instrument (PSI) .
Uganda scored a double victory at the East African Power Industry Awards with the country not only winning the Special Recognition Award for outstanding leadership in the sector, but also scooping up the Award for Excellence in Power Transmission or Distribution for the second year in a row. Taking place during the East African Power Industry Convention (EAPIC) in Nairobi this week, the East African Power Industry Awards gathered some 180 power professionals from the region at a glamorous gala dinner on Wednesday and recognised individuals, companies and projects based on the excellent work they have been doing in the power sector during 2015/2016.
About 14 Dubai based organizations exhibited their products and businesses during the maiden roadshow done in East Africa by the Dubai Tourism. From 24th to 30th August, the event was targeted to give local companies a direct access to diverse services provided by operators from the Emirate. flydubai, which was announced half a decade ago, is set assist to contribute to the vision of the Emirate to be identified as a global centre for aviation and tourism. At the event, flydubai, exhibited their business services in Uganda and Tanzania.
Now in its 4th Edition, East Africa International Arbitration Conference (EAIAC) (EAArbitration.com) has grown to become an authoritative platform in East Africa promoting the region’s legal capacity, and highlighting Arbitration as an alternative investment dispute mechanism.
Digital Impact Awards Africa is fast streamlining production and consumption of Digital Services in Africa. Today, the DIAA advisory board announced that Dr. Nick Hughes; one of the pioneers of the world’s most successful Mobile Financial service – M-Pesa will deliver a keynote at the third Digital Impact Awards Africa come Wednesday 17, August 2016 at the Kampala Serena Hotel.