Category Archives: Uganda News
Uganda’s average growth for the period 2011-2015 was 4.8 percent, lower than that of neighbouring Kenya (5.5 percent), Tanzania (6.9 percent) and Rwanda (7.0 percent)
Future Energy Uganda investment forum launches in Kampala in SeptemberUganda’s immense power potential and enormous energy investment opportunities will be in focus when stakeholders and decision makers meet for a strategic two-day conference and showcase during the inaugural Future Energy Uganda in Kampala from 12-13 September 2017.
“The numbers in Uganda’s energy sector speak for themselves: the country is without a doubt the next energy investment destination,” says Future Energy Uganda event director Le-ann Hare-Keymer.
Power Africa attended the Africa Energy Forum (AEF) to further advance its goal to increase energy access and power generation in sub-Saharan Africa. Through grant signings, facilitated events, and targeted meetings with government and private sector partners, Power Africa plans to further increase the number of transactions that have reached financial close. Currently, the 76 projects that have reached this status are expected to generate over 7,107 megawatts (MW) since the initiative’s 2013 launch.
The 3rd annual edition of the Urban & Infrastructure Development Conference (UIDC 2017) provides a powerful platform to unlock the growth potential of the African Smart Cities ecosystem and address the continent’s urban and infrastructure opportunities in the mobility & transport, ICT, power & renewable energy, waste management & sustainability, and the big data & IoT sectors.
Our aim is to make East Africa one country, one state – says Yoweri Museveni of Uganda. “It’s now integrated economically but together with our partners we want East Africa to become one country.”
WORLD BANK INTERVIEW: Mini and off-grid electricity, especially from sources like solar, offers increasing potential to electrify homes in many rural areas of Sub-Saharan Africa”
Exclusive interview with Lucio Monari, Director, Energy and Extractive Global Practice at the World Bank. He will address the CEO Forum at the upcoming African Utility Week on a World Bank study on the “Financial Viability of Electricity Sectors in Sub-Saharan Africa”.
The UN Economic Commission for Africa (ECA) argues that Uganda, like other African countries, needs to foster a higher level of industrial development to drive its economic transformation
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.