Upcoming EventsApr24Monall-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 →May9Tueall-day East Africa Trade & Commodity Fi... @ Windsor Golf Hotel & Country Club , NairobiEast Africa Trade & Commodity Fi... @ Windsor Golf Hotel & Country Club , NairobiMay 9 – May 10 all-dayShareMay16Tueall-day SWIFT African Regional ConferenceSWIFT African Regional ConferenceMay 16 – May 18 all-dayInnotribe is also active across the African continent with the Innotribe Startup Challenge for Africa. The Startup Challenge has become one of the leading global startup competitions, connecting the financial services industry with more than 650 FinTech startups around the … Continue reading →May26Friall-day The Big 5 Heavy @ Dubai World Trade CentreThe Big 5 Heavy @ Dubai World Trade CentreMay 26 – May 28 all-dayShareMay29Monall-day INFRA EAST AFRICA EXHIBITION @ Kenyatta International Exhibition Center, Nairobi, KenyaINFRA EAST AFRICA EXHIBITION @ Kenyatta International Exhibition Center, Nairobi, KenyaMay 29 – May 31 all-dayShare
Category Archives: Uganda News
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.
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”