Uganda News Archives - Page 4 of 5

10Apr

By Johan BurgerNo Comments

Business, Egypt News, Ghana News, Main, Nigeria News, Rwanda News, Tech, Uganda News

Friday@Noon on Financial Services in Africa: 2018

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. The financial services industry in Africa has seen a lot of development throughout the past few years, as was the case in 2018. Mobile telephony has driven the US$300 million monthly transactions in Africa from 7.2 million new people (up 250% from 2012) using digital financial services and 45,000 new banking agents due to a financial inclusion project. Financial inclusion in Sub-Saharan Africa has increased from 23% in 2011 to 43% in 2017. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neigh...

1Apr

By Jacques VermeulenNo Comments

African News, Ghana News, Kenya News, Main, South Africa News, Uganda News

Towards a world without waste

The invention of plastic has changed the world in so many ways – for both better and worse - that it’s hard to picture modern life without it. Instinctively, we might think a plastic-free world could only be an improvement, but that would be to ignore the extent to which plastic is interwoven in almost every aspect of our lives, including its role in the food economy. It has reduced food waste and packaging costs – contributing to food security - while enabling the convenience lifestyle of the modern working family. You only have to consider how the absence of plastic packaging would increase the risks of food product contamination and the spread of disease to understand the vital part it plays. Yet it’s also clear that the sheer volume of plastic pollution has become unsustainable. A 2017...

30Dec

By Otavio VerasNo Comments

Burundi News, Kenya News, Main, Rwanda News, Tanzania News, Uganda News

Integration Efforts in the EAC

Otavio Veras, Researcher of the NTU-SBF Centre for African Studies Synopsis The East African Community (EAC) is an economic bloc formed by Kenya, Tanzania, Uganda, Rwanda and Burundi. The countries have a history of cooperation dating back to the early 20th century. In the recent years, they have started various infrastructure projects to improve the connection between its members, ultimately decreasing the cost of doing business and making the bloc more attractive to trade with foreign countries. Singapore is enjoying this opportunity, with investments in the African continent growing at a compound rate of 12% per year[1]; the city-state has traded more than US$400 million with the EAC alone in 2013. Singapore is currently involved in various businesses in the region, ranging from agri...

14Feb

By Africa BusinessNo Comments

African News, Ethiopia News, Kenya News, Morocco News, Nigeria News, Republic of Côte d'Ivoire (Ivory Coast), Uganda News

Top 7 business destinations in Africa

Africa's leading online hotel booking platform reveals top 7 business destinations It’s pretty hard to miss the buzz that has been on about the African economy, with large markets and a huge consumer market-base, Africa has become one of major hub of business in the world. The African continent is deemed the world’s fastest growing with 5 to 6 % growth rate for the several years. With a steadily growing population (it is predicted that a quarter of the population will be African in 2050), this renewed attraction to Africa is rather well-needed as it creates a two-way chain to both Africa and the companies as they are able to take advantage of the large markets available in Africa to boost their goals. Jovago brings you these top 5 business destinations because they particular...

9Nov

By Africa BusinessNo Comments

African News, Uganda News

MTN Uganda releases statement on tax evasion case

MTN- Tax Evasion Press ( .pdf Acrobat reader) Allegations of Tax Evasion (Microsoft Word) Dear All, I wish to set the record straight on various negative and inaccurate stories that have appeared in the media over the last couple of weeks: In Mid-September, MTN Uganda discovered suspicious supply chain payments made to several service providers. The MTN forensic team and Uganda Police were engaged to investigate the suspicious transactions. This resulted in the charging of two staff members implicated in the investigation, with offences relating to fraud in the amount of UShs. 13 billion. MTN has also made criminal complaints against the suppliers implicated and filed a civil claim against one of them who reneged on their contractual undertaking to refund the funds misappropriated by...

6Nov

By Africa BusinessNo Comments

African News, Uganda News

IMF Concludes Staff Mission to Uganda

KAMPALA, Uganda, November 6, 2012/African Press Organization (APO)/ – An International Monetary Fund (IMF) team visited Kampala from October 24 to November 6, 2012 to carry out discussions with the Ugandan authorities for the fifth review of their IMF-supported economic and financial program. The mission met with Hon. Maria Kiwanuka, Minister of Finance, Planning, and Economic Development, and Professor Emanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, as well as other senior government officials, development partners, and representatives of the private sector and civil society. At the end of the mission, Ms. Ana Lucía Coronel, IMF senior resident representative and mission chief for Uganda, issued the following statement: “Uganda’s economic growth rate declined fro...

5Nov

By Africa BusinessNo Comments

African News, Uganda News

Tánaiste welcomes commitment from Government of Uganda to repay funds misappropriated from Irish Aid

DUBLIN, Ireland, November 5, 2012/African Press Organization (APO)/ – The Tánaiste and Minister for Foreign Affairs and Trade, Eamon Gilmore, T.D., today welcomed the Government of Uganda’s commitment to repay €4m in Irish Aid funds which was misappropriated by officials in the Office of the Prime Minister, the Ministry of Finance and Bank of Uganda. The Tánaiste stated: “I have received assurances from the highest level in the Government of Uganda that they will repay in full the €4 million in Irish Aid funding which was misappropriated by corrupt officials. “I welcome this swift response to the very grave concerns which I conveyed to the Ugandan Government and the speed with which the Government has moved against officials who were implicated in this ...

23Oct

By Africa BusinessNo Comments

Energy, Green Energy, Uganda News

Kirchner Solar Group and develoPPP.de launch large electrification project in Uganda

Modular solar generator solargenset empowers sustainable, green and affordable power supply for rural areas Alheim-Heinebach, October 2012 – Kirchner Solar Group, an international manufacturer, project developer and vendor of solar solutions, implements a large solar power supply project in Uganda, East Africa. The project is supported by means of a development partnership in the context of the develoPPP.de program, run by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (German Agency for International Cooperation) on behalf of the Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (Federal Department for Economic Collaboration and Development). The project’s objective is to give Uganda’s rural population access to climate and health-friend...

20Oct

By Africa BusinessNo Comments

African News, Energy, Green Energy, Uganda News

UMEC 2013: 1st Uganda, Mining, Energy & Oil & Gas Conference and Exhibition

UMEC 2013 (Microsoft Word format) UMEC 2013 is a turnkey event focusing on the Republic of Uganda’s mining, energy and petroleum potential and their sustainable development. UMEC will feature two days of conference sessions, a trade exhibition, round table discussions, seminars as well as touristic trips and technical visits. The event will be organized by the Ministry of Energy & Mineral Development, Republic of Uganda, in association with AME Trade Ltd. The inaugural UMEC will gather international investors, industry experts, Ugandan decision makers, development partners and donors, as well as other key actors and partners in Uganda’s extractive industries. The main theme of UMEC 2013 is “Development through Sustainable Management of Uganda’s Energy & Mineral Resourc...

13Oct

By Africa BusinessNo Comments

African News, Benin News, Kenya News, Mozambique News, Nigeria News, Uganda News, Zambia News

Novus Celebrates World Egg Day and Supports Egg Consumption and Egg Production in Africa

Special events are being held throughout the continent ST. LOUIS , Oct., 2012 /PRNewswire/ -- Novus International, Inc. has partnered with egg industry associations in Africa for the third consecutive year to support World Egg Day celebrations. On Friday, October 12 , numerous events are being held throughout Africa to promote the nutritional benefits of eggs and raise the public awareness of the importance eggs play in a nutritious and healthy diet. In western Africa , several states within Nigeria including Ogun, Lagos , Abuja-Federal, Port Harcourt-Rivers and Benin will be hosting events at schools; activities include egg races, talks by health care professionals and miming student competitions. In eastern Africa , especially Kenya and Uganda , two-day events are be...