Thursday, November 21African Digital Business Magazine

Tag: Kampala

UDB Focuses on Sustainability and Innovation to Drive Uganda’s socio-economic development
Business, Uganda News

UDB Focuses on Sustainability and Innovation to Drive Uganda’s socio-economic development

Uganda Development Bank Ltd (UDB), the country's national Development Finance Institution and the Best Bank in East Africa 2024, has today announced its 2023 annual performance, highlighting its continued pivotal role in fostering economic resilience and sustainable growth across key sectors of the economy. UDB's net loans expanded to UGX1.47 Trillion in 2023, reflecting robust support to the private sector. The Bank strengthened its commitment to providing affordable and patient capital, achieving significant milestones amidst economic challenges. The results, released during the Annual General Meeting held at the Ministry of Finance, Planning, and Economic Development, reflect a sustained effort to facilitate economic recovery. The meeting was attended by the Bank's shareholders, the ...
ONOMO Hotels Group opens its first hotel in Kampala, Uganda consolidating its investment in East Africa
travel, Uganda News

ONOMO Hotels Group opens its first hotel in Kampala, Uganda consolidating its investment in East Africa

This new hotel marks a milestone in the group’s growth in East-Africa, and brings its footprint to 22 hotels in 13 countries in Africa ONOMO Hotels Group continues its development in East Africa and opens its first hotel in Uganda. In line with the group’s strategy of opening hotels in the heart of iconic African cities, ONOMO Hotel Kampala is located in Kampala, economic beating heart of Uganda, on Nakasero Hill, the hotspot and preferred meeting place for entrepreneurs, businesspeople and shopping enthusiasts. “We are excited to welcome guests to ONOMO Hotel Kampala as an ideal destination for friends, families, couples and business travelers from all corners of the world looking to experience the vibrant and warm Ugandan hospitality, it’s rich culture and local artists, where every ...
Energy, Green Energy, Senegal News, South Africa News, Uganda News

REN21’s new report shows that cities across Africa demonstrate progressive leadership to deploy renewables

The 2021 edition of REN21’s Renewables in Cities Global Status Report, shows that one billion people live in cities with a renewable energy target or policy. The number of cities that have enforced partial or complete bans on fossil fuels jumped fivefold in 2020. With a special focus on Sub-Saharan Africa, the report shows that despite many challenges, city governments across the region have taken important steps to advance the deployment of renewables. Africa’s urban population increased more than 16-fold between 1950 and 2018, from 33 million to 548 million, and this rapid urban growth has been and remains a key driver of rising energy demand. Cities across Sub-Saharan Africa increasingly recognise the opportunities around renewable energy use to improve energy access, reduce energy pove...
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...