Thursday, November 21African Digital Business Magazine

Tag: Uganda

Agriculture, Kenya News, Uganda News

Biotechnology and biodiversity in Africa

Though biotechnology is most often seen as a tool to meet Africa’s food needs, it could also play a role in protecting the continent’s unique biodiversity. Ugandan environmental activist, geneticist and conservation biologist Clet Wandui asserts that biotechnology has in fact helped to preserve and protect Africa’s biodiversity, a term that refers to the number of different species that are present in a given location, along with the numbers of individuals in each species and genetic variability within the species. “Actually, biotechnology has come to save biodiversity,” Wandui told this writer. “If you look scientifically at the drivers of biodiversity loss, there is nowhere biotechnology comes in.” He says that, broadly, biotechnology has been instrumental in increasing yields, reduci...
Energy, Uganda News

Uganda is the Biggest Oil Story in Africa and is Set to Make a Strong Play for Investment at African Energy Week in Cape Town

Uganda has emerged as a formidable oil and gas competitor and African Energy Week (AEW) 2021 in Cape Town will showcase it. With sizeable reserves, enabling regulation, and a proactive national oil company that prioritizes local participation, inclusivity, and capacity building, the country is positioning itself as a force to be reckoned with, and AEW 2021 in Cape Town (9th-12th of November 2021) will drive this narrative. In a recent working visit to Uganda, the African Energy Chamber (AEC) emphasized the role that AEW 2021 will play in showcasing the country’s energy progress, placing Uganda as a top priority at Africa’s premier energy event in order to drive associated dealmaking. Despite representing a relatively new hydrocarbon sector, Uganda - with its 6.5 billion barrels of proven...
Agriculture, Energy, Green Energy

EnDev and the IKEA Foundation launch renewables project at Vienna Energy Forum to support smallholder farmers

EnDev is launching a renewables project in partnership with the IKEA Foundation on 6 July at the Vienna Energy Forum. This three-year project aims to empower the agricultural sector by working closely with smallholder farmers, agri-businesses and solar enterprises in Ethiopia, Kenya and Uganda. The IKEA Foundation has provided an €8 million grant to support EnDev’s efforts to demonstrate the feasibility of productive use of renewable energy. Through the initiative, the IKEA Foundation and EnDev join forces to improve access to renewable energy solutions. In turn, this can enable smallholder farmers and people in rural communities to afford a better life and increase their resilience to climate change. Upcoming pilot projects will include work on agricultural activities such as milk cooling...
Energy, Green Energy, Sierra Leone, Uganda News

Winch Energy Launches Crowdfunding For Off-Grid Renewables

New clean energy opportunities in developing countries for UK and international investors Off-grid utilities provider, Winch Energy, is seeking to secure up to £1.5 million through a crowdfunding campaign for projects to accelerate the installation of renewable energy technology in Sierra Leone and Uganda. The Crowdcube campaign is part of an overall fundraising plan over the next two years and follows Winch Energy’s recent closure of the largest mini grid limited recourse financing deal so far, via Winch IPP Holdings. The London-based company has already received investment from partner ITOCHU Europe PLC and is opening crowdfunding alongside this raise to secure additional funding for new projects and future expansion. Founded in 2008, Winch Energy has offices in UK, Italy, Sierra Leone, ...
Events, Startups

The Legatum Center for Development & Entrepreneurship at the Massachusetts Institute of Technology (Cambridge, MA) launches the inaugural Legatum Foundry Fellowship for entrepreneurs in Africa

Fellowship applications open on May 3, 2021 for entrepreneurs working and living in Uganda, Kenya, Rwanda, Ethiopia, Ghana, Nigeria and Senegal. The Legatum Center for Development & Entrepreneurship at MIT has launched the Foundry Fellowship, a first-of-its-kind leadership program for accomplished entrepreneurs who are considering their role in shaping the future of the African innovation ecosystems in which they work and live. At an inflection point in their entrepreneurial journeys, Fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators. The Fellowship is open to entrepreneurs working and living in Uganda, Ethiopia, Ghana, Nigeria, Kenya, Rwanda, and Senegal. Building on the MIT ethos of Mens et Manus (Mind and Hand), the Foundry is ...
Energy, Green Energy, Tanzania News, Uganda News

Greenpeace and Western Anti Africa Energy Groups Take the Wrong Approach to East Africa Crude Oil Pipeline (EACOP) in Uganda and Tanzania

By NJ Ayuk, Executive President of the African Energy Chamber. If someone were to put me on the spot and ask me to name an environmentalist group, I’d probably blurt out the first thing that comes to mind, Greenpeace. There are obvious reasons for this: Greenpeace has been around for more than 50 years, and it has done a masterful job of bringing environmental concerns to the world’s attention and keeping them there. The group has a strong track record when it comes to advocacy and awareness, and it has a global reach. It’s truly one of the most visible non-governmental organizations (NGOs) in the world. And that’s why I see it as significant that Greenpeace’s African division has come out swinging for a major new oil pipeline slated for construction in Uganda and Tanzania. Let me explai...
Energy, Mozambique News, Senegal News, Tanzania News, Uganda News

African Energy Developments Demand Sustained Investment with new projects in Mozambique, Tanzania, Uganda, and Senegal

A recent uptick in direct investment activities in Africa’s energy sector sheds light on the role of sustained investor interest in catalyzing socio-economic growth. In the past twelve months, the African energy sector has seen several encouraging developments – in the form of both Foreign Direct Investment (FDI) and strategic partnerships – that have advanced the sustainable development of its natural resources. In fact, despite a global downturn in investment in 2020, FDI flows to developing economies accounted for 72% of global FDI, the highest share to date. Given the magnitude of Africa’s oil and gas reserves – not to mention its abundant renewable resource wealth – the continent remains a highly attractive market for inbound investment, which is vital for its growth. Take Ugan...
Winch Energy Closes Largest Limited Recourse Mini Grid Portfolio To Date In Uganda And Sierra Leone And Creation Of A New Platform Winch IPP Holdings For Future Investments
Energy, Green Energy, Sierra Leone, Uganda News

Winch Energy Closes Largest Limited Recourse Mini Grid Portfolio To Date In Uganda And Sierra Leone And Creation Of A New Platform Winch IPP Holdings For Future Investments

Leading off-grid utilities provider, Winch Energy, has completed the funding for solar mini grid projects in 49 villages across Uganda and Sierra Leone through the creation of a new platform, Winch Energy IPP Holdings Limited (“WIPP”). The deal represents the largest mini grid financing portfolio to date, bringing together several major players in the off-grid space and was finalised on 29th January 2021. Winch Energy is owned by Total Eren, Itochu Corporation, Al Gihaz Holdings and Winch Partners. The investment comes from Winch Energy Limited in partnership with NEoT Offgrid Africa – a platform established by Meridiam, EDF and Mitsubishi Corporation. NEoT Offgrid Africa supports and accelerates Africa’s energy transition and already invested more than €30 million in the electrification o...
15 Things to Do on a Safari in Uganda
Africa Travel, Uganda News

15 Things to Do on a Safari in Uganda

Uganda is a land locked country found in East Africa. It’s bordered by Kenya in East, Tanzania in the south, Democratic Republic of Congo (DRC) in the west and Sudan in the north. The country is gifted with amazing wildlife, relief, drainage and interesting culture among others. The fact that Uganda has a lot to offer, it justifies the fact that there are a number of different trips to be enjoyed. Gorilla Tracking Bwindi Impenetrable National Park hosts a variety of mountain Gorillas with currently 18 habituated groups and others which are not yet habituated. For that case, the park conducts Gorilla trekking on daily basis making it the most expensive and attractive tourist activity in Uganda. The cost of Uganda Gorilla permit currently cost US$600 but starting from 1st July 2020, it ...
The Best Tourist Attractions In Kasese Region
Africa Travel, Uganda News

The Best Tourist Attractions In Kasese Region

Kasese is ideally the main commercial center in Kasese area. It is located in western side of Uganda and it lies north of Lake George. The town became famous at the time of copper mining at Kilembe and later the attention was taken to cobalt mining. This remarkable town also comes with amazing history for the Uganda railway that runs from Kasese to Kampala and then continues to Tororo. Kasese receives the largest number of tourists given its stunning environment and other big commercial centers. This district features more than 533000 people with 54000 people who live within the main town alone. It covers an area of about 3389.8 square kilometers. It is one of the fastest developing districts in Uganda when it comes to tourism activities and attractions. Kasese belongs to the Rwenzuru king...