Business

The academy has already begun the process of obtaining regional accreditation, starting with the Chartered Institute of Bankers of Nigeria | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank has launched the Afreximbank Academy (AFRACAD), a learning, knowledge, and networking hub designed to help advance African trade through capacity …

Harare, Zimbabwe | Xinhua | Zimbabwean health authorities have ordered the removal of certain baby powders from retail shops following their recalling by their South African distributor after it was discovered that they contained high levels of asbestos. A letter date-stamped on Oct. 10 from the Permanent Secretary of Ministry of …

Kampala, Uganda | THE INDEPENDENT |  Dr Ian Clarke, a renowned physician, philanthropist, and entrepreneur who has lived and worked in Uganda for over 30 years, had been Chairman of the Advisory Board of CTI for East Africa. The announcement, made by the Founder and Executive Chairman of CTI Global Michael Landau, …

There are alleged individuals and firms purporting to be investment advisors, fund managers and pyramid schemes with intend to defraud investors Kampala, Uganda | JULIUS BUSINGE | Investor education and protection, sustainable financing and product diversification in the equity market are among the key issues that emerged during the events …

The cost of internet and infrastructure remains a big challenge to the telecom | THE INDEPENDENT | On October 4, Sylvia Mulinge took over as Chief Executive Officer at MTN Uganda, succeeding Wim Vanhelleputte, who assumed a new role in the West African market, a move that makes her the …

Nairobi, Kenya | Xinhua | Kenya’s apex bank on Tuesday announced the successful separation of telecommunications and mobile money business of the country’s second-largest telecom, Airtel Kenya, a first in the east African nation. The Central Bank of Kenya (CBK) said it had welcomed the milestone done by Airtel Networks Kenya …

Uganda’s Owen Falls hydropower plant has a rich history that predates the country’s independence in 1962. The plant is located across the White Nile and sits between the towns of Jinja and Njeru on the shores of Lake Victoria. It is about 85 kilometres east of Kampala. | JOHN MUKUM …

Kampala, Uganda | THE INDEPENDENT |  Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding  from existing shareholders led by Partech and two new investors, including Women’s World Banking. The new investors add to the diversity of Tugende’s shareholding …

SPECIAL FEATURE | THE INDEPENDENT | TotalEnergies answers the most frequently asked questions relating to Tilenga & EACOP projects in Uganda and Tanzania. ******** QUESTION: Why is TotalEnergies embarking on the Tilenga and EACOP projects when scientists from the Intergovernmental Panel on Climate Change, the International Energy Agency and the …

Africa startups have defied a slump in global venture capital funding, raking in a record US$ 4 billion in the nine months ending September, just US$ 500 million short of surpassing its total 2021 haul SPECIAL FEATURE | BIRD STORY AGENCY | Africa’s VC scene remained resilient in spite of …