Business

Africa’s fintech sector is seeing a surge in deal-making as firms race to dominate the continent’s booming cash transfer and digital payments market, projected to hit US$1.5 trillion by 2030 SPECIAL REPORT | BIRD AGENCY | Fierce competition in Africa’s digital and cross-border payment sector is fuelling a wave of …

The factory’s chief executive officer, revealed that they plan to invest sh45 million in purchasing local mangoes, with each kilogram priced at sh300 Soroti, Uganda | THE INDEPENDENT | Soroti Fruit Processing Factory has taken a significant step by purchasing and processing local mangoes from farmers in the Teso Sub-region  …

Equity’s inclusion in Superbrands East Africa Volume 9 comes at a pivotal time as the Group continues to strengthen its presence across East and Central Africa as a regional brand serving the unique needs of its customers across diverse territories. Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc has …

KAMPALA, UGANDA | THE INDEPENDENT | A group of more than 1,000 women within the Kampala metropolitan area received training to enhance their employability and entrepreneurial skills through a partnership between Coca- Cola Beverages Uganda (CCBU) and the KiBO Foundation. The project, called “Women Arise” is a skills training initiative focused …

  Uganda Airlines officially launches direct flight route between Entebbe International Airport and London, Gatwick London, UK | THE INDEPENDENT | Uganda Airlines has officially launched its direct flight route between Entebbe International Airport and London Gatwick, marking a pivotal milestone in Uganda’s aviation and trade history. The inaugural flight, …

Africa’s film and audiovisual industry generates an estimated $5 billion annually and employs more than 5 million people ANALYSIS | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank, through its impact investment arm—the Fund for Export-Development in Africa (FEDA)—has announced a landmark $1 billion initiative to launch the Africa Film …

A recent report shows Africa alone accounted for 70% of global mobile money transactions, making it the undisputed global leader in mobile-led financial inclusion. SPECIAL REPORT | BIRD AGENCY | Africa is shifting from cash handling in business to digital finance—an upgrade in the quest for financial inclusion, with mobile …

  The price of doing business in Zimbabwean gold — the country’s latest currency — is too steep for many retailers, who can’t compete with an informal market still churning on US dollars. Harare, Zimbabwe | Gamuchirai Masiyiwa, Global Press Journal Zimbabwe |  A year ago, all 16 checkout lanes were …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court in Kampala has dismissed businessman Humphrey Nzeyi’s appeal against the Bank of Uganda (BOU) and the government for the illegal takeover, sale, and subsequent liquidation of the National Bank of Commerce. The Supreme Court, presided over by seven justices led by …

KAMPALA, UGANDA | THE INDEPENDENT | When David Mulaliira first weighed the risks of launching a softdrink distribution business, he knew he needed a partner whose reputation spoke for itself. As the owner of Vinegarden Enterprises, dealing in school supplies, construction materials, and consulting services, he had built small successes …