Oikocredit to provide US$ 2 million in Kenya and US$ 160,000 in Uganda to finance community WASH initiatives
Joint support for inclusive finance institutions will accelerate low-income Kenyans’ and Ugandans’ access to safe water and sanitation services.
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers.
Pearl Capital Partners (PCP) is delighted to announce and launch a UGX23.9 billion (€6 million) Fund with support from The Embassy of the Kingdom of the Netherlands (EKN) for Dairy-Horticulture.
Mastercard and Equity Bank Uganda have signed an MoU aimed at improving financial inclusion for digitally excluded individuals, communities, and businesses in Uganda.
Ugandan agritech startup Emata has raised $2.4 million in seed funding comprising $800,000 in equity and $1.6 million in on-lending capital.
MTN Uganda’s corporate social responsibility arm, the MTN Foundation, has launched a skills development academy designed to empower youths in the country.
The partnership will also provide remittance recipients, especially in rural areas, with digital and financial training to promote the savings culture and foster digital finance uptake among these communities.
Russia and South Korea have embarked on a joint venture to construct two nuclear power facilities in Uganda with the capacity to produce a total of 15,600 MW of electricity.
AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking.
RENU, the Ugandan NREN, has partnered with Mesh ++, a connectivity solutions manufacturer based in Chicago, USA, to manufacture solar-powered Internet routers in Uganda.
Verdant Capital to announce a revolving credit facility for Patasente Uganda, a digital trade services platform for farmers, warehouses, and factories.
Mastercard, dfcu Bank and Rabo Partnerships are joining forces to provide the innovative Farm Pass platform and tailored financial services to Uganda's agricultural ecosystem
Motorcare Uganda and its cumulated experience, strong market knowledge and commitment to service excellence will provide Ford customers in Uganda with the highest standards of Ford products, services, and support.
Investors in the foreign exchange business will now be required to have a minimum paid up share capital of Shs200 million to carry out the business of dealing in money transfers.
Stanbic Bank Uganda Holdings Limited (Stanbic Bank Uganda), Uganda’s largest commercial bank by assets with over three decades of serving the market, has selected IBM’s Cloud Pak for Integration (CP4I) to modernize its business operations and enhance its customers’ experience.
INOVO's cloud contact centre solution enables businesses to easily optimise channels, supporting processes, data and their workforce to drive efficiencies and boost the customer experience
As part of the acquisition, Creditinfo has taken on all employees working in the credit bureaus, which were previously owned by Experian.
Group savings have also been used by women to diversify their agricultural enterprises.
Inua Capital is pleased to announce the launch of its flagship fund, Inua Impact Fund, with over US$8 million of commitments for Ugandan Small and Medium-Sized Enterprises.
Kim Directrice d’Inua Capital, Directrice de fonds du réseau IPDEV 2, nous parle des difficultés et des opportunités auxquelles elle est exposée dans sa fonctions et dans son pays, de la place du genre dans le capital investissement et les objectifs et visions pour l’entrepreneuriat.
Flow Global raises additional Bridge Funding to continue scaling its ecosystem-agnostic digital growth solution for merchants.
Rafiq Suleman joins Verdant Capital as Vice President based in Kampala, Uganda
In Uganda, over 670 stakeholders of the fish value chain are accessing comprehensive fisheries data from Lakes Albert and Victoria, in real-time
HRLeverage, a provider of outsourcing and Professional Employer Organization (PEO) solutions, has announced its expansion into Kenya and seven other African countries, including Uganda, Rwanda, Tanzania, Senegal, Nigeria and Zambia.
The International Islamic Trade Finance Corporation (ITFC), TFO Canada, and the Uganda Export Promotion Board (UEPB) have launched the Export Launchpad Uganda program to provide women-led SMEs with the necessary tools and knowledge to expand their businesses in international markets.
Some 250 ambitious entrepreneurs from across Uganda completed an intense boot camp to learn how to grow their businesses. Run by the Youth Startup Academy Uganda, the boot camps are part of an incubator project that aims to work with 1,000 entrepreneurs under 35 years old.
Offering high bandwidth, low latency, and ability to connect with a high concentration of devices, 5G will enable real-time data transmission in the production area.
Drawn from diverse organizations including the private sector, non-governmental organizations, and government agencies, the 49 AWARD Policy Fellows hail from six African anglophone countries (Ghana, Kenya, Malawi, Nigeria, Uganda, and Zambia).
Turaco, the Kenyan insurtech startup has partnered with Airtel Mobile and Prudential Assurance to launch a low-cost hospital cash insurance product with Funeral Benefit.
$2.5 Million fund will help the company expand its services, which include a number of banking products for customers in Uganda, Kenya and Credable’s home country of Tanzania.
Yabx Technologies is a financial technology company which through its partnerships with banks and telecom operators, underwrites and services target segments available over customer networks.
The extended three-year programme will be delivered by Save the Children and UNHCR, in partnership with the Government of Uganda, and will support the inclusion in the national education system of more than 122,000 refugees.
Le protocole d’accord vise à évaluer conjointement les opportunités de coopération sur l’ensemble de la chaîne de valeur du pétrole et du gaz.
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
[East Africa Business Week] Bob Koigi: Region warms up to the hospitality industry’s expansion binge
Global respected hotel brands are expanding their footprint and have identified Africa as a key investment destination with the East African region catching their attention for its MICE, business and leisure growth potential.
In a first of its kind move, The East African Community (EAC) has announced setting up a Diaspora desk that will focus on facilitating East Africans living in the diaspora to invest and trade in the region.
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
[East Africa Business Week] Bob Koigi: Banking on innovations, partnerships to grow financial services sector
These developments have led to improved services and a robust sector that is shaping the region’s financial services industry dynamics.
East African startups have been on an expansion drive, raising funding as they seek to tap into emerging opportunities in the region and across Africa while growing their portfolio.
As the region bets on diaspora remittances to boost respective countries’ national purses and drive economic growth across East Africa, member states are looking at cementing regional partnerships.
The Summit discussed a raft of issues touching on the region from infrastructure development, energy transition, removing all restrictions on air transport services and strengthening the community.
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
[East Africa Business Week] Bob Koigi: South Sudan remains a strategic player in the region’s petroleum industry
Owing to its strategic position at the heart of a wider Nile Basin-East Africa hydrocarbons-rich area, South Sudan is emerging as the hub for petroleum industry services and exploration in the region.
West African companies have particularly been keen to expand their operations in the East African region. This has been through mergers, partnerships or takeovers.
The recent entry of the Democratic Republic of Congo to the East African Community has heralded a new economic dispensation expanding the regional market.
East African member states, private sector players and development partners have stepped up their investment in women-led businesses and SMEs in a move likely to impact cross-border trade and boost integration in the region.
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[East Africa Business Week] Bob Koigi: What EU’s lifting of financial sanctions on Burundi means for EAC
The EU made the decision in the wake of deteriorating political situation occasioned by a disputed presidential election in 2015.
As the East African nations continue to make oil and gas discoveries, investors and multinationals are pitching tent in the region on an exploration binge with governments betting on the newfound resources to grow national and regional economies.
An increase in submarine cable activities and fiber connectivity is attracting more investments in East Africa while opening up the region to the world.
As the East African Community, EAC, member states eye innovative ways of deepening integration and trading more with each other, the bloc and individual countries are putting in place mechanisms, policies and legislation that seek to address longstanding hiccups that have put the brakes on seamless regional trade.
[East Africa Business Week] Bob Koigi: East Africa positions itself as investment destination of choice
The East African community continues to live up to its billing as a prime investment destination for investors.
The Association of Real Estate Agents, AREA-Uganda, is an umbrella institution of real estate agency/brokerage companies, consultancy real estate firms, and real estate agency /brokerage professionals in Uganda that have key interests in real estate agency/brokerage.
[Vacancies] Africa Business Communities wants to work with freelance Business and Tech Journalists, Bloggers
Africa Business Communities is looking for Freelance Business and Tech Journalists, Bloggers in Nigeria | South Africa | Ethiopia | Uganda | Ghana
Ancywax is a research, media and marketing startup domiciled in Uganda’s capital Kampala that has since 2014 been offering clients a cocktail of services from idea to implementation through a model dubbed Concept Development.
When I envision AfCFTA, I see a continent where the cost of trade is cut by nearly 80 per cent. Having been in the importation business for over three years I will say that the one thing that eats up our profits the most was the importation taxes and duties.
This year, reports and news articles have been awash with stories of a dysfunctional EAC bloc stagnated and in near-crumbling state.
Ugandan businesses are becoming increasingly mindful of competition requirements and domestic antitrust laws when engaging in commercial transactions in other African jurisdictions.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
Caroline Gertsch is the Country and Programs Director of Amani Institute, founded in Nairobi, Kenya. The Institute commences a 5-month Leadership and Management program this year that is directed toward middle to upper level managerial trainings in Kampala, Uganda.
Geofrey Makavelli Ndobo is Sales & Marketing Manager at People Performance Group, a consulting, outsourcing and Human Resources company based in Kampala, Uganda.
Elton Mutize is a coach and consulting expert with progressive 14 years’ experience working in Financial Services, Property, Media, Manufacturing, FMCG, Internet of Things (IoT) and Management Consulting sectors in an Executive and Consulting capacity. He is the Founder and CEO of Paradigm, Uganda.
Africa Business Communities will be coming to Uganda. This is an excellent opportunity to meet and network!
Maria E. Auma is a Ugandan entrepreneur and finance expert. She is currently the Managing Partner of Blue Luxury Investments, an investment management firm based in Kampala, Uganda.
[Column] Bob Koigi: Deepening regional trade and East African integration with one stop border posts
Traders passing through East African border points have traditionally grappled with harrowing experiences, from bureaucratic procedures to harassment by custom officials.
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster
Jameel Verjee is a British entrepreneur expanding his business in the hospitality industry across East Africa. He is Founder and CEO of CityBlue Hotels, founded in Rwanda and now expanded into Kenya and Uganda.
If the East African community member states are not burning each other’s chicks, or auctioning cows, they are embroiled in trade disputes and mistrust in what has become characteristic of the integration journey.
East African countries are grappling to balance two sometimes conflicting needs. On the one hand, they want to encourage foreign investment. On the other, they want to ensure that local skills and labour are not displaced by imported skills.
Discover proven social media and digital marketing techniques that can boost your business online, increase your marketing impact and put digital, social and mobile into perspective.
Attendees at the upcoming Digital Marketing Masterclass taking place in Uganda and Rwanda can win an iPad and other prizes. Africa Business Communities has asked Markedu founder Michael Leander what this event is all about.
Maria Auma is a Ugandan entrepreneur and investment specialist. Her company, Blue Luxury Investments, specializes in connecting investors with viable businesses.
Impacc gGmbH has announced a call for applications for its third venture cohort of investment in innovative entrepreneurs in Rwanda, Uganda, and Tanzania, who will get a smart equity investment to scale their businesses.
Nairobi-based fintech company PesaPal has partnered with Airtel Mobile Commerce Uganda Limited (AMCUL) and PesaPal Uganda to provide payment solutions through Airtel Money.
Re-iterating MTN's commitment to Uganda, Mupita proposed facilitating a two-day investment summit in Kampala in May 2023 in collaboration with the relevant government ministries and departments as well as the Forum of South African Businesses in Uganda.
Suminter raised 53 million USD funds from Morgan Stanley India Infrastructure and IFU for organic agriculture
Suminter, an Indian B2B supply chain management company for organic agricultural products, has raised 53 million. USD in funding from Morgan Stanley India Infrastructure and IFU.
Juliet Nsubuga will take the lead as Managing Director, of MTN GlobalConnect Uganda, effective 1 April 2023, and Josephine Sarouk will assume the role of Managing Director, MTN GlobalConnect Nigeria, effective 1 March 2023.
Climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 in funding to advance their solutions for the blue economy in Africa.
The OPEC Fund for International Development (the OPEC Fund) is providing a $20 million loan to Uganda to support the construction and equipping of the Uganda Heart Institute in the nation’s capital, Kampala.
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a $2 million investment in 10 startups developing solutions to improve the resilience of communities most vulnerable to climate change in Africa including Agro Supply from Uganda.
After expanding its commodities exchange business in Kenya in June last year, Nigeria’s AFEX is now expanding to Uganda. Similar to Kenya and Nigeria, farmers in the country will benefit from AFEX’s tech-enabled services for agricultural producers.
Flow Global a Fintech company was part of the top 50 Fintech companies identified by Inclusive Fintech 50 (IF50) as a rising and promising business that is helping to drive financial inclusion in the world.
Dutch development finance institution MO has provided a $15 million and $5 million senior term loan to Wat Credit Kenya and Wat Credit Uganda, respectively.
Raxio continues pan-African expansion by developing Angola’s first carrier-neutral Tier III data centre
Raxio Group (Raxio), a premier pan-African data centre developer and operator, announced that it is investing and establishing ‘Raxio Angola’, the first state-of-the-art, carrier neutral, Tier III data centre in the country.
Uganda has declared the end of the Ebola disease outbreak caused by Sudan ebolavirus, less than four months after the first case was confirmed in the country’s central Mubende district on 20 September 2022.
Pre-seed venture capital (VC) fund and accelerator Catalyst Fund has announced a $2 million investment in 10 startups developing solutions to improve the resilience of communities most vulnerable to climate change in Africa.
The government is to pay Shs2.5 trillion to the Bank of Uganda (BoU) in matured securities after its repayment was disrupted by the advent of COVID-19.
In line with this strategy, Plesion Capital has announced its inaugural investment of $500,000 in Uganda-based XENO Corporation’s, XENO, $2 million seed round, which was led by Beyond Capital Ventures.
To support the development of small enterprises (MSMEs) and individuals in sub-Saharan Africa, Swedfund is investing an additional EUR 15 million in the microfinance institution Platcorp, targeted at clients in Kenya, Uganda and Tanzania.
Cellulant launched operations in Uganda in 2009 and through its single API payments gateway - Tingg - enables global, regional and local businesses to collect payments online and offline serving its customers with locally relevant payment methods, including mobile money, cards & banks.
MFS Africa has been granted three licences by the Central Bank of Uganda to allow the fintech company to extend and deepen its offering in the country.
MTN has launched the MTN Skills Academy to develop people across the continent as producers, consumers and innovators of digital technologies.
The Novo Nordisk Foundation and the United Nations World Food Programme (WFP) have sealed a partnership to further advance WFP's homegrown school feeding and smallholder farmer support programmes in Rwanda and Uganda.
Kuda Technologies had officially acquired more than 4.6 million customers and has strategic plans to extend its operations to the United Kingdom, Ghana, and Uganda as soon as regulators give their approval.
NALA, a Tanzanian fintech startup facilitating remittances from the African diaspora in the UK and US, has integrated Google Pay into its suite of payment options for users.
Kenyan agency banking as a service provider Tanda is expanding its operations regionally after closing a seed funding round last month.
Agro-inputs distributors working with EzyAgric will be able to apply for inventory financing in the form of short-term credit to buy genuine and affordable inputs stock right when they need it and pay for it later.
The financing agreement was signed between KfW and UNICEF for EUR 25 million to improve vaccine logistics in the West African countries, KfW is also supporting vaccinations against COVID-19 and other infectious diseases in East Africa.