Known as MTN MoMo, customers will be able to use the card to shop or make payments at the vast network of global outlets accepting Mastercard payments.
Solar energy company Fenix International, part of global energy group ENGIE, is establishing its global headquarters in Uganda and moving its engineering and technology development centre from San Francisco to Uganda.
Despite an economic slowdown, most African countries are reported to have a positive economic outlook. This is according The Institute of Chartered Accountants in England and Wales, ICAEW.
Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost the economic development of Africa on 10th September 2018.
Block Commodities Limited, the innovative commodity trader operating in Africa has entered into a strategic partnership with Pure Grow Africa Limited supplier of high-quality agricultural produce based in Uganda.
Global alternative asset manager The Carlyle Group has completed the acquisition of a majority stake in AK Life Sciences, Abacus, a pharmaceutical company in East Africa.
Mr. Joe Watson Gakuo is the Chief Executive Officer of Oleum Holdings Limited, and the founder of Upstream Awards.
Renew, a private equity impact investing firm, has announced expansion into its second African country, Uganda.
The Capital Markets Authority (CMA) Act Cap 84 has been reprinted as a way of updating it to incorporate all amendments effected by the CMA Amendment Act, 2011 and the CMA Amendment Act, 2016.
BringCom Incorporated, a provider of connectivity solutions to developing countries, has announced that it has completed the acquisition of Datanet.Com, LLC in Uganda
OFID, the OPEC Fund for International Development has signed public sector loan agreements totaling to US$37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
Agri-tech startup Agro Supply Uganda Limited is the winner of Seedstars Kampala. The startup beat ten other startups that had been selected present ideas at the Seedstars competition held at Outbox Hub last Friday.
OFID, the OPEC Fund for International Development, has signed public sector loan agreements totaling $37.5 million with Guinea Bissau, Burundi and Uganda to support socio-economic development and living standards in the African continent.
Online food delivering company Jumia Food has announced the launch of online pre-payments for its customers in Kenya and Uganda.
Global music and video streaming platform, TIDAL and Uganda ‘communications operator in offering mobile & fixed telecommunications, MTN Uganda, have announced a first-of-its kind collaboration.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
The Uganda National Bureau of Standards (UNBS) has automated a number of its services to improve efficiency and turnaround time for better service delivery.
Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, NBS Television and National Environmental Management Authority have developed and launched an environmental campaign
The Village Enterprise Development Impact Bond (DIB), the first impact bond designed to reduce extreme poverty in rural sub-Saharan Africa, has closed its initial round of funding.
President Yoweri Museveni has said that a number of Government of Uganda funded contracts worth $2.4bn have been given to Chinese companies especially on roads and recently security cameras worth $120 million.
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the development partners.
The Overseas Private Investment Corporation (OPIC) has provided a $5 million loan to Tugende Limited, which supports small business lending and expanded transportation in Uganda.
Cash-strapped K2 Telecom subscribers will be absorbed by Airtel Uganda, offering a lifeline to the Buganda Kingdom-owned telco two months after it was shut down for failure to pay taxes.
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility, a joint initiative of the African Trade Insurance Agency, a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development.
The African Development Bank has approved a US$20 million loan to the Uganda Development Bank Limited (UDBL), the first development finance institution established by the Government of Uganda in 1972.
Andela, the company building high-performing engineering teams with Africa's most talented software developers, has launched a pan-African technology hub in its fourth African market: Kigali, Rwanda.
A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than USUS$400 million loans of Bujagali Energy, aiming to help reduce electricity costs in Uganda.
58,500 smallholders in Ghana, Malawi, Uganda and Zambia will benefit from outgrower programmes backed by AgDevCo's Smallholder Development Unit , with farmer incomes set to collectively increase by $8.8 million per year.
A consortium of development finance institutions and commercial lenders have announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda.
In a move geared towards promoting Uganda’s tourism, the Speaker of Uganda Parliament, Rebecca Kadaga, has launched a Uganda culture park in China.
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Uganda operations as “Unimoni”.
Mr. Felipe Jaramillo has been appointed as the new World Bank Country Director for Eritrea, Kenya, Rwanda and Uganda, effective July 1, 2018.
Bombardier Commercial Aircraft has announced that it has signed a firm order for four new CRJ900 regional jets with Uganda National Airlines Company.
Diamond Trust Bank Uganda (DTB) has announced that it will be offering Mastercard’s premium card payment solutions in the country, which includes the Mastercard Gold Debit Card and Platinum Credit Card.
UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Africa operations as “Unimoni”.
In order to significantly widen the access to world class pharmacy and health hub (wellness centre) services to Ugandans, Vivo Energy Uganda has signed a partnership agreement with GoodLife Pharmacy.
Ugandans are turning to Virtual Private Network (VPN) technology to circumvent the government's "social media tax", according to leading VPN comparison site BestVPN.com.
The Government of Uganda has released its strategy to deliver on commitments under the Paris Agreement, in a blueprint known as the Uganda NDC Partnership Plan.
Kenya’s progress in the construction of the Standard Gauge Railway (SGR) has earned praise from regional Heads of State who now want Uganda, Rwanda and South Sudan to follow suit.
In a bid to help Uganda improve heath and productivity in the country’s major towns, the African Development Bank has approved a US$ 62-million concessional loan to finance its Strategic Towns Water Supply and Sanitation Project.
Amani Institute is launching the Amani Leadership and Management for Impact program (ALMI) in Uganda.
Ongoing improvement in East Africa’s economic prospects is forecast by Ecobank’s research team in the newly published East Africa section of its flagship financial website, AfricaFICC.
Frankfurt-listed FinTech, MyBucks S.A. had secured a term loan facility arranged by Symbiotics S.A to finance SME lending in Uganda.
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.
A 24-year-old Ugandan software engineer has won the Africa Prize for Engineering Innovation.
A consortium led by SNV Netherlands Development Organisation is set to roll out a five year Climate Smart Agriculture programme in Kenya, Tanzania and Uganda following a €39.5 million,grant from The Netherlands Ministry of Foreign Affairs.
Act4Accountability (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and Uganda.
Under a pilot program, Winch Energy and iWayAfrica will deploy a remote solar kiosk, The Winch Hub (WH®), with integrated VSAT equipment to provide high-quality and affordable broadband connectivity.
Act4Accountability (ACT4) and the Mastercard Foundation have announced the Diaspora Initiative to Support Youth Training Organizations ("DISYTO") in Nigeria and 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.
Thousands of MTN employees in 21 markets across Africa and the Middle East have launched the company’s annual employee volunteerism programme,
The Regional Communications Infrastructure Program aims to transform public service delivery using ICT to improve the lives of Ugandans
The clinic aims to support participating countries foster cybersecurity at the national and regional levels by identifying challenges and opportunities to move forward their cybersecurity agenda and develop a regional approach to solve cybersecurity challenges
Uganda will borrow US $84.73 Million from the Exim Bank of China to finance the National Science, Technology, Engineering and Innovation Skills Enhancement Project
Blockchain technology removes opaqueness in business and replaces it with total transparency says Uganda President Yoweri Museveni
Uganda Communication Commision is undertaking a comprehensive study to inform critical interventions related to promoting access and usage of ICTs by People With Disabilities
Ugandan innovation Matibabu tests for malaria quickly, accurately and without drawing blood wins Africa Prize for Engineering Innovation
Africa Business Communities will be coming to Uganda. This is an excellent opportunity to meet and network!
TradeMark East Africa and the Government of Uganda have signed a Host Country Agreement (HCA) extending their partnership to 2023.
[South Sudan] Infrastructure upgrades at Nimule One Stop Border Post set to ease clearance of humanitarian consignments
The Government of South Sudan in partnership with TradeMark East Africa have aunched construction works of key infrastructure at the Nimule One Stop Border Post (OSBP) including parking yard, access roads, examination shed and drainage systems.
Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, together with the Chinese business community have held a business forum to discuss greater partnerships and investment opportunities in Uganda.
ITC launches Netherlands Trust Fund IV project to increase the competitiveness of technology companies in Uganda
The NTF IV project is designed to scale up companies, provide more end-to-end solutions, engage more start-ups, and ultimately be one of the key drivers of the development of Uganda’s IT sector
The GLACCNR coalition is ready to mobilise and work with host communities to resist plans by Uganda and the DRC to conduct oil activities in the Greater Virunga
German Businesses in Civil Security Technologies and Services to explore opportunities in Uganda and Rwanda
AHK Services Eastern Africa Ltd, the service company of the Delegation of German Industry and Commerce in Kenya (AHK Kenya), in conjunction with the German- African Business Association (Afrika-Verein) is organizing a business delegation trip to Uganda and Rwanda.
Through the Regional Communications Infrastructure Program (RCIP), a World Bank initiative, NITA-U has been able to access some funds to start building the Government Cloud.
Uganda’s economy is expected to grow at 5.5 percent this year, rising above 6 percent all through to 2019, according to the World Bank’s 11th Uganda Economic Update launched in Kampala today.
Electricity access rate in Kenya is the highest in East Africa according to the latest report from the World Bank tracking global achievements in sustainable energy for all.
Julius Mukunda, the executive director of CSBAG has urged citizens to put pressure on members of Parliament not to pass the 1% tax on mobile money tax proposal but embrace the Civil Society Organisations alternative proposal of increasing excise duty from 10% to 17.5% on withdrawal fees.
Uganda partners with Intelsat, ITSO and MTN to accelerate 3G network infrastructure deployment in rural areas
Intelsat S.A.,has announced that Uganda’s Communications Commission will utilize its satellite services to advance the deployment of 3G wireless communications infrastructure to communities in rural areas of Uganda.
Eastern Africa continues to grow rapidly. As a result, the region’s average per capita income reached $740 in 2016, double the figure ten years earlier.
In an effort to revamp Uganda Telecom or UTL, the government has agreed to source for a competent investor and extend its operating license for 20 years if it gets a decent investor.
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster
The project, Breeding Better Bananas, seeks to deliver to farmers much-needed improved high-yielding and disease-resistant hybrid banana varieties that are expected to have 30% higher yield compared to the current varieties grown by farmers under the same conditions.
Countries in the East African Community (EAC) and the European Union (EU), Uganda’s two biggest markets impose the most non-tariff measures says an International Trade Centre business survey.
Following the favourable evaluation of its private sector-led offer by the Uganda Government a consortium of firms has signed an agreement confirming selection for the realization of a 60,000 barrels per day capacity refinery with a project estimated value of around $3 billion.
Whereas MTN has to a large extent complied with most of its license and regulatory obligations, there are a number of outstanding areas of non-compliance which must be addressed before UCC processes its application for renewal of a license, says Godfrey Mutabazi, the UCC executive director in the report.
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.
Although Uganda is the 8th largest coffee producer in the world and the top African exporter, its coffee is relatively unknown in the United States.
Sharing biometric data with telecom companies without a data protection law openly facilitates illegal surveillance and threatens citizens’ enjoyment of the right to privacy.
A fully automated clearing house will offer a reduction in the time required to clear a cheque to two days and eventually to a single day. The beneficiaries of cheques will, therefore, receive their funds more rapidly according to Bank of Uganda.
Uganda secures a $4 million oil refinery deal, following African Legal Support Facility intervention
With the support of the African Legal Support Facility (ALSF), the Government of Uganda has successfully signed an agreement with a consortium of American and Italian firms to finance and construct a $4-billion refinery in the country’s Hoima district.
The denial of justice to the refinery-affected people by the High Court judges has led to the perpetration of injustices and human rights abuses that no justice-minded judicial officer should subject any citizen,” said Mr. Innocent Tumwebaze.
A national IT survey 2017/18 report released last week shows that within government ministries, agencies and governments or MDAs, ICT personnel account for only 1.9% of the total workforce up from 1.6% in 2012/13. There is also a gender bias among ICT personnel with 31.2% female vs. 68.8% male.
The National Information Technology Authority of Uganda or NITA-U has set up the e-citizens portal, http://ecitizen.go.ug/, a one-stop online center for Government online services.
Whereas MTN has to a large extent complied with most of its license and regulatory obligations, there are a number of outstanding areas of non-compliance which must be addressed before UCC processes its application for renewal of a license.
KWHCoin, the blockchain-based renewable energy company using a digital currency that converts renewable distributed energy resources to digital tokens has signed a Memorandum of Understanding with Nurse In Hand (NIH) Emergency Response.
Nonprofit organization TechnoServe has announced four initiatives to boost the livelihoods of smallholder coffee farmers. Over the next five years, these new projects are expected to benefit nearly 90,000 farmers in four countries.
Vivo Energy Uganda has opened seven new Shell service stations in Uganda, bringing the total country network number to 140 service stations to date.
Humaniq, a next-generation financial service with its own cryptocurrency has announced a new live chart support in its Mobile App.
A growing number of smallholder farmers in Kenya and Uganda continue to boost household incomes, improve nutrition and ease pressure on forests, thanks to interactive radio programmes.
The Board of the African Development Bank Group has approved a loan of US $30 million to support the establishment of Rwanda Innovation Fund (RIF).
Wefarm secures $5million seed funding to reach offline farmers and ease pressure on global food supply
Wefarm, a farmer-to-farmer digital network currently in Kenya and Uganda has secured $5 million in additional seed funding, led by Silicon-Valley based True Ventures.
The Eastern Africa Grain Council, has launched the nine product standards for staple foods and two standards for sampling and test methods.
The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports.
Investing in Greater Kampala will not only benefit residents, but the rest of Uganda, according to a World Bank report.
More than 4,776 women in Uganda have benefited from a TradeMark East Africa Women and Trade programme since 2015. They are part of the 25,000 women across East Africa who have directly benefited from the programme.
The Board of Directors of IFC and MIGA have approved a plan to refinance more than $400 million of loans to Bujagali Energy Limited and provide up to $423 million in guarantees in support of the Bujagali hydropower project.
The number of road traffic fatalities reported in Uganda has increased seven-fold over the past 25 years and 10 people die every day due to road traffic injuries, according to the report of the first United Nations Road Safety Performance Review.
[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.