Business

Nairobi, Kenya | Xinhua | Kenya’s foreign exchange reserves declined by 12.5 billion shillings (about 103 million U.S. dollars) this week to hit a five-year low as the shilling fell to the lowest level in history against the dollar, the Central Bank of Kenya said in its weekly update of …

Paris, France  | Xinhua | The strike continued in TotalEnergies and ExxonMobil refineries, the General Confederation of Labour (CGT) said on Saturday, leading to fuel-related panics in the country. According to the Ministry for Energy Transition, 20.7 percent of service stations were experiencing difficulties with at least one product on Saturday, compared to …

Lusaka, Zambia | Xinhua |  Zambia and Namibia have signed a memorandum of understanding on the construction of a natural gas pipeline project, a Zambian senior official said Friday. The deal was signed on Thursday on the sidelines of the 10th session of the Joint Permanent Commission of Cooperation between …

As the world reels from global food supply chain disruptions and extreme weather, this eco-village in Uganda is helping inculcate the importance of sustainable agriculture to local communities, teaching farmers how to grow for a healthier planet. Jinja, Uganda | BIRD STORY AGENCY |   A fresh, earthy aroma fills the air …

In Nigeria’s Rivers State, engineering company Egoras is successfully refurbishing e-waste into affordable appliances, creating a new market for recycled and upcycled products. Lagos, Nigeria | BIRD STORY AGENCY | It was the first day of the much-anticipated Egoras Trade Fair in Port Harcourt, Southern Nigeria. The company had announced it …

Kampala, Uganda | THE INDEPENDENT | As one of the strategies to further improve customer experience and deliver services to its customers conveniently, Equity bank has launched a high-tech contact centre. The new Contact Centre will allow the Bank to deliver improved support conveniently to the nearly 1.6 million customers 24/7. …

MTN MoMo Uganda has concluded its maiden interest payment to customers who had a minimum of Shs1 and above for the second quarter of 2022. Richard Yego, the company’s managing director shares some insights about the implications of the interest payout and the industry going forward. What do these MTN …

National Exhibition Week for Science (NEWS 2022) launched to showcase science and technology innovation  Kampala, Uganda | THE INDEPENDENT |  The government has today launched the 2022 National Exhibition for Science Week, (NEWS 22), Uganda’s annual showcase of science, technology and innovation to document progress made towards technological advancement to steer …

Kampala, Uganda | THE INDEPENDENT | Massmart Holdings, the owner of Game store in Uganda has announced an outright exit from Ugandan market, having failed to get a local partner or buyer. In March 2021, Massmart announced that after a review of its operation in East Africa, it was exploring the …

Kenyan banks dominate the ranking taking 10 slots but also performing poorly in the Top 100 banks in Africa | THE INDEPENDENT | Stanbic and dfcu banks are the only Ugandan banks that have appeared in the East African Top 20 banks despite banks recovering from the impact of the …