Abuja, Nigeria | THE INDEPENDENT | Africa’s multilateral lender, the African Export-Import Bank, aims to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This announcement was made by Haytham ElMaayergi, the bank’s Executive Vice President, Global Trade Bank, during the African Caucus Meeting …
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Buliisa, Uganda | THE INDEPENDENT | Centenary Bank, the largest commercial microfinance bank, recently opened a new branch in Buliisa district in western Uganda, expanding its network to 81 branches. This new branch aims to serve the broader community in Bunyoro region, which is experiencing a fast increase in economic activity …
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The price of cocoa hit a peak in April at $12,261 a tonne, having been about $3,000 in April 2023, but by this month the price of cocoa had dipped again to about $7,750. ANALYSIS | ANDREW TURNER | Chocolate bars could get smaller or have cheaper ingredients added as …
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SPECIAL REPORT | Carolyne Mutesi | There’s a new way to explore Uganda, one that brings travelers closer to the heart of the land and its people. Away from the traditional Safari packages that Africa is famous for, travelers are now seeking more unique and immersive experiences when they travel. Trends in …
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Kampala, Uganda | THE INDEPENDENT | Uganda Advertising Association (UAA) in partnership with Loeries and the Uganda Marketers Society (UMS) has officially unveiled the 3rd edition of the Silverback Awards 2024 to be held on November 23, 2024, in Kampala. Under the theme “Innovative Sustainable Marketing: Harnessing Ethics, Impact, and Profitability …
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The company plans to invest Shs 500 million in 25 projects countrywide Kampala, Uganda | THE INDEPENDENT | MTN Uganda, through the MTN Foundation has launched the second phase of the MTN Changemakers Initiative, a transformative program designed to drive positive social change across Uganda. This new phase will see an …
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Kampala, Uganda | THE INDEPENDENT | FINCA Uganda, a microfinance pioneer in Uganda has unveiled Janet Mudoola as its brand ambassador in a bid to further spread its financial and non-financial services to its clients. Mudoola was among the first customers served in the eastern district of Iganga by FINCA Uganda …
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Overcapacity is leading to soaring bankruptcies ANALYSIS | AGENCIES | Most news on China’s manufacturers is bad news for rivals around the world. Foreign governments fear their domestic champions will be pummelled by low-cost Chinese rivals. But on August 5th the world got a small reminder that China’s producers face big …
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Cairo, Egypt | THE INDEPENDENT | The African Export-Import Bank (Afreximbank) and the Uganda Development Bank (UDB) have entered a deal aimed at boosting support to the private sector. The Joint Project Preparation Facility Framework Agreement will provide early project preparatory financing and technical support services to public and private sector …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank reduced its key lending rate by 25 basis points to 10.00% on August.07, saying inflation risks had eased somewhat and it was appropriate to reduce the degree of monetary policy restrictiveness. The decision by the Bank of Uganda comes despite a slight …
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