Business

INTERVIEW | RAPHAEL OBONYO | Carbon markets are increasingly dominating conversations about climate change interventions, especially in Africa. The world’s largest carbon market auction was held last June in Nairobi, where more than 2.2 million tonnes of carbon credits sold. Africa Renewal’s Raphael Obonyo spoke to Riham ElGizy, CEO of Regional …

Paris, France | THE INDEPENDENT | The first-ever high-level Summit on providing clean cooking access to the more than 1 billion people in Africa has so far raised mobilized $2.2 billion in financial pledges from governments and the private sector. The co-chairs of the Summit on Clean Cooking in Africa  including the President of …

WASHINGTON | Xinhua | U.S. President Joe Biden signed into law Monday a bill that will prohibit U.S. imports of unirradiated low-enriched uranium from Russia. U.S. National Security Advisor Jake Sullivan said in a statement that Biden signed the Prohibiting Russian Uranium Imports Act, which is aimed at “reducing, and …

In Africa, countries like Egypt, Morocco, Tunisia, South Africa, Ghana, Ethiopia, Kenya, and Rwanda are seeing rapidly growing BPO industries COMMENT | ANGELLA KAKUMIRIZI | Businesses worldwide are increasingly adopting Business Process Outsourcing (BPO) to manage their non-core functions. From customer service roles, such as call centers, to back-office processing that …

Kampala, Uganda | THE INDEPENDENT | The State Minister of Finance for Industry, David Bahati, has reiterated his call to commercial banks to lower interest rates for manufacturers to stimulate growth in the sector. Speaking at the recently held two-day Financial Symposium at the Uganda Manufacturers’ Association in Kampala, Bahati highlighted …

The company remains focused on maintaining the growth momentum and ensuring EBITDA margin resilience, in line with its ambition 2025 objectives Kampala, Uganda | THE INDEPENDENT | MTN Uganda net profit for the first three months to March rose 24% to Shs150bn driven by solid growth in its voice, data and …

The government is already struggling to meet revenue targets due to a slowdown in economic performance ANALYSIS | TIMOTHY NJAGI NJERU | There were early warnings that Kenya’s long rain season – between March and May – was going to bring above-normal rainfall. The extreme intensity of the rain has resulted in devastating …

However, the government owes KRECS Shs700 million for funding new connections. Kampala, Uganda | THE INDEPENDENT | State-owned Uganda Electricity Distribution Company Ltd (UEDCL) has officially taken control of Kyegegwa Rural Electricity Cooperative Society (KRECS) Limited, a key player in power distribution across several central districts, firming its grip on the …

Kampala, Uganda | THE INDEPENDENT | Uganda’s national carrier, Uganda Airlines, has signed a short-term lease agreement with Global Airlines based in Johannesburg, South Africa, to enhance its operational efficiency as some of its aircraft proceed on scheduled maintenance. The airline operates a fleet of six aircraft including four CRJ’s and …

The anticipated dual listing of Coca-Cola’s African bottling business in Johannesburg and Amsterdam indicates a strong market rebound as fintech leader Flutterwave mulls a similar move. SPECIAL REPORT | BIRD AGENCY | Coca-Cola Co. is advancing plans for a significant initial public offering of its African bottling arm as soon …