Tag Archives: investment

    Kampala, Uganda | THE INDEPENDENT | A team of Egyptian investors plan to set up a home appliances assembly plant in Uganda. The plant will be used to assemble parts of fridges, gas cookers and washing machines. The plan was disclosed by Egypt’s First Assistant to the Minister of …

Kampala, Uganda | THE INDEPENDENT |  Sanlam Kenya now wants directors of companies that defaulted on Ksh1.15 billion through corporate bond issues held personally liable for “misleading” the investment firm, according to Business Daily. CEO Patrick Tumbo said the company will take legal action against firms such as Kaluworks, a …

But will oil companies pump money into key infrastructure projects to meet new first oil timeline? Kampala, Uganda | RONALD MUSOKE | Uganda’s oil and gas industry is expected to rake in investments worth over US$ 1 billion this year,according to senior energy ministry officials. The outlay for this year is part of …

Abidjan, Ivory Coast | AFP | Mining companies have invested at least $5 billion towards gold exploration in West Africa in the last decade but significant reserves are under-exploited, mineral industry experts said on Tuesday. Delegates at the Ecomof mining and petroleum forum in the Ivory Coast commercial capital Abidjan …

The recent Africa Investment Forum provided a safe, stable marketplace to accelerate deals COMMENT | AKINWUMI A. ADESINA | For any investor interested in Africa, there was only one place to be last week: Johannesburg. When the three-day Africa Investment Forum opened on November 7, a total of 61 deals with …

Paris, France | AFP | Rapid population growth and poor infrastructure have put two out of three cities in Africa at “extreme risk” of the threats posed by climate change, according to a new analysis released Wednesday. With UN figures showing 86 of the world’s 100 fastest-growing cities are in …

Riyadh, Saudi Arabia | AFP | Saudi Arabia’s crown prince is scheduled to address an investment forum in Riyadh Wednesday, his first public speech since the murder of critic Jamal Khashoggi plunged the kingdom into crisis. Organisers of the glitzy flagship Future Investment Initiative listed Prince Mohammed bin Salman among …

Riyadh, Saudi Arabia | AFP | Saudi Arabia’s powerful crown prince appeared Tuesday at a glitzy investment forum boycotted by a host of global business leaders, as the petro-state admitted it is facing a “crisis” after the murder of journalist Jamal Khashoggi. Crown Prince Mohammed bin Salman smiled and took …

Freetown, Sierra Leone | AFP |  It was a time for smiles and handshakes as the delegations from Sierra Leone and China Exim Bank sealed a loan to provide the impoverished West African state with a new airport. Just months later, the much-trumpeted Mamamah International Airport scheme, estimated to cost …

Financial expert concerned with 70% investment in government securities Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector is continuing to grow with the latest figures indicating that assets – a major indicator of growth – have increased from Shs5.2trillion in 2014 to Shs10.04trillion in 2017. This represents 93% growth. This …