Absa Bank Uganda hands over UGX 400 million from third edition of the Absa KH3 7 Hills Run to empower vulnerable girls across Uganda
KAMPALA, Uganda — Absa Bank Uganda announced Wednesday it has handed over 400 million Ugandan shillings (about $108,000) raised from its third annual Absa KH3_7 Hills Run to eight organizations dedicated to empowering vulnerable girls across Uganda.
Policymakers bet big on Islamic finance to reshape Africa’s MSME economy
Policymakers aim to direct Islamic finance away from passive monetary markets and toward productive enterprise, especially MSMEs in Africa. Islamic financial institutions urged to allocate at least 20% of their loan portfolios—an estimated US$1 trillion—toward MSME In Africa, lack of affordable financing is a persistent...
Tanzania makes strong case for blue economy as pillar of sustainability
The push to boost blue economy has seen Tanzania prioritize aquatic foods as a key solution to ending hunger at the 2025 United Nations Ocean Conference in Nice, France. In its presentation during a panel discusssion titled “Promoting the Role of Sustainable Food from the Ocean...
Airtel Uganda Launches Network as a Service (NaaS), Powered by Cisco.
New enterprise solution empowers businesses to focus on growth, not infrastructure
Businesses report best conditions in nearly two years
KAMPALA, Uganda — Uganda’s private sector saw its best business conditions in almost two years this May, fueled by robust customer demand and increased activity. The Stanbic Bank Purchasing Managers’ Index (PMI) hit 56.4 in May, up from 55.3 in April, significantly above the 50.0...
Kasaija directs UDB to expand reach, bolster job creation
KAMPALA, UGANDA– Matia Kasaija, the Minister of Finance, Planning, and Economic Development, has urged the Uganda Development Bank Ltd (UDB) to establish more branches across the country— aiming to bring essential financial services closer to the Ugandan populace.
RCOE-ESA Unveils Map Book to Boost Conservation in Eastern and Southern Africa
RCOE-ESA Unveils Map Book to Boost Conservation in Eastern and Southern Africa RCOE-ESA launches a new Map Book in Nairobi to boost data-driven conservation and sustainable planning across 24 Eastern and Southern African countries. NAIROBI, Kenya — The Regional Centre of Excellence for Biodiversity, Forests,...
Tanzania national debt grows, tighter fiscal measures urged
Tanzania national debt is growing and economists are urging tighter fiscal measures to stay safe. This comes as the country tables its national budget at $21.6 billion for the 2025/26 financial year which is an increase of 14.35 per cent from the previous one.
Marriott and Hilton growth blueprint signals new era of Africa’s hospitality industry
Marriott unveils plans to add more than 50 hotels and 9,000 rooms by the end of 2027. Hilton seeks to triple its African portfolio to more than 160 hotels, opening over 100 new hotels in the coming years and creating approximately 18,000 jobs. Job creation,...
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