Can Africa replace king dollar with gold as Its primary store of value?
Share FacebookTwitterLinkedInPinterestEmail As more countries choose gold over dollar for national reserve, Tanzania is requiring all miners to remit 20% of their gold output. This is part of Tanzania’s shift from U.S. dollar reserves system to the precious mineral since creating it’s national gold reserve last...
Search for credit: Borrowers register 10,730 securities worth UGX 16 trillion with URSB
FinanceIndustry & AnalysisThe Big Story Search for credit: Borrowers register 10,730 securities worth UGX 16 trillion with URSB by Paul MurungiMarch 12, 2025March 12, 2025 Share Tweet Pin it Share Email More URSB Registrar General, Mercy K. Kainobwisho Uganda Registration Services Bureau (URSB) registered a...
Uganda rolls out red carpet for top influencers to promote the country to French and Spanish speaking tourists
Uganda rolls out red carpet for top influencers to promote the country to French and Spanish speaking tourists The influencers, who are part of TANKE, a Paris-based creative influencer marketing agency, will visit iconic sites such as Bwindi Impenetrable Forest for gorilla trekking, Queen Elizabeth National...
Kenya’s Controller of Budget calls for urgent reforms to curb $77.3M debt
Share FacebookTwitterLinkedInPinterestEmail Controller of Budget Margaret Nyakang’o said the public debt stock increased by 3% from KSh10.58 trillion as of June 2024, to KSh10.93 trillion as of December 2024. Nyakang’o said major funds, including the Housing Fund, the Railway Development Fund, and the Petroleum Levy,...
Nigerian Billionaire Aliko Dangote’s backed investors take over Java House restaurant chain
East AfricaLifestyleNews & AnalysisThe Big Story Nigerian Billionaire Aliko Dangote’s backed investors take over Java House restaurant chain by Paul MurungiMarch 11, 2025March 11, 2025 Share Tweet Pin it Share Email More Leading African private equity firms Alterra Capital backed by Nigerian Billionaire and Africa’s...
Shell Lugogo service station reopens with enhanced services
Shell Lugogo service station reopens with enhanced services Joanita Mukasa Menya, Managing Director of Vivo Energy Uganda, addresses guests at the reopening of the newly refurbished Shell Lugogo Service Station in Kampala, Uganda. KAMPALA, UGANDA — The Shell Lugogo Service Station in Kampala reopened Tuesday,...
Trump cuts: Africa does not want aid, it needs debt relief
Share FacebookTwitterLinkedInPinterestEmail International aid and loans to Africa are based on a false (mathematical) statement; Africa needs development aid – False. Net financial flows to African countries dropped 18% (2020/22) -True. Africa paying more to service debts than development aid it recieves – True. U.S....
Ugandans urged to diversify investments with treasury bills and bonds
Ugandans urged to diversify investments with treasury bills and bonds KAMPALA – Financial experts in Uganda are urging individuals to diversify their investment options, citing treasury bills and bonds as viable alternatives to traditional savings methods. During a session hosted by PostBank Uganda on its...
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