Category: Business

The aim is to terminate parallel forex markets, rein in money laundering activities and address the banking sector’s weaknesses and vulnerabilities.

The High Court in Hoima ruled on December 8, 2023 that the families’ compensation be deposited in court, to be processed after TotalEnergies E&P (U) BV has taken over the land. The French company is acquiring the land on behalf of the Ministry of Energy.

Umeme, which is cross-listed on the Nairobi and Uganda securities exchanges, has cumulatively paid out a total of Ksh14.62 billion (Ush359.8 billion - $95.4 million) in dividends since 2018, making it one of the top dividend-paying firms in regional exchanges.

Mr Banga said this in Zanzibar at an IDA mid-term review meeting. IDA is the part of the World Bank Group that helps the world’s poorest countries, 39 of which are in Africa.

The country has Africa's only nuclear power station but the Koeberg plant near Cape Town is currently only working at half capacity.

Maziwa, the non-operating holding company incorporated in Mauritius, has applied to the Comesa Competition Commission to acquire a 100 percent stake in Highland Creamers & Food Limited— a Kisii-based firm that started operations in 2015 and is behind the Farmily Milk brand.

The move temporarily eases Ethiopia's financial burden as it seeks a wider funding program.

The Finance Committee turned away top Huawei managers after they failed to explain why the state waived millions of dollars due to the Kenya Revenue Authority (KRA). Huawei Technologies (Kenya) director for enterprise Kevin Wen, appeared before the committee that is inquiring into the circumstances...

Development economist Christopher Adam, who has studied the exchange rate policies of African countries, answers some key questions.

Museveni made the plea on Wednesday during a meeting with a delegation from the National People’s Congress (NPC) of China, led by the standing committee's Deputy Chairman Luosang Jiangcun at state house Entebbe.