By H.E Deborah R. Malac Today is Human Rights Day and the final day of the 16 Days of Activism Against Gender-Based Violence. It’s a day to remind us that everyone must play a vital role in championing human rights and protecting those in need. Children are the most vulnerable among us, completely dependent on others for their needs and protection. This makes children the most likely to suffer violence and human rights abuses, often at the hands of those on whom they depend the most. Uganda has an appallingly high incidence rate of violence against children. The Uganda Violence…
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According to the Tourism Sector Annual Performance Report FY2017/18), 80% of Uganda’s tourist arrivals are from Africa with Rwanda and Kenya sharing 31% and 24% respectively. Outbound tourism from Africa to the rest of the world, has been growing from 9.8 million in 1990 to 42.1million in 2017, according to UNWTO 2018 Tourism Highlights). Again, according to United Nations World Tourism Organisations (UNWTO), the largest majority of international travel takes place within travellers’ own regions (intraregional tourism)- 4 of 5 tourists travel within their own region. As such Africa remains a strategic tourist market for Uganda.
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By Okettayot Vincent Okema Within the framework of the Second Industrial Development Decade for Africa (1991-2000), the United Nations General Assembly in 1989 proclaimed 20th November “Africa Industrialization Day”. A day observed to raise awareness about the importance of Africa’s industrialization and the challenges faced by the continent. Industrialization will help African countries achieve high growth rates and diversify economies; substantially contributing to poverty eradication through employment and wealth creation. As we celebrate this day we give cognisance to the growing youth unemployment problem that is causing serious political, economic, and social challenges to African countries and their leadership. Uganda…
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In the face of high cost of financing especially in Sub-Saharan Africa and the relatively short term nature of commercial bank financing, capital markets become a considerable way of raising growth capital from the vast and growing pools of patient capital that exist regionally and globally- Keith Kalyegira, the CEO of Capital Markets Authority (CMA) writes. However entrepreneurs in need of this expansion capital must be ready to raise their level of compliance with good corporate governance practices as required by prospective investors.
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Absa Bank Uganda, a subsidiary of Absa Group Limited has today received the license to operateand trade under its new name from Bank of Uganda. Formerly known as Barclays Bank Uganda, the name change marks the start of a new era for the bank’s operations, one that sees the realisation of an ambition to become an independent African bank. The license was officially handed over to the bank’s Managing Director, Nazim Mahmood by Prof. Emmanuel Mutebile, Governor, Bank of Uganda at the Central Bank head office. “Today we begin a new chapter as Absa Bank Uganda Limited, adopting our parent…
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The Minister of Finance, on recommendation of the Fund Management Board, has appointed Eng. Naimanye Appointed Acting ED of Uganda Road Fund effective 1st November, 2019. Eng. Naimanye takes over from Dr. Eng. Michael Odongo who has retired after 10years of service since the Fund’s inception in 2010. Eng. Andrew Naimanye, Acting ED of Uganda Road Fund According to section 19 of the URF Act, 2008, the Executive Director shall hold office for five years and is eligible for re-appointment for one more term. Section 17 of the same Act however says that the Executive Director shall be appointed by…
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France, according to the Private Sector Investment Survey Report (PSIS) 2018 by Bank of Uganda, Uganda Bureau of Standards (UBOS) and Uganda Investment Authority (UIA) is among Uganda’s top 10 sources of Foreign Direct Investment (FDI), registering UGX531 billion worth of investments in 2017, up from UGX463 billion in 2016. According to the United Nations Conference on Trade and Development (UNCTAD) on the basis of FDI stock data through 2017, France continues to be the largest foreign investor in Africa.
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HiPipo, through its Include Everyone program recently honoured ‘Kenya’s Bill Gates’ – Kamal Budhabhatti with the Africa FinTech CEO of the Year award. This prestigious accolade was presented to Kamal Budhabhatti during the 2019 Include Everyone Summit and Digital Impact Awards Africa held on 20th September 2019 in Kampala, Uganda and attended by over 300 delegates from across Africa. According to HiPipo CEO, Innocent Kawooya, “the Africa FinTech CEO of the Year award goes to an outstanding Chief Executive/Managing Director who has created or spearheaded cutting edge innovation, a FinTech leader who may have taken a calculated risk and the…
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The five blocks are available to potential applicants after going through the prequalification stage successfully. The entry into the prequalification stage is subject to prior payment of a non-refundable application fees of $20,000. Uganda’s Second Licensing Round was launched on 8th May 2019 at the 9th East African Petroleum Conference and Exhibition in Mombasa, 2019. Five prolific blocks all located in the Albertine Graben are now available to potential investors. The five blocks are; (i)LR2_2019_Block01 (Avivi) covering 1026km2, (ii) LR2_2019_Block02 (Omuka) covering750km2 (iii) LR2_2019_Block03 (Kasuruban) 1285km (iv) LR2_2019_Block04 (Turaco) covering 637km2 (v) LR2_2019_Block05 (Ngaji) covering 1230km2 The licensing process has…
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Equity Group Holdings has launched a new brand identity. The Group has unveiled a new unified brand identity, signalling its next frontier in delivering a seamless customer experience across markets and across demographic segments. Speaking when unveiling the new identity in Nairobi, Equity Group Managing Director and CEO Dr James Mwangi said, “The new identity matches the new realities, business model, customer segments and preferences, and the evolving digital space. It has preserved the essence of the Group’s brand retaining the best heritage from the past, while introducing the best of the future”. Equity maintains that the fresh identity…
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