Opening a restaurant is a dream that many people share, but only a few are able to turn it into a successful reality. The restaurant industry is known for being...
Not every entrepreneur faces the same barriers. While some struggle to access financing, others—like Ian Clarke—have found ways to navigate the system and unlock new opportunities. After stepping away from...
For three decades, the mobile phone has been an evolving cornerstone of Uganda’s landscape, consistently defying obsolescence. Far from being a mere communication device, it has seamlessly integrated into the…
Diana Nabukenya Adeyemi, Co-founder and CEO of Richland Foods Ltd, is the trailblazing entrepreneur behind the Yo ‘Nyama brand — a fast-growing network of halal butchery kitchens in Uganda. Her...
Pebuu Africa and Hamilton Telecom are set to enter into a strategic partnership. Hamilton will leverage Pebuu’s nationwide presence and footprint to advance digital transformation in the distribution and retail management of the telecom products and services offered by its subsidiary, Paxtel Telecom, to underserved communities across Uganda. “This move marks a significant point in our journey of transforming local communities across Uganda through improved access to digital services in finance, telecommunications and retail distribution – by modernizing last mile access through technology solutions at scale,” noted the CEO of Pebuu Africa, Mr John Paul Ssemyalo, during the initiation meeting…
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Mr. Arthur Mukembo, is the Lead at Future Lab Studio. He says he is driven to make things better, even if it is by a few adjustments. From real estate to incubating innovators, the lover of music and good food is making his mark. He spoke to the CEO East Africa Magazine’s Imani Kisakye on the innovation status in Uganda and how the Innovation Village is empowering Uganda’s innovators. What drives you?I’ve always been uncomfortable with the status quo, especially when it doesn’t make logical sense. My mindset constantly asks, “Is there a better, more efficient way to do things?”…
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Barbara Mutabazi is a ground-breaking innovator dedicated to promoting the economic empowerment of youth, especially girls and women. She does this by encouraging greater youth participation in Uganda’s technology sector, and actively contributing to the budding IT innovation and entrepreneurship sector of the country. She believes that if one builds something people need, they do not have to look for clients as the products markets itself. Mutabazi, therefore, urges people to spot a need and build a solution. That is what she is teaching young people about. She is a co-founder and Director of Hive Colab, a business accelerator and…
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Agriculture is a cornerstone of Uganda’s economy, significantly influencing both employment and GDP. The sector employs approximately 70% of the population, with estimates suggesting that up to 72% of the workforce is engaged in agricultural activities, including farming, forestry, and fishing. This high level of employment is particularly crucial in rural areas, where about 76% of the population resides. Agriculture serves as the primary source of livelihood for many, especially for younger individuals entering the workforce, with three-quarters of those aged 15 to 24 finding their first job in this sector. In terms of economic contribution, agriculture accounts for about…
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I visited the Victoria University website to make a few inquiries at around 4 AM in the early morning. When the page finished loading, I saw an AI assistant called Conan. Conan and I exchanged over ten messages as I inquired about Victoria University’s courses, tuition and study modes. At the end of the conversation, I had got what I wanted without speaking to a single human being. This is customer service in 2024, with businesses, nonprofits and organisations all turning to AI to answer customer queries and accumulate leads. The integration of artificial intelligence (AI) into customer service and…
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In a move that sparked widespread controversy, the Kenyan government recently announced a $2.047 billion deal with Adani Airport Holdings Ltd., an Indian conglomerate founded by Gautam Adani, to expand and operate the Jomo Kenyatta International Airport (JKIA) for 30 years. The deal, known as a “build, operate, transfer” agreement, would see Adani invest in upgrading the airport’s infrastructure, including constructing a new passenger terminal, improving taxiways, and potentially building a second runway. The agreement was approved by the Kenya Airports Authority (KAA) despite experts advising the government to put out a public tender for the expansion project. Instead, the…
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As the world continues to evolve, the advent of artificial intelligence (AI) has sparked a transformation across various sectors, including healthcare, agriculture, and education. As Ugandans embrace and understand AI more with each passing day, the question arises: what do leading AI platforms think about the country’s potential and challenges? In this exploration, I engaged with Meta AI, Perplexity AI, and ChatGPT to uncover their perspectives on what they think about Uganda’s economic performance, potential and whether we will become a middle-income country by 2050. Question 1: What Do You Know About Uganda? META AI: Uganda, located in East Africa,…
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The Rwandan government has renewed its commitment to promoting electric mobility by extending the zero-rated import duty on electric and hybrid vehicles until the end of the fiscal year 2024/25. This decision, announced by the Ministry of Finance and Economic Planning, aims to accelerate the transition to electric vehicles (EVs) and reduce greenhouse gas emissions. Rwanda first introduced the zero-rated import duty on electric vehicles in April 2021 during a cabinet meeting held on April 15. This initiative was part of a broader strategy to enhance electric mobility in the country, which included various incentives for electric vehicles, plug-in hybrids,…
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Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for Q2 2024 stood at $36.5 million, marking a significant decline of 25% from the previous quarter and 17% from the same period last year. This downturn is reflective of broader economic challenges, particularly currency devaluations in key markets like Nigeria and Egypt, which have adversely impacted both purchasing power and operational stability. Financial Performance Overview. Jumia’s Gross Merchandise Value (GMV) also showed a decline, falling to $170.1 million in Q2…
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As Uganda’s population increasingly embraces the digital age, the country’s internet landscape is undergoing a significant transformation. The once-dominant players, Airtel and MTN, now face stiff competition from a growing number of internet service providers (ISPs) offering a diverse range of solutions to meet the evolving needs of Ugandan homes and businesses. The fibre optic market, in particular, has seen a surge in activity, with established players like Liquid Telecom, Zuku, and Simba Telecom joined by newcomers such as Canal Box and Sprint. These ISPs are leveraging the power of fibre technology to deliver high-speed, reliable internet connectivity to an…
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