Ugandans applying for temporary visit and tourism visas to the United States of America will now be required to post a visa bond, following a new policy introduced by the…
In a sweeping diplomatic shake-up that has resonated across continents, the Trump administration is recalling nearly 30 U.S. ambassadors and senior career diplomats from posts around the world, a move…
Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition…
A November 2025 RMB white paper titled Continent at a Crossroads has warned that Africa is entering a decisive decade. The choices governments, firms, and regional blocs make will determine…
How do you rate Uganda’s performance with MTN’s continental portfolio, both in digital adoption but also returns, compared to other African markets? Yes, as MTN, we are operating in 16…
Airtel Africa today has launched, Nxtra by Airtel (“Nxtra”), a new data centre business founded on what the telco says is a “commitment to meet the continent’s growing needs for trusted, and sustainable data centre capacity and to serve the fast-growing African digital economy”. In a media statement, Airtel Africa said, “Nxtra aims to build one of the largest network of data centres in Africa with high-capacity data centres in major cities located strategically across Airtel Africa’s footprint, complementing its existing edge sites”. “Nxtra’s ambition will allow it to serve the growing need of African enterprises and its data centre…
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The board of directors of the African Development Bank Group has approved a loan of $252.83 million to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The board made the approval in a meeting in Abidjan, Ivory Coast on December 1. The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from the African Development Fund, the Bank Group’s concessional loan window. “The Laropi-Moyo-Afoji/Katuna-Muko-Kamuganguzi road project is intended to improve rural transport connectivity and facilitate regional integration in the districts of Kabale, Rubanda, and Moyo, in Uganda. It will boost…
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Investment migration consultancy Henley & Partners has published its annual ranking of African cities with the most wealthy residents in its Africa Wealth Report, in collaboration with New World Wealth. The report provides a comprehensive review of private wealth in Africa, including trends in high-net-worth individuals, luxury and wealth management, as well as expert insights on investing in Africa, the migration sector investment and economic mobility on the continent. The following ranking is based on the number of millionaires (in US dollars) living in these cities: 1. Johannesburg (14,600) The city of Johannesburg, established during the Witwatersrand Gold Rush of…
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Airtel Africa registered strong growth, margin expansion and cash generation, despite foreign exchange headwinds in Nigeria, the company results for the financial half year which ended on September 30, show. According to the results, the company’s revenue in Nigeria grew by 23% in constant currency, driven by growth in voice, data, and mobile money usage. Airtel Africa’s customer base in Nigeria also grew by 7.8% to 59.8 million, while its mobile money customer base grew by 19% to 36.5 million. Olusegun Ogunsanya, Group Chief Executive Officer of Airtel Africa said he was pleased to report a strong operating performance for…
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The travel and tourism sector in Africa could add $168 billion to the continental economy and create 18 million jobs by 2033, a new report has revealed. The report was unveiled at the global summit organised by the World Travel & Tourism Council (WTTC) in collaboration with VFS Global in Kigali, Rwanda recently. According to the report, ‘Unlocking Opportunities for Travel & Tourism Growth in Africa’, this potential growth is dependent on three key policies to unlock annualised growth of 6.5%, reaching a contribution of more than $ 350 billion. The report includes a policy package focused on improving Africa’s…
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WPP has appointed Lindsay Pattison as Global Chief People Officer,with responsibility for the company’s people strategy and operations. Lindsay succeeds Jennifer Remling, who is leaving to become Chief People Officer at Warner Bros. Discovery. Lindsay is currently WPP’s Global Chief Client Officer, leading WPP’s relationships with itsmajor clients – a role she has held since 2018. Prior to that, she held a number of leadership roles at WPP, GroupM andmedia agency Maxus. Lindsay has been a passionate advocate for talent throughout her career and will bring this passion and her business and client experience to the role of Global Chief…
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British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform. AFEX currently operates over 200 warehouses in Nigeria, Kenya, and Uganda and serves over 450,000 farmers. The investment will support structural improvements in Africa’s agricultural industry, which will significantly benefit smallholder farmers and lead to improvements in food security. BII’s investment will be used to build 20 modern warehouses in strategic locations in Nigeria, Kenya, and Uganda. Its capital will also scale warehouse technology and next-generation software that captures post-harvest pricing. Smart storage solutions have…
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Uganda fell nine places to 107th (14th in Africa) in the 2023 Digital Quality of Life Index from 98th in 2022. The Digital Quality of Life (DQL) Index is a comprehensive study that provides a deep dive into the various elements that shape a nation’s digital well-being. It serves as a critical tool for identifying areas that require immediate attention and future enhancement to improve the digital experience of citizens. The fifth edition of the DQL Index presents a unique lens through which to view a country’s digital quality of life. It does so by examining five key pillars: the…
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The Ugandan business ecosystem was awash with excitement when Tony Natif’s Guardian Health Pharmacy was acquired by Kenya’s MyDawa for an undisclosed amount. However, one of the biggest winners in that deal was the private equity firm, Ascent Africa which owned a controlling stake in the pharmacy chain. This deal was a major exit for a private equity firm, in a region where such milestones are rare. For those who may not understand it, the term ‘exit’ holds significant importance and is often used to denote the process through which a private equity firm or investor realizes a return on…
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In 2022, Uganda received USD 1.3bn in remittances from its diaspora community according to a World Bank and KNOMAD report. This would account for about 4.5% of Uganda’s GDP and make Uganda the 8th biggest recipient of remittances below Sudan and DRC, but ahead of Mali and South Africa. In general, remittances to sub-Saharan Africa increased by 6.1% to USD 53bn in 2022 driven by several African countries dealing with food insecurity, supply chain disruptions, severe drought (Horn of Africa), floods (in Nigeria, Chad, Niger, Burkina Faso, Mali, and Cameroon), and high youth unemployment/underemployment rates (Uganda) that force people to…
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