Global News

Strong growth for Airtel Africa despite headwinds in Nigeria

CEO ReporterCompany NewsGlobal NewsNovember 7, 2023November 7, 2023

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….

Report: Tourism sector to add $168 bn to African economies in 10 years

CEO ReporterGlobal NewsHospitality & TourismNovember 7, 2023November 7, 2023

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…

WPP appoints Lindsay Pattison as Global Chief People Officer

CEO ReporterGlobal NewsNovember 4, 2023November 4, 2023

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…

British International Investment, AFEX sign deal to tackle food security in Nigeria, Kenya and Uganda

CEO ReporterGlobal NewsNews & AnalysisNovember 3, 2023November 3, 2023

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…

Uganda Drops Nine Places to 107th in the 2023 Digital Quality of Life Index.

Jonathan N. LubwamaBusiness & MarketsGlobal NewsLists & RankingsSeptember 30, 2023September 30, 2023

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…

Kenya Had 36 Private Equity Exits in the Last 10 Years, to Uganda’s 8.

Jonathan N. LubwamaBusiness & MarketsEast AfricaGlobal NewsNews & AnalysisSeptember 28, 2023September 28, 2023

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…

Uganda Received USD 1.3bn in Remittances from its Diaspora in 2022 According to the World Bank.

Jonathan N. LubwamaBanking & Financial ServicesBusiness & MarketsEast AfricaEntrepreneurshipGlobal NewsNews & AnalysisSeptember 28, 2023September 28, 2023

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…

43% of African Banks Identify Fintechs, Neobanks and Telecoms as Top Threats to Their Business.

Jonathan N. LubwamaBusiness & MarketsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 23, 2023May 23, 2023

43% of banks cited the rise of fintechs and challenger banks as the biggest threats to their business according to the third edition of the African Digital Banking Transformation Report…

From Vision to Reality: Steven Kakooza’s Journey to Creating Kawu – Uganda’s Revolutionary Pocket Money App.

Jonathan N. LubwamaBanking & Financial ServicesCompany NewsEntrepreneurshipExecutive ProfilesGlobal NewsTechnology & InnovationMay 15, 2023August 12, 2024

In the last week of this year’s first term, I downloaded an app called Kawu. Using the app, I was able to send pocket money to a distant relative in…

Explainer: Tech Startups are Built to Grow Fast. So Why Are the Likes of Safeboda and Copia Global Retreating from Markets?

Jonathan N. LubwamaBusiness & MarketsCompany NewsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 5, 2023September 18, 2023

Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham…