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…
African Development Bank President Dr. Akinwumi A. Adesina has declined calls to stand for Nigerian President saying he remains fully engaged to the mission of developing Africa. He, in a statement, however, a acknowledges the goodwill, kindness and confidence from well wishers who would have wanted him to contest of Nigeria’s highest office. Below is the full statement: I have been extremely humbled by several calls from Nigerians at home and abroad that I should consider running for the office of the President of the Federal Republic of Nigeria.I am very touched by all who have gone to great extent,…
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Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses (MSMEs) from all sectors of the economy including climate-smart businesses. The partnership has seen IFC and its partners including the Dutch Development Bank (FMO), British International Investment (BII) and Symbiotics, ResponsAbIility from Switzerland commit US$165 million (approx. Kes 19 billion) towards Equity’s `Africa Recovery and Resilience Plan’ that will see the Group, through its regional banking subsidiaries, finance at least 5 million MSMEs and 25 million households therefore creating 50 million…
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The Central Bank of Nigeria (CBN) offered a final approval to Airtel Africa Plc, a subsidiary of Indian telecom giant Bharti Airtel to operate mobile money services in the country. Nigeria is Airtel’s biggest market on the continent and 40% of group revenue comes from the West African nation. The firm which has been operating on a provisional authorisation had applied for a Payment Service Bank (PSB) licence through SMARTCASH Payment Service Bank Limited. Airtel Africa sells its shares on the Nigerian Exchange (NGX) Limited. Having secured all the requirements, the banking industry regulator in Nigeria has now given the…
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Uganda has been elected as the new Bureau for the African Union (AU’s) Specialized Committee on Social Development, Labour and Employment, a position that accords the country a higher profile in running the sectoral affairs at the African Body. The leadership tenure spans two years. The Minister for Gender, Labour and Social Development, Amongi Betty Ongom, on behalf of Uganda, assumed the seat on Thursday during the 4th Ordinary Session of the committee held at the AU headquarters in Addis Ababa, Ethiopia. The committee, which reports directly to the AU’s Executive Council, is charged with promoting and developing cooperation amongst…
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Increasing exploration activities in 2022 and onwards is a top priority for African hydrocarbon producers as they seek to expand production and establish the continent as an energy hub. According to the African Energy Chamber (AEC) Q1 2022 Outlook, “The State of African Energy,” supply from legacy oil and gas fields across Africa is diminishing, resulting in a decline in production by African hydrocarbon producing countries, and creating a dire need for the increase in exploration activities. Enhancing exploration will be critical for Africa to address energy poverty and establish itself as a global energy hub. The report highlights that…
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The coalition for a sustainable and inclusive recovery of the private sector an international group of 20 development finance institutions that came together in 2020, today announced commitments of over USD 5.55 billion of financing to small and medium size enterprises (MSMEs) in Africa between mid-2020 and end of 2021, beating their set target of USD 4 billion over the period.The coalition said it had exceeded its initial target by 40 percent, while DFIs jointly committed over US$5.55 billion of financing of MSMEs in Africa over the period.At the first Finance in Common Summit in November 2020, the EDFI Association, on behalf…
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The head of the African Development Bank Group, Dr. Akinwumi A. Adesina, on Wednesday joined Tanzanian President Samia Suluhu Hassan to formally launch the construction of the landmark Dodoma City Outer Ring Road project. Hundreds of local residents gathered to witness the occasion in the country’s capital, Dodoma. They waved the Tanzanian flag and jubilated as the two leaders laid the foundation stone. The 112.3-kilometer road project, largely funded by the African Development Bank, forms part of the Trans-African Highway Corridor that links Cape Town to Cairo via Dodoma, crossing the Central Corridor via Dar es Salaam to the interior…
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South African President Cyril Ramaphosa has appointed former Absa Group chief executive and Deputy Governor of the South African Reserve Bank Daniel Mminele as head of the newly established Presidential Climate Finance Task Team. In this role, Mminele will lead South Africa’s efforts to mobilise finance for a just transition.On 2 November 2021, the South African government announced an historic partnership with the governments of France, Germany, the United Kingdom and the United States, as well as the European Union, to support a just transition to a low carbon economy and a climate resilient society in South Africa.In line with the…
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Leading African economies that have struggled to improve their infrastructure, business conditions and overall competitiveness are generally performing better against other emerging markets in areas that measure their digital skills and sustainability.That’s one of the findings of the 2022 Agility Emerging Markets Logistics Index, a ranking of the world’s 50 leading emerging markets.Kenya ranks No. 28 in the overall Index but is 17th in digital readiness. South Africa, No. 24 overall, is 21st in digital readiness. Likewise, Ghana is 32nd overall and 23rd in digital readiness.The Index, now in its 13th year, ranks countries for overall competitiveness based on their logistics strengths, business climates and,…
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The National Information Technology Development Agency (NITDA) has recognised Cellulant Nigeria among the 2020-2021 NDPR Audit Compliant Organisations. NITDA was created in April 2001 to implement the Nigerian Information Technology Policy and coordinate general IT development. The Nigeria Data Protection Regulation (NDPR), issued in January 2019 under Section 6 (a,c) of the NITDA Act 2007, is the current national law on data protection in Nigeria. It applies to public and private sector processing of personal data within and outside Nigeria.The recognition demonstrates Cellulant’s commitment to protecting its customers’ personal information and availing them of the opportunity to exercise their rights…
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