In yet another solid step towards its 5-year growth and expansion strategy to become the “World’s Most Respected African Bank”, Access Bank Plc has announced that it has signed a...
Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with...
International migration to rich countries is growing at the fastest pace recorded in more than 15 years, according to the Organization for Economic Co-operation and Development (OECD). The 2023 edition...
Four European Union member states — France, Germany, Italy, and Spain — join Japan and Singapore in boasting of the most powerful passports in the world, with their citizens able...
Access Bank Plc (Access), one of Africa’s largest banking groups, is set to acquire Uganda’s Finance Trust Bank, highly-placed industry sources have told CEO East Africa Magazine. Access Bank Plc,...
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…
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…
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…
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….
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…
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 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…
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…
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 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…
