This April, Rwandans in Rwanda and the world over commemorate 30 years (Kwibuka30) after the ghastly genocide in which more than 1,000,000 Tutsi, were killed. But like the Rwandan President...
Stanbic Bank Uganda, Uganda’s largest bank and a subsidiary of the Standard Bank Group, Africa’s largest banking group has said that it is still doing its own due diligence on...
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...
Pius Ngugi is one of the wealthiest Kenyans. He was born in Kiambu on March 8, 1944. He is a proud polygamist and is married to Josephine Wambui Ngugi and...
The Anti-corruption court presided over by Her Worship Esther Asiimwe yesterday January 10th remanded Tarus Stephen Kipkiyeny to Luzira prison up to 18th January 2023 over falsification of export documents....
Many African tax authorities have weak capacity to raise revenue. From 1990 to 2020, sub-Saharan African countries on average collected only about 12%-15% of GDP as taxes, a much lower…
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…
Uganda is often called a small market. Despite having a population of over 40m, the purchasing power is relatively low. As a result, it is imperative for startups and other…
Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…
Uganda has been a hotbed for cryptocurrency scams, largely due to the legal ambiguity surrounding the use of digital currencies. The country has had its fair share of crypto scams,…
Safaricom Ethiopia has announced the appointment of Wim Vanhelleputte as its new Chief Executive Officer, effective from September 1st, 2023. Vanhelleputte, the former CEO of MTN Uganda, will succeed Anwar…
African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding…
Kenyan President Uhuru Kenyatta on Monday commissioned the Kisumu Railway Station, expressing optimism that the rail transport will boost Kisumu’s status as an economic hub in the western region. Kenyatta…
Centenary Group, owners Uganda’s oldest and largest indigenous financial entity, Centenary Bank, received incredible appeals from over 200 business leaders at the ongoing South Sudan – Uganda Business Forum to…