Uganda has moved up to third position in Africa’s financial markets rankings, overtaking Nigeria and consolidating its position as the leading financial market in East Africa. According to the Absa Africa Financial Markets Index 2025, Uganda now ranks behind only South Africa and Mauritius on the continent, marking a significant shift in Africa’s financial markets hierarchy and underscoring the impact of sustained, multi-year reform across all six pillars of market development. This upward movement reflects a long reform trajectory that has prioritised institutional credibility, market openness, and resilience over scale. Uganda’s composite score of 66 places it ahead of Nigeria,…
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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 officials describe as part of aligning the foreign service with President Donald Trump’s “America First” agenda. The recall notably includes ambassadors serving in Uganda, Rwanda and Nigeria, among other nations. Multiple news sources indicate that the U.S. State Department has begun issuing formal notifications to chiefs of mission in at least 29 countries, informing them that their tenures will end in January 2026. The affected diplomats, most of whom were…
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Rwanda’s continued commitment to environmental protection has led to the promulgation of Law nº 010/2025 of 27/05/2025 establishing an environmental levy on imported items packaged in plastic materials (the “New…
The African Tax Administration Forum (ATAF) has appointed the former Commissioner General of Rwanda Revenue Authority, Ms. Mary Baine as its new Executive Secretary, effective 1 July 2025. Ms. Baine succeeds Mr. Logan Wort, who has served as ATAF’s Executive Secretary since its establishment in 2009. ATAF) is a platform that brings together African tax administrations to work towards promoting efficient and effective tax systems that contribute to the sustainable development of African nations. Ms. Baine brings a wealth of leadership experience and a deep commitment to advancing fair, effective, and inclusive tax systems across the African continent. Before this…
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Rwanda’s ongoing dedication to financing its national development goals through tax law reforms has resulted in the promulgation of Law nº 011/2025 of 27/05/2025 establishing the excise duty (the “New…
The European Patent Office (EPO) has selected two Ugandans as part of the top 10 global innovators for the first standalone edition of the Young Inventors Prize 2025. Sandra Namboozo and Samuel Muyita, who created Karpolax, a biodegradable sachet that extends the shelf life of fresh produce by slowing down fruit ripening, reducing food waste and supporting smallholder farmers, are among the top 10 innovators – known as Tomorrow Shapers are under 30 – were selected from over 450 candidates by an independent jury, with their work showcasing the transformative power of technology in addressing global challenges. The two, who…
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Airtel Africa has struck a deal with SpaceX to bring Starlink’s high-speed satellite internet to its 14-country footprint with the agreement set to initially focus on nine countries. Currently, SpaceX has acquired requisite licenses in 9 out of 14 countries within Airtel Africa’s footprint including; Nigeria, Chad, Kenya, Zambia, Malawi, Rwanda, Niger, Madagascar, and the Democratic Republic of Congo. Operating licenses for Uganda and the other 4 countries are under process. The collaboration leverages Starlink’s constellation of Low Earth Orbit satellites and Airtel’s entrenched customer network of over 163 million subscribers. Starlink, licensed to operate in the nine rollout countries,…
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The Democratic Republic of Congo (DRC) has become the fifth East African member state to officially authorise Starlink to operate as an internet service provider in the country, marking a significant step toward expanding internet access nationwide. DRC joins the ranks of Kenya, Rwanda, South Sudan and Burundi where Starlink is currently operating as a satellite internet service. In a press release issued by the Regulatory Authority of Posts and Telecommunications of Congo (ARPTC), the government confirmed that it had granted a telecommunications license to Starlink DRC S.A., a Congolese-registered entity of the global satellite internet provider. The decision follows…
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MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements. In a joint statement published…
Leading African private equity firms Alterra Capital backed by Nigerian Billionaire and Africa’s richest man, Aliko Dangote, and Phatisa- an equity firm, have signed agreements to acquire 100% of Java House Africa, from UK’s emerging-market investor Actis, for an undisclosed sum. A statement released by the two equity firms yesterday notes that the investment marks a significant milestone in Java House’s growth journey, reinforcing its position as a category leader on the continent. Founded in 1999, Java House has grown into a household name, offering high-quality coffee and a diverse menu to customers across Kenya, Uganda, and Rwanda. The company…
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