Uganda: Latest News

  • What Economic Headwinds? Hotel Construction Is Booming In Sub-Saharan Africa

    Construction of New Hotels By Kevin Mwanza, 10:53 am

    The hotel industry will enjoy a boom in sub-Saharan Africa in the next three years, with East Africa leading the growth that will see about $3.6 billion worth of investment into the sector in the next two years. Tourism, diplomatic and non-governmental activities in the East African nations of Kenya, Rwanda and Ethiopia are leading the growth.

  • Nigeria, Egypt And Cote D’Ivoire Win Opening World Cup Qualifiers

    World Cup Qualifiers By Peter Pedroncelli, 5:23 am AFKI Original

    The third round of African World Cup qualifiers began this past weekend, with the 20 teams from the continent left with a chance of securing one of the five spots allocated to Africa in action throughout the continent. Drawn into five groups of four teams each, with the winner of the group after a round-robin format qualifies for Russia 2018.

  • Ethiopia Could Overtake Kenya This Year As Top East African Economy

    Ethiopia could overtake Kenya By Staff, 12:01 am

    Ethiopia’s economy is expected to overtake Kenya’s this year, buoyed by massive government spending on infrastructure. The IMF estimates Ethiopia’s GDP will grow to $69.21 billion this year, narrowly edging out Kenya’s at $69.17 billion. Kenya is viewed as more democratic than Ethiopia, where authoritarian rule is marked by crackdowns on the press and its own citizens, such as the Oromo. Kenya also has a more open economy, while Ethiopia closes most sectors of its economy to foreign investors.

  • Uganda’s ‘Aboke Girls’ Still Rejected 20 Years After Kony Abduction

    By Staff, 11:43 am

    The mid-1990s were the years when the Joseph Kony’s Lord’s Resistance Army (LRA) was at its height. They attacked villages, towns and schools in northern Uganda and forcefully recruited up to 60,000 young boys and girls to fight for them. “We had heard rumors and we had gone out of school to sleep in the villages,” remembered Eunice Achiro a schoolgirl at the time. “But that day, I think the administration decided this time we won’t go to the villages. After all nothing will happen.”

  • Why African E-health Companies Are Becoming World Leaders

    By Tom Jackson, 4:59 am AFKI Original

    Last month’s Frost & Sullivan report, Enabling eHealth Technology in South Africa, Kenya and Ghana, painted a glowing picture of the e-health space on the continent. From telecoms to startups, many firms are capitalising on the increasing advancements in ICT to improve healthcare delivery, with South Africa, Kenya and Ghana ahead of the game. “The total eHealth market for South Africa, Kenya and Ghana is in a nascent stage with expectations of high long-term growth,”

  • For U.S. Soldiers Based In Djibouti, Africa Is A ‘Leadership Lab’

    U.S. soldiers based in Djibouti By Dana Sanchez, 9:50 pm

    For ambitious young U.S. soldiers seeking leadership, a deployment in Africa is hard to beat. And that means being based in Djibouti. Djibouti’s status as a stable country in an otherwise volatile region is an asset worth millions of dollars in rent. Djibouti enjoys a lucrative role as a landlord. The U.S. pays $63 million a year to rent its base at Camp Lemonnier. China is building a base 8 miles away, and will be paying $100 million for theirs.

  • South Africa’s FirstRand Group Eyes Undervalued Assets In Nigeria

    By Kevin Mwanza, 7:58 am

    FirstRand Limited, a South African bank and the leading lender by market value on the continent, plans to buy assets in Nigerian, as it seeks to capitalize on the global fall in commodity prices that has pushed down asset valuation in Africa’s biggest economy. The plan comes five years after the lender decided against buying majority shares in Sterling Bank Plc because of high prices in shares. Naira, the national currency fell to a record low of 309 against the dollar, in July further lowering asset valuation in the nation.

  • 10 African World Cup Qualifying Matches Coming This Weekend

    African World Cup qualifying By Peter Pedroncelli, 7:23 am AFKI Original

    The third round of African World Cup qualifying is upon us, with 20 teams from the continent left with a chance of securing one of the five spots allocated to the African continent. This weekend will see the opening matches of the third round group stage. Here are 10 African World Cup qualifying matches to look out for this coming weekend.

  • Aviation Pioneer Rwanda Expands Airline Fleet While Others Cut Back

    Rwanda expands airline fleet By Dana Sanchez, 3:18 pm

    Rwanda, with the world’s first drone port under construction, also has a new international airport planned and recently took possession of its first wide body aircraft — an investment expected to open up new markets. RwandAir has its eye on the U.S., Europe and Asia, with 25 targeted destinations by 2018. The 7-year-old airline has yet to turn a profit, but the government plans to build a new airport to accommodate four times more passengers than Kigali can handle.

  • Where Are The Private Equity Buyers In Sub-Saharan Africa Buyer’s Market?

    private equity buyers in sub-Saharan Africa By Kurt Davis Jr., 1:34 pm AFKI Original

    African private equity deals fell to $2.5 billion in 2015, compared with $8.1 billion in 2014. Fundraising and transactions are expected to be down further in 2016. It is time to buy for 2017. Market expectations are low in some places, so asset prices are low. Logistics and financial services – going against the past market movement – are huge opportunities if you can buy in at low asset prices and ride the unavoidable African rebound in the next year and beyond.

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