Uganda: Latest News

  • 3M Restructuring Africa Operations, Looking To Mining, Oil And Gas

    By Dana Sanchez, 2:59 pm

    U.S.-based 3M, maker of myriad consumer products, sees mining, oil and gas as potential industries for future growth in Africa, along with energy and healthcare, according to a report in NewBusinessEthiopia. Already established in Africa for 40-plus years, the company hopes to improve coverage on the continent and accelerate future growth by restructuring its business on the continent […]

  • Tanzania Abandons Tourist Tax On Lodgings; Uganda Not Budging

    By Dana Sanchez, 10:56 am

    When it comes to budgeting for tourism marketing, not all African countries are equal. The Uganda Tourism Board budgets $92,000 for marketing Uganda compared to Kenya, which invests $20 million, according to a report in AllAfrica. Tanzania and Rwanda spend $23 million and $5 million respectively to market themselves as tourist destinations, the report says. One way […]

  • Report: Tents Are Big Business In Africa

    By Dana Sanchez, 5:46 pm

    African mining operations, African safaris and African refugee camps all use tents for temporary housing, and sometimes, the need is desperate. Competition in African tent manufacturing for safaris and events has grown in the last decade with party tents taking the lead, according to a report in All Africa. In East Africa, demand for tents […]

  • Open Data Platform Increases Investor Access To Africa Info

    By Dana Sanchez, 3:53 pm

    African Development Bank’s single-platform collection, analysis and sharing of information on Africa now gives global business leaders and investors access to data on all 54 countries in the continent, according to a report at VenturesAfrica. Users will be able to extract data, create and share customized reports, and visualize data across themes, sectors and countries through tables, charts, and […]

  • Uganda Gets $103M ADB Loan Earmarked For Science & Tech Students

    By Ann Brown, 7:00 pm

    Uganda is trying to boost the number of professionals in science and technology. It is using a $103 million loan from the African Development Bank to enable six targeted Institutions of higher learning to enroll additional 35,000 students in science and technology programs at university and more than 12,000 through virtual learning, reports Saturday Monitor. […]

  • Ugandan Borrowers Shy Away From Foreign Currency Loans Over Costs

    By Ann Brown, 3:00 pm

    From Saturday Monitor The growth of Shilling denominated loans has finally taken over foreign denominated loans after two years. Following the high interest rates charged by commercial banks and financial institutions, especially on the Shilling denominated loans that rocked Uganda’s credit market, borrowers decided to switch to foreign currency denominated loans which they saw was […]

  • Ugandan Rebel Group ADF Training, Recruiting in DRC

    By Makula Dunbar, 5:47 pm

    IRIN News reported that The Allied Democratic Forces (ADF), a Ugandan anti-government group — once defeated by the Ugandan military — is now recruiting members and training for planned attacks.

  • New Report: Africa Is World’s Fastest-Growing Economy

    By Dana Sanchez, 3:16 pm

    A third of African countries have economies growing by more than 6 percent and almost half of them – 26 out of 54 – are now considered middle income countries, according to a new report by African Development Bank. This growth was driven by the private sector. Looking ahead, growth will rely on regional economic co-operation […]

  • East African Nations to Merge Stock Markets

    By Makula Dunbar, 10:11 am

    A new stock exchange for East Africa may coalesce in as little as one or two years, according to regional officials. The joint market, which would merge existing exchanges in Kenya, Rwanda, Tanzania and Uganda, would have a combined capitalization of about $31 billion.

  • Ethiopia, Djibouti Sign Renaissance Dam Power Exchange Agreement

    By Makula Dunbar, 2:42 pm

    Last Wednesday, the foreign ministers of Ethiopia (Tedrose Adhanom PhD) and Djibouti (Mohamed Ali Youssouf) signed and an agreement that would grant Djibouti power system interconnection access once Ethiopia’s Grand Renaissance Dam project reaches completion, All Africa reported.

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