Uganda: Latest News

  • Uganda Could Be 1st African Country To Regulate Digital Currencies. Bitcoin Africa: What To Expect In 2017

    Bitcoin Africa By Dana Sanchez, 4:52 pm

    Some African countries have openly criticized bitcoin use. Others have taken a wait-and-see approach. Bitcoin enjoyed a rally in 2016 that’s beaten every major currency, stock index and commodity contract, surging 15 percent during Christmas week alone. Bitcoin transactions increased more than tenfold in Kenya in 2016, according to LocalBitcoins, the world’s largest online bitcoin trading marketplace. In 2017, Uganda could be the first African country to regulate digital currencies.

  • An Adventurer’s Guide To Mount Elgon, 8th Highest Mountain In Africa

    Mount Elgon By Dana Sanchez, 11:26 am

    At 14,176 feet, Mount Elgon on the border of Uganda and Kenya isn’t Africa’s best-known mountain. An extinct volcano, it often gets overlooked on the regional adventure trail. It has one big thing going for it: It’s more suitable for beginner climbers than most other African mountains. It also has waterfalls, warm springs and lots of large caves. The Ugandan town of Mbale near the Kenyan border is the gateway to Mount Elgon.

  • 15 Wet And Wild Outdoors Activities To Do In Africa

    wet and wild outdoors activities to do in Africa By Dana Sanchez, 7:00 am

    You need a visa to visit Eritrea, and another permit to go to Eritrea’s Dahlak Archipelago, a chain of 124 small islands and two larger ones in the Red Sea near Massawa. Off the beaten path doesn’t begin to describe it. You can expect pristine beaches and unparalleled marine life with few other tourists for miles. Dahlak’s pearl fisheries have been famous since ancient times. Charter yachts can be hired for scuba diving and pearl fishing. During years of war, fishery came to a halt in the area. The unexpected result of isolation? There are lots of fish and they aren’t shy.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • Coca-Cola Pays $3.15B To Buy Out AB InBev From Their African Bottling Joint Venture

    African bottling joint venture By Dana Sanchez, 12:45 pm

    Coca-Cola and AB InBev are the world’s largest makers of soft drinks and beer, respectively. Africa is important for Coke because soft drink consumption continues to grow on the continent. Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa. With little room left for AB InBev to grow meaningfully in beer, bankers speculate the deal-hungry mega brewer may eventually move into soft drinks. That could put Coke at the top of its list.

  • Orange Signs New Sponsorship Deal With The Confederation Of African Football

    Soccer sponsors - Confederation of African Football. Tigo - Sponsor African Soccer By Peter Pedroncelli, 5:37 am

    Telecommunications giant Orange has concluded a new long-term partnership deal as official sponsors for the Confederation of African Football (CAF) flagship competition. The new eight-year deal will see the France-based company confirmed as an official sponsor of five major CAF competitions from 2017 to 2024, beginning with the 2017 Africa Cup of Nations (AFCON) in Gabon this January.

  • CAF Reveals Nominees For Various Soccer Award Categories

    Alex Iwobi - Soccer Award Categories By Peter Pedroncelli, 2:30 am AFKI Original

    While much of the focus inevitably falls on the African Player of the Year accolade, the various nominees for other soccer award categories have been revealed by CAF ahead of the gala event in January. The additional categories included Women’s Player of the Year, club and national teams of the year, coach of the year and accolades for promising young players.

  • The Economics And Logistics Of Gorilla Tourism In Uganda

    By Linda Markovina, 7:00 am

    In the Ugandan dialect of Lukiga, “bwindi” means “dark place.” A “dark place” could not be more apt to describe Bwindi Impenetrable Forest as you veer off the well-trodden path and into the jungle. With an untrained eye, you’ll probably only spot a gorilla when it’s close enough to feel its breath. Gorillas and humans are on each other’s doorsteps. The challenge? Finding ways for humans to meet their basic needs without competing with gorillas for limited resources. In Uganda, gorilla tourism contributes more than half of total tourism revenue. There are about 700 highland gorillas left in the world. About half live in Bwindi.

  • M&A Africa: Standard Bank Eyes Universal Payment Plan With Fintech Acquisition

    Standard Bank By Dana Sanchez, 11:04 am

    One of South Africa’s largest banks bought a majority stake in the team that built the country’s largest mobile payments product. Africa has the highest mobile money adoption rate in the world, but it’s hardly universal, catching on more in some countries and less in others. While banks and mobile payments startups would like to see large-scale adoption of mobile money, the reality is cash is likely to remain king in Africa — internet penetration and trust in the financial system are low on the continent.

  • How Solar Energy Boosts Women Entrepreneurs In Tanzania

    By Kevin Mwanza, 1:06 am

    Solar energy, a cheap power alternative to the vast population in sub-Saharan Africa with no access to electricity, has economically empowered the women entrepreneurs in Tanzania who work even after night falls. In Bunambiyu, a village in the northern region of East Africa’s second largest economy, solar-powered lanterns have greatly improved the social-economic lives of the rural population.

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