Uganda: Latest News
Staff, 7:13 am
Nearly 100 million people are now on the first steps of the energy ladder thanks to the rapid deployment of solar home systems in poor communities across the world. That’s incredible progress that marks the beginning, not the end, of clean energy access. With increasing attention being paid to the missing middle excitement about the opportunity to end energy poverty is palpable.
Kevin Mwanza, 7:57 am
Kiira Motors Corporation, the Ugandan motor-vehicle manufacturer that produced Africa’s first ever solar-powered bus in February will not commercially produce similar buses for at least the next ten years, further pushing forward the continent’s dream of producing eco-friendly cars. The delay has been caused by lack of financial partners ready to support the Ugandan auto-maker venture into the market.
Kevin Mwanza, 5:27 am
Uganda could become the first African nation to adopt legal regulations in the use of bitcoin in monetary transactions after hosting an event focused on the policy guidelines, legal and social-cultural issues on the use of crypto-currencies on the continent. The Ugandan government has left the digital currency, which is owned by BitPesa of Kenya, largely un-regulated since its entry into the region’s second biggest economy in November, last year.
Kevin Mwanza, 8:52 am
African development Bank (AfDB) approved a $10 million equity funding to boost Information and Communication Technology (ICT)-driven production and growth in six sub-Saharan Africa countries. The Technology and Innovation in Developing Economies (TIDE) Fund 1 will invest in companies that use new technology to provide affordable services in the energy, agribusiness, financial, education and healthcare sectors
Kevin Mwanza, 7:07 am
The African Airlines Association (AFRAA) urged African governments to release about $ 2 billion in revenue owed to foreign carriers to avoid suspension or shut-down of operations on the continent. The pan-African body said that the Angolan, Nigerian, Egyptian and Sudanese governments have blocked repatriation of the earnings, which has also contributed to the turbulent market faced by several airlines.
Peter Pedroncelli, 2:33 am AFKI Original
African business leaders make use of social media to communicate with and mentor their followers, dropping pearls of wisdom in under 140 characters. From South Africa to Nigeria, the high profile personalities and multi-millionaires from Africa offer their opinions on many issues while advancing their own agendas through social media. Here are 12 African business leaders worth following on Twitter.
Dana Sanchez, 11:32 am
South Africa was criticised in June by human rights groups and praised this week when it changed its mind about appointing the first-ever U.N. expert tasked with investigating LGBT rights abuses worldwide. In a turnaround that broke ranks with other African countries, South Africa approved the legality of the post and voted against delaying it. South Africa was one of the few African countries that did not support delaying the appointment. Several countries said Monday that they would not recognize or cooperate with the U.N.
Tom Jackson, 4:41 am AFKI Original
Last year, the annual AfricaCom conference in Cape Town finally got serious about startups, launching the co-located AHUB event to bring together entrepreneurs, investors and other stakeholders from across the continent. The event took place for the second year last week, bigger and better, and allowing the ecosystem to join together to map the sector’s progress and discuss obstacles.
Kevin Mwanza, 6:40 am
Uganda, home to more than half of Africa’s bird population, seeks to earn over $700 million from its rich bird variety over the next decade, government officials said during the Africa Birding Expo held in Entebbe from 18-21 November. The East African nation hosted the event for the first time at Botanical Gardens in Entebbe and hopes to use the show to increase its tourism revenue.
Kevin Mwanza, 3:43 am
Uganda’s dreams of exporting crude oil for the first time will be delayed by several years after the firms undertaking the exploration on its deposits, Tullow Oil Plc of Britain and Total South Africa, said the nation must improve its infrastructure to meet the transportation requirements. The landlocked nation pulled out of a joint oil-pipeline project with Kenya in April, opting for Tanzania instead.
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