Uganda: Latest News
Dana Sanchez, 3:32 pm
Language is a barrier to investment in Africa, but economists say African innovators should think beyond English when developing innovations aimed at solving local problems. There are more than 3,000 languages spoken in Africa by some counts. Language barriers — especially an inability to communicate in English — have hampered trade in Mozambique, where Portuguese is spoken by more than half the population, and Rwanda, where Kinyarwanda is spoken by most Rwandans, but English is an official language.
Kevin Mwanza, 5:22 am
Geremi Njitap, one of Cameroon’s most successful footballers, was last week elected the head of National Union of Cameroon Footballers (SYNAFOC), while in Ethiopia, Haile Gebrselassie, one of the world’s athletics legends in long distance and marathon racing, was on sunday elected the president of the Ethiopian Athletics Federation (EAF) in Addis Ababa
Staff, 12:01 am
Obama’s push for LGBT rights has shifted attitudes globally but some are fighting it. Washington, D.C.-based World Bank lends money in developing countries. This year, it researched LGBT discrimination globally and collected data. The bank created a new advisor whose job is to report violence gainst LGBT in the 136 countries in which it does business. Fifty-four African countries want a new U.N. investigator suspended whose job is to investigate human rights violations against LGBT. There’s a good chance their resolution will pass.
Kevin Mwanza, 6:41 am
American International Group (AIG), the only international insurer, announced plans to withdraw its business from Uganda as part of the global strategy to pull out from smaller markets across the world. The decision, announced on Tuesday, came days after the insurer sold share worth $143.2 million to Emerald Acquisition Limited at the New York Stock Exchange. The insurer entered The Pearl of Africa nation in 1962 and has 50 employees
Dana Sanchez, 11:12 am
Africa’s largest lender, Johannesburg-based Standard Bank this year made $2 billion in loan commitments to Chinese-owned development projects in Africa, and it plans to help Chinese entrepreneurs seek African investment opportunities in areas such as retail. Access to credit remains a challenge for many Africans. Standard Bank says its opportunities lie in working “on the yuan’s internationalization and helping Chinese companies transform from … contractors to investors.”
Tom Jackson, 9:29 am AFKI Original
E-commerce in Africa is a very long-term play indeed. Aside from issues with logistics, there are also problems with online payments, which still suffer from a lack of trust, and the sheer fact Africans still prefer to shop online. Moreover, fewer than 30 per cent of Africans have internet access. The Nigerian e-commerce powerhouses, however, have their eyes on a far greater prize, and are prepared to stomach losses for a number of years.
Kevin Mwanza, 9:08 am
China is fast becoming the preferred partner for economic development by many African governments that have however, been accused of prioritizing economic development over civil rights and freedoms. The Asian superpower rivals the U.S. and has outmatched it especially in Southern, Central and North Africa, according to a survey by Afrobarometer, a research project in sub-Saharan Africa.
Staff, 12:01 am
Facebook’s record of collaborating with governments should make us wary of Free Basics. The app is only worth the gamble if one believes that governments where it’s been rolled out have the best interests of their citizens at heart — a presumption that is unwarranted in much of Africa. In just the last year, in Gabon, Ethiopia, Uganda, Chad, Zimbabwe, and many other countries, online actions of pro-democracy protestors prompted the state to shut down the internet for the entire country. Free Basics gives them a version of the internet that totally control.
Staff, 4:15 am
Uganda’s public education system is reeling from absent teachers, poor facilities and high dropout rates. Despite these challenges the country’s ministry of education is pushing to close a chain of low-cost private schools, which says it is trying to offer solutions to these challenges. A few minutes off the highway skirting the northern side of Kampala, we go down a dirt path, in a neighbourhood of bare-brick buildings with corrugated iron-sheet roofs.
Staff, 4:02 am
Sub-Saharan Africa’s telecoms service market will be worth $51 billion by 2021, up from $41 billion last year. Mobile services will represent more than 88.4 per cent of the telecoms service revenue in 2021, according to a new report by Analysys Mason, a global specialist adviser in telecoms, media and technology. Retail telecoms revenue in the region will grow at a compound annual growth rate (CAGR) of 4.1 per cent during 2015–2021,
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