Uganda: Latest News
Kevin Mwanza, 7:26 am
Atlas Mara Limited, the banking firm set up by Bob Diamond, former Chief Executive Officer at Barclays Plc is in talks to buy a stake in Crane Bank Limited, the third biggest bank in Uganda which has faced financial problems since September last year. The financial services-focused investment firm said in initiated plans to buy stakes in the Ugandan bank last month but controversy surrounding its valuation has held back the move.
Peter Pedroncelli, 7:10 am AFKI Original
The shortlist of 30 nominees for the 2016 African Player of the Year award has been announced by the Confederation of African Football (CAF) ahead of the winner’s announcement in the new year. Below are the 30 players who have been nominated for the 2016 African Player of the Year award.
Dana Sanchez, 8:10 pm
African commentators are having a little fun at the U.S.’s expense in the bizarre last weeks leading to the Nov. 8 U.S. presidential election. Republican party candidate Donald Trump bears the brunt for many of their jokes. But behind the jokes there’s deep concern that the U.S. democracy emulated and admired by many Africa countries is being made a mockery of. Here’s what Africans are saying on social media.
Peter Pedroncelli, 2:31 am AFKI Original
The 2017 Africa Cup of Nations draw was held in Gabon’s capital city Libreville on Wednesday evening, as the Confederation of African Football (CAF) determined the four groups of 16 teams that will be aiming for glory come the AFCON in January 2017. The four host cities that will stage matches include Libreville, Franceville, Oyem and Port Gentil, as Gabon hosts the continental showpiece on their own, six years after co-hosting the competition alongside Equatorial Guinea.
Dana Sanchez, 8:48 am
Microbial solutions for pesticides and fertilizer are revolutionizing Western agriculture, but are slow getting started in Africa. There’s an overwhelming need to improve soil health and crop productivity on the continent. Yields have been stagnant for decades for several staple food crops. The bacteria living in roots, leaves and soil that help plants absorb nutrients, fight disease, and resist drought are less toxic than chemical ones, and potentially more efficient for farmers.
Kevin Mwanza, 8:42 am
The Abraaj Group, a United Arab Emirates (UAE) based private-equity investment firm, is seeking to invest in Kenya’s growing healthcare market and use it as a launching pad to build a network of hospitals to offer decent and affordable medical services in Africa. The Dubai-based group is in talks to acquire Metropolitan Hospital and other healthcare centers in the capital of East Africa’s biggest economy
Peter Pedroncelli, 5:15 am AFKI Original
The Confederation of African Football (CAF) revealed two shortlists for major awards over the weekend, including a shortlist of 25 players who are nominated for the 2016 African Player of the Year – Based in Africa award. A total of five players have been selected from South African club side Mamelodi Sundowns, meaning that a fifth of the nominees represent the Pretoria-based team.
Kevin Mwanza, 5:00 am
Tanzania has pulled out of the East African Community (EAC) common visa, in a move described by analysts as a plan to protect itself from economic competition from the region’s other nations. The decision effectively locks out Tanzania from ‘coalition of the willing’, an initiative by the region’s nations of Kenya, Uganda and Rwanda to promote tourism and enable their nationals to freely engage in business without restricted movement
Dana Sanchez, 5:04 pm AFKI Original
Most people outside Africa were introduced to Katwe, Uganda’s biggest slum, by way of a newly released Disney movie, “Queen of Katwe,” about a local chess prodigy. Katwe is described as one of the worst places on earth. It’s also known as a hive of ingenuity; its artisans, craftsmen and technicians famous for repairing imported electronic devices and cars. They’re also known for their ability to improvise and manufacture imitations of original items. Nearly half of all teenage girls in Katwe are mothers.
Dana Sanchez, 11:22 am
The Silicon Valley based Zipline team tested its drone delivery system for months in Rwanda to make sure it worked prior to launch, usually with an audience of locals. “Every day, we have hundreds of Rwandans lining up along the fence of the distribution center to watch operations,” said Zipline’s CEO. “The whole crowd cheers for every single takeoff and landing throughout the day. Some people show up at 6 a.m. to get good seats.” Some aid workers say drones have a bad reputation in Africa. People think they’re weapons.
- Real Estate