Featured TelecomMTN Uganda’s IPO official as it floats 4.5 bn shares at $0.06 eachIFM CorrespondentOctober 13, 2021 by IFM CorrespondentOctober 13, 2021 The firm is offering 20% of its share to the public... Read more
Banking FeaturedKenyan banking group I&M enters Uganda with Orient Bank acquisitionPritam BordoloiMay 4, 2021 by Pritam BordoloiMay 4, 2021 The group will acquire a 90% stake in Orient Bank from UK-based investment group 8 miles LLP and Morka... Read more
Featured Oil & GasTotal’s Uganda and Tanzania oil projects face new challengesInternational Finance Business DeskNovember 3, 2020 by International Finance Business DeskNovember 3, 2020 The Tilenga project will have an output capacity of 200,000 barrels per day... Read more
Economy FeaturedUganda shows signs of positive economic growthInternational Finance Business DeskOctober 15, 2020 by International Finance Business DeskOctober 15, 2020 Moody’s has recently adjusted the country’s strength downwards to ba3 from ba2 stable... Read more
Energy FeaturedJubilee acquires 9.44% stake in Bujagali EnergyInternational Finance Business DeskJuly 1, 2020 by International Finance Business DeskJuly 1, 2020 The stake purchase was made from SN Power for $40 million... Read more
Featured Oil & GasPandemic impacts 30 African oil and gas projects: ReportInternational Finance Business DeskMay 27, 2020May 27, 2020 by International Finance Business DeskMay 27, 2020May 27, 2020 Last month, the price of Brent crude dropped to $25 per barrel despite plans to lower the output by 9.7 mn barrels a day... Read more
Featured FintechAfrica uses mobile money to curb the spread of the coronavirusInternational Finance Business DeskMarch 26, 2020 by International Finance Business DeskMarch 26, 2020 Safaricom removed all fees from its mobile-money platform, M-Pesa... Read more
InsuranceKenya insurtech Turaco raises $1.2 mn to upgrade operationsPritam BordoloiDecember 12, 2019 by Pritam BordoloiDecember 12, 2019 Investors that took part in the funding round include Gan Ventures, Mercy Corps Ventures and Musha Ventures... Read more
AviationUganda Airlines resume operations after two decadesInternational Finance DeskAugust 28, 2019December 23, 2019 by International Finance DeskAugust 28, 2019December 23, 2019 For now, it will fly to seven regional destinations in Kenya, Tanzania, Somalia, South Sudan and Burundi... Read more
TransportChina puts forward conditions before investing in Kenya, Uganda SGRInternational Finance DeskJuly 1, 2019December 17, 2019 by International Finance DeskJuly 1, 2019December 17, 2019 Both countries must work on standard gauge railways financing modalities to receive funding... Read more