Author: Ronald Kabuubi

Capital floods in for flourishing African fintech and payments sector

Capital floods in for flourishing African fintech and payments sector

AFRICA, BUSINESS
LONDON, United Kingdom Close to US$100m of fundraising has been injected already in 2018 into Africa’s bourgeoning fintech and mobile payments sector, with a significant amount of capital still to be deployed this year, and prospects for the sector looking bullish, according to telecom, media and tech news and events company, TMT Finance Joseph d’Arrast, EMEA Editor at TMT Finance said: “The increasing demand for payment transaction and lending services are attracting investment from mobile operators, banks and international funds, all jostling to position themselves across the continent. These new initiatives also achieve inclusive goals set by international development finance institutions, which have been joining multiple fundraisings over the last twelve months.” A
UAE Exchange Rebrands its Rwanda Operations as Unimoni

UAE Exchange Rebrands its Rwanda Operations as Unimoni

AFRICA, BUSINESS, EAST AFRICA, KENYA, RWANDA, UGANDA
KIGALI, RwandaUAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, has announced the rebranding of its Rwanda operations as “Unimoni”. The announcement was made in the presence of Kasangwa Chanthal, Executive Director  - Operations Department, Central Bank of Rwanda, and other dignitaries, partners and guests. Short for ‘Universal Money’, the new brand “Unimoni” reflects the company’s aspirations to strengthen its global presence and provide a broader spectrum of innovative financial services to its customers. As part of its Africa growth strategy, Unimoni plans to be present in 14 African markets by the year 2020, and has developed a healthy pipeline of digital payment solutions designed to cater to the specific needs of the African
UAE Exchange Rebrands its Uganda Operations as Unimoni

UAE Exchange Rebrands its Uganda Operations as Unimoni

AFRICA, BUSINESS, EAST AFRICA, KENYA, RWANDA, TANZANIA, UGANDA
KIGALI, RwandaUAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Uganda operations as “Unimoni” The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held at Pearl of Africa Hotel in Kampala, in the presence of Vice President of Uganda Hon. Edward Kiwanuka Ssekandi, and other dignitaries, partners and guests. Short for ‘Universal Money’, the new brand “Unimoni” reflects the company’s aspirations to strengthen its global presence and provide a broader spectrum of innovative financial services to its customers. As part of its Africa growth strategy, Unimoni plans to be present in 14 African markets by the year 2020, and has developed a healthy pipeline o
Rift valley fever reported in Ankole, three dead

Rift valley fever reported in Ankole, three dead

AFRICA, EAST AFRICA, HEALTH, UGANDA
MBARARA, Uganda Three people have been reported dead, two weeks after five patients who had symptoms of rift valley fever had been admitted at Mbarara regional referral hospital. According to Dr Rose Muhindo, a physician at Mbarara regional referral hospital, patients where reported with symptoms of normal medical illness such as headache, chest pain, diarrhea and fever but what striked them was when they were presented with  breeding signs. Further tests confirmed that these patients were suffering from rift valley fever. “We have lost three patients, one was coughing blood and died on arrival, shortly after, we lost another one. However, we are still waiting for results to confirm what could have killed them." said Dr.Muhindo "The good news is that we have managed to save the
MP Nusura Tiperu takes NRM flag in Arua

MP Nusura Tiperu takes NRM flag in Arua

AFRICA, EAST AFRICA, UGANDA
ARUA, Uganda NRM flag bearer MP Nusura Tiperu has been been declared the winner in the just concluded NRM primaries in Arua Municipality defeating seven other candidates after polling 1,798 votes out of 20, 554 votes cast followed by Swadick Angupale with 1,443 votes. Atima Lee Jackson got 1,362 followed by John Lematia who garnered 203 votes. Aluma Mohammed got 183, Ejua Simon got 118 followed Obiga Godfrey who polled 91 votes while Mubarak Khalifan trailed with 59 votes. Ms.Nusura will campaign against other opposition contestants in the Arua municipality parliamentary by-elections scheduled for August 15.  
Zambian Govt Will Continue to Partner with the Irish Govt in the Implementation of Social Protection Services in Zambia

Zambian Govt Will Continue to Partner with the Irish Govt in the Implementation of Social Protection Services in Zambia

AFRICA, INTERNATIONAL
LONDON, United KingdomMinister of Community Development and Social Services, Hon. Emerine Kabanshi has said the Zambian Government will continue to partner with the Irish Government in the effective and efficient implementation of Social Protection Services in Zambia. The Minister is on a learning visit in Ireland from 16th to 21st July, 2018 on Social Protection facilitated by the Embassy of Ireland in Lusaka. Hon. Kabanshi had a number of meetings with various shareholders to acquire acknowledge on social protection in Ireland which she said would help in improving the social protection systems in the country. The Minister had a meeting with the Director General of Irish Aid at which a number of Social Protection interventions in Zambia especially on disability were discu...
President Museveni receives Turkish entrepreneur

President Museveni receives Turkish entrepreneur

AFRICA, BUSINESS, EAST AFRICA, UGANDA
ENTEBBE, Ugaanda Uganda's President Yoweri Museveni has held a meeting at State House, Entebbe, with Mr. Salim Alaybeyi, who is the Vice President of a Turkey-based Molino Inc. Company. Molino Inc., is a leading enterprise in the manufacturing and supplying of flour milling and silo handling equipment such as semolina mills, grain silos, seed cleaning systems, screening of pulses and pneumatic and mechanic conveying systems among others. State Minister for Planning, Hon. David Bahati and the Turkish Ambassador to Uganda Mr. Sedef Yavuzalp, attended the meeting.
Turkey lifts state of emergency after two-year purge

Turkey lifts state of emergency after two-year purge

EUROPE, INTERNATIONAL
ISTANBUL, Turkey A two-year state of emergency in Turkey during which thousands were jailed or stripped of their livelihoods has been lifted, buoying the hopes of citizens that a time of repression and stifled free speech in Turkey was at an end. Opposition leaders and human rights activists, however, cautioned that ending the state of emergency could be largely cosmetic and that Turkish President Recep Tayyip Erdogan was likely to continue flexing his extraordinary powers in an ongoing crackdown on dissent. “Over the last two years, Turkey has been radically transformed with emergency measures used to consolidate draconian powers, silence critical voices and strip away basic rights,” said Fotis Filippou, deputy Europe director of Amnesty International. “Many