AFRICA

Uganda Government selects Consortium comprising YAATRA, BHGE, LionWorks, and Saipem to develop, finance, construct and operate a greenfield Oil Refinery in Hoima District, Uganda

Uganda Government selects Consortium comprising YAATRA, BHGE, LionWorks, and Saipem to develop, finance, construct and operate a greenfield Oil Refinery in Hoima District, Uganda

AFRICA, EAST AFRICA, INTERNATIONAL, REST OF THE WORLD, UGANDA
KAMPALA, UgandaFollowing the favourable evaluation of its private sector led offer by the Uganda Government, the Albertine Graben Refinery Consortium (AGRC) comprised of YAATRA Ventures, Baker Hughes, a GE company , LionWorks Group ) and Saipem, signed a project framework agreement confirming its selection for the realization of a 60,000 barrels per day capacity refinery with a project estimated value of around $3 billion. YAATRA Africa is an infrastructure development and financing company which provides innovative infrastructure solutions on the continent. LionWorks is a private equity company focused exclusively on pan-African infrastructure opportunities. Other companies involved are Saipem, a global leader in engineering, procurement, construction and installation, as wel...
Ecobank shareholders approve resolutions as Chairman hails improved outlook

Ecobank shareholders approve resolutions as Chairman hails improved outlook

AFRICA, BUSINESS
LOME, TogoEcobank Transnational Incorporated, parent of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, has concluded its 30th Annual General Meeting in Lomé, Togo. Our digitisation strategy is rapidly yielding results that are putting Ecobank firmly on its path to becoming the digital bank of choice across its pan African territories Shareholders welcomed Ecobank’s return to profit for the year to 31 December 2017 as they approved all the resolutions at the AGM, which included the ratification of the co-option of Messrs. Monish Dutt, Brian Kennedy and David O’Sullivan as Directors. They are nominees of the International Finance Corporation, Nedbank Group and Qatar National Bank respectively. The firms Deloitte and Touch
Rugby Africa officially unveils a new logo

Rugby Africa officially unveils a new logo

AFRICA, KENYA, SPORTS, UGANDA
CAPE TOWN, South AfricaRugby Africa will kick start its first matches of the 2018 Rugby Africa Gold Cup with the defending champion, Namibia, facing  Uganda at home while Zimbabwe, led by their new coach and former Springbok star, Peter De Villiers, will play the Moroccan challengers. As a reminder, the winners of the tournament will take on, amongst others, their big brother, South Africa, on September 28, 2019 at the Rugby World Cup to be held in Japan. To mark the start of this countdown, Rugby Africa is officially unveiling the new competition logo. Rugby Africa's Managing Director, Coralie van den Berg, says: "Promoting our events with a new branding identity is a logical step forward as we evolve. We now have seven international competitions that are widely ac
President Museveni receives Japanese official for Africa Affairs

President Museveni receives Japanese official for Africa Affairs

AFRICA, BUSINESS, INTERNATIONAL
ENTEBBE, Uganda Uganda's President Yoweri Museveni and the visiting Director General in Charge of the Department for Africa Affairs in Japan, Ambassador Takeshi Osuga, have discussed matters pertaining to the strengthening of bilateral relations between Japan and Uganda in particular and the African continent in general focusing on economic, political and infrastructure development. During the meeting that took place at State House Entebbe, and attended by the Japanese Ambassador in Uganda Mr. Kazuaki Kameda, President Museveni commended Japan for the support and establishment of public private business partnership in Uganda. "I am ready for the investment treaty with Japan as business and prosperity are all about markets. When one produces goods or services and another partner co...
President welcomes Islamic Banking as he meets Qatar investors

President welcomes Islamic Banking as he meets Qatar investors

AFRICA, BUSINESS, EAST AFRICA, INTERNATIONAL, UGANDA
ENTEBBE, Uganda President Yoweri Museveni has said that the introduction of Islamic Banking system will go along way in exposing Uganda to different banking systems. "Using the two different banking systems creates room for open competition in financial institutions," he said. The President was today speaking during a meeting with the visiting Qatar group of investors at State House, Entebbe. The Qatar Vice Chairman and Chamber Coordinator, Mousa Ali Abu Azab and the Chairman of International Development Company, Ahmed Hussain  Al-Khalaf, led the delegation. The Islamic banking system, also known as non-interest banking, is based on the principles of the economics of a lender and an investor sharing profit and loss and equity participation. The Qatari delegation, who have
U.S. Salutes Ethiopia’s Health Heroes in Leading Efforts to Beat Malaria

U.S. Salutes Ethiopia’s Health Heroes in Leading Efforts to Beat Malaria

AFRICA, HEALTH, INTERNATIONAL
ADDIS ABABA, EthiopiaThe United States of America has expressed gratitude towards its partnership with Ethiopians in  their fight against Malaria " We salute Ethiopia’s health heroes: doctors, nurses, community health workers, lab technicians, mosquito sprayers, pharmacists, researchers, drivers, warehouse workers, data entry specialists and many more  who work every day to safeguard health, prevent illness and assist those in need." reads the letter When a young child wakes up lethargic and feverish in many rural communities, mothers often turn to health extension workers who use a rapid finger stick test to see if malaria parasites are present in the child’s blood. And if the test is positive, health workers administer an antimalarial treatment so the child can recove
President Kenyatta asks counties to embrace prudent use of resources.

President Kenyatta asks counties to embrace prudent use of resources.

AFRICA, BUSINESS, EAST AFRICA, KENYA
Kakamega, Kenya Kenya's President Uhuru Kenyatta has asked governors to prudently utilize resources allocated to the devolved units to ensure Kenyans receive efficient and effective services. The President emphasized that all the revenue collected at the national and county government levels through taxation must be put into proper use, saying the move will bolster achievement of the Big Four Agenda.. He said corruption, lethargy and sloth in the two tiers of government will not be tolerated and those engaging in the vices will have to carry their own cross. “We must, therefore, be prudent: every cent of revenue collected must return maximum impact on the welfare of taxpayers,” said President Kenyatta during the opening of the 5th Devolution Conference at Kakamega High School, tod
Skills Development is critical – Minister Davies

Skills Development is critical – Minister Davies

AFRICA, BUSINESS
PRETORIA, South Africa South Africa's Minister of Trade and Industry Dr Rob Davies has urged the government to focus on skills development because its critical to the economy and is non negotiable. He said this will at the launch of Lesedi Skills Development Academy in Atlantis, Western Cape, that was established to address the need for skilled artisans and to close the skills gap in the nuclear and broader energy sector as well as associated industries. Minister Davies said it was increasingly evident that as a requirement to get any industrial job one needed to have skills. He said at all levels of employment one now requires to be skilled. Government is aware that skills development in the past was limited to the minority and the majority of the people had less access,...
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