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...
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
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
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
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
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
Kakamega, Kenya Kenya's President Uhuru Kenyatta has launched two programmes that will see the National Government inject Ksh 50 billion as performance based conditional grants to boost the capacity of county governments to deliver quality services to Kenyans. The President announced the launch of the Kenya Devolution Support Programme and the Kenya Urban Support Programme in a speech delivered during the opening of the 5th Annual Devolution Conference in Kakamega. “Both, combined, will inject Ksh 50 billion into your county governments, to help you build and improve the systems that support your staff, and your delivery of services,” the President told county governments. He added: “Just like us in the National Government, you must also strive to perform to the very highest standar
BRAZZAVILLE, Republic of the Congo The World Health Organization in the African Region, in collaboration with UNICEF, African Union and other partners, has launched the eighth African Vaccination Week (AVW).The week long campaign from 23 to 29 April 2018 under the theme: ’Vaccines work, Do your part!,’ will raise awareness of the need and right of everyone, particularly children and women, to be protected from diseases that can be prevented by vaccines. It will also draw attention to the progress that has been made to ensure access to basic life-saving vaccinations across the continent. “The African Region has made commendable progress towards improving access to vaccines. African Heads of State and Government committed to investing more in immunization services and ensurin