Saturday, July 24We Break the News

Uganda Banker’s association

African Development Bank to provide €39 million loan package for Gabon’s first independent hydropower project

African Development Bank to provide €39 million loan package for Gabon’s first independent hydropower project

AFRICA, African Development Bank, HUMAN INTEREST STORIES, Uganda Banker's association
The project entails the design, construction, and operation of a 34.1-megawatt power plant with a net annual generation of 203-gigawatt hoursABIDJAN, Ivory Coast, July 9, 2021/APO GROUP The Board of Directors of the African Development Bank Group (AfDB.org) has approved a €39 million loan package for the construction of the Kinguélé Aval hydroelectric project in Gabon. The package comprises €20 million from the African Development Bank, €10 million from the Africa Growing Together Fund and €9 million in concessional financing from the Sustainable Energy Fund for Africa, a special multi-donor fund managed by the African Development Bank. Additional financing to meet the project’s €133.8 million budget will come from the International Finance Corporation of the World Bank Group...
Minister Amos Lugoloobi’s budget speech

Minister Amos Lugoloobi’s budget speech

AFRICA, Bank Of Uganda, Buganda Kingdom, EAST AFRICA, PAN AFRICA, UGANDA, Uganda Banker's association, Uganda Cancer Institute, Uganda Law Society, Uganda Olympic Committe, Uganda Police Force, Uganda Red Cross, Uganda Rugby Union, Uganda Super League
Speaker Jacob Oulanyah informs the House that Hon Amos Lugoloobi will present the budget on behalf of the President.Hon Amos Lugoloobi has just been appointed as State Minister for Finance awaiting vetting by the Appointments Committee.  Uganda’s per capita income is increasing steadily. In Financial Year 2015/16 it was US$ 808 and is projected to increase to US$ 932 in Financial Year 2020/21.  Coffee remains the leading agricultural export earning US$ 497.4 million in the Financial Year 2019/20. Dairy exports fetched US$ 204.5 million, while Tea exports earned US$ 71 million in Financial Year 2019/20. Fish exports earnings increased from US$ 121 million to US$ 227 million, over the same period. Minister Lugoloobi says scientific research and innovation is now tr...
President Kenyatta attends President Guelleh’s inauguration in Djibouti

President Kenyatta attends President Guelleh’s inauguration in Djibouti

AFRICA, Burundi, Djibouti, EALA, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, Kenyan Parliament, Parliament, POLITICS, Twitter, UAE, UGANDA, Uganda Banker's association
DJIBOUTI, 15th May 2021 (PSCU) –President Uhuru Kenyatta was on Saturday among several African leaders at the inauguration of Djibouti President Ismaïl Omar Guelleh in the country's capital city Djibouti. President Kenyatta, who is the current Chairperson of the East African Community, was accompanied by Foreign Affairs Cabinet Secretary Raychelle Omamo. Ethiopian Prime Minister Abiy Ahmed Ali, Somali Prime Minister Mohamed Roble and South Sudan Vice President Rebecca Nyandeng Garang De Mabior also attended the inauguration held at the Presidential Palace, Djibouti. Others were IGAD Executive Secretary Dr Workneh Gebeyehu and African Union Commission Chairman Moussa Faki Mahamat. President Guelleh, 73, garnered 97 percent of the vote in last month's election to sec...
Carrefour Uganda Wins Maiden Consumer Choice Award – Best Shopping Supermarket Category

Carrefour Uganda Wins Maiden Consumer Choice Award – Best Shopping Supermarket Category

Business, EAST AFRICA, Entertainment, EUROPEAN UNION, INTERNATIONAL, TECHNOLOGY, UGANDA, Uganda Banker's association
Carrefour, owned and operated by Majid Al Futtaim in Uganda, received the Gold Award for Best Shopping Supermarket at this year’s Consumers Choice Awards. The Consumers Choice Awards 2020/2021, which took place on March 31, 2021, recognize business excellence annually by conducting comprehensive and objective independent market research survey, to determine brand reputation, customer satisfaction and business excellence for the quality of their service. In a statement released by the retail giant, Carrefour thanked the Consumer Choice Awards for the prestigious award. “This award is a testament to the hard work of our colleagues and recognizes our efforts to deliver exceptional value for our Ugandan customers through more convenient and modernized shopping experiences,” the s...
Meet the new Chief Executive Officer Vision Group

Meet the new Chief Executive Officer Vision Group

AFRICA, Business, EAST AFRICA, HUMAN INTEREST STORIES, Parliament, UGANDA, Uganda Banker's association
Don Wanyama 2007 - Junior Sub Editor, New Vision 2009 - Deputy Chief Sub Editor, Daily Monitor 2010 - Chief Sub Editor, Daily Monitor 2013 - Managing Editor, Daily Monitor 2015 - Special Media Assistant, Office of NRM Chairman 2016 - Senior Presidential Press Secretary, State House 2021 - Chief Executive Officer, Vision Group
Testimonies by Youth in Agribusiness from Lira on the impact of COVID 19 on their businesses

Testimonies by Youth in Agribusiness from Lira on the impact of COVID 19 on their businesses

AFRICA, Bank Of Uganda, Banking World, Business, Central African Republic, INTERNATIONAL, Ministry Of Health, Standard Chartered Bank, UGANDA, Uganda Banker's association
Dickens Obote Poultry business, Adekokwok sub county, Lira district Dickens’ poultry farm was a source of poultry products to the surrounding community in Lira during the COVID-19 crisis. However, without the ability to travel and replenish his supplies because of a lockdown on travel, his business struggled to continue serving the community. Applause upon officially launching the youth in Agribusiness project 2 Minister of Agriculture, animal industry and Fisheries, Hon. Vincent Sempijja addresses participants during the launch “My poultry business had successfully grown to 3,000 birds by 2019. I was supplying a factory in the city, which has branches throughout the region. Until COVID lockdown struck in 2020, I was delivering 3,000 kroilers and broilers to the company on a ...
Stanbic Bank Uganda- We are underway with the 3rd strategic leadership summit to explore how SMEs especially those in the agribusiness sector can tap into the innovative transformation and benefit from the Africa trade treaty which commenced in January, 2021.

Stanbic Bank Uganda- We are underway with the 3rd strategic leadership summit to explore how SMEs especially those in the agribusiness sector can tap into the innovative transformation and benefit from the Africa trade treaty which commenced in January, 2021.

AFRICA, Banking World, EAST AFRICA, INTERNATIONAL, UGANDA, Uganda Banker's association, World Bank
This year’s theme is: “Inspiring businesses and economic transformation in the digital economy” Proudly sponsored by Stanbic Bank Uganda. This year, the focus is on the options open to governments and SMEs, and the role of African universities and the private sector in preparing the continent’s SMEs for what could be the biggest economic game changer in African history.
The Uganda Law Society is looking for qualified individuals to fill the position of Office Courier

The Uganda Law Society is looking for qualified individuals to fill the position of Office Courier

AFRICA, EAST AFRICA, Uganda Banker's association, Uganda Law Society
JOB OPPORTUNITY Uganda Law Society (ULS) is a membership organization established by an Act of Parliament to provide services to its members in particular and to the people of Uganda. Its vision is to be a Proficient Bar Association in Fostering Access to Justice, the Rule of Law and Good Governance in Uganda.Its mission is to develop a Skilled and Empowered Legal Profession in Execution of its Statutory Mandate to Foster and Improve Access to and Administration of Justice as well as Good Governance in Uganda. The ULS Core values are: Equity and member-focused, Professionalism, Competence, Integrity, Accountability, Efficiency, Corporate Governance and Independence, Creativity and Innovation, Team Work. To strengthen its mandate, the ULS wishes to recruit suitably qualified and e...
Universal Music Group announces Strategic Leadership Appointments within Africa

Universal Music Group announces Strategic Leadership Appointments within Africa

AFRICA, Entertainment, HUMAN INTEREST STORIES, INTERNATIONAL, Uganda Banker's association, WORLD
Sipho Dlamini promoted to CEO, Universal Music South Africa and Sub-Saharan Africa; Elouise Kelly appointed COO, Universal Music South Africa and Sub-Saharan Africa; Chinedu Okeke named MD, Universal Music NigeriaJOHANNESBURG, South Africa, January 4, 2021/ -- Universal Music Group (UMG) (www.UniversalMusic.com), the world leader in music entertainment, today strengthened its position as the leading music company in Africa by announcing a strategic expansion of its Sub-Saharan Africa leadership team. These appointments underscore UMG’s ongoing commitment to support and grow Africa’s domestic music ecosystems, while also creating new opportunities for African talent to reach new audiences globally.UMG’s holistic approach to expanding operations across the continent, opening new divisions i...
The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

The African Development Bank and the Green Growth Knowledge Platform (GGKP) Join Forces to Mainstream Natural Capital in Development Finance

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, TECHNOLOGY, Uganda Banker's association, World Bank
Natural capital is the stock of renewable and non-renewable natural resources, such as plants, animals, air, water, soils and minerals ABIDJAN, Ivory Coast, December 23, 2020 -- The African Development Bank (https://www.AfDB.org/) and the Green Growth Knowledge Platform (GGKP) have been awarded a two-year, CHF 241,875 ($273,439) grant from the MAVA Foundation to mainstream natural capital in development finance in Africa. MAVA, a philanthropic foundation, promotes the conservation of biodiversity and advocates for sustainable economies in the Mediterranean, West Africa and Switzerland. The grant will support activities to develop a business case for natural capital among multilateral development banks, scale up the application of natural capital in infrastructure ...
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme

Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme

AFRICA, Banking World, Business, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, Ivory Coast, Standard Chartered Bank, UGANDA, Uganda Banker's association, West Africa
Sahel Group of Five: African Development Bank approves program to expand solar energy generation under Desert-to-Power scheme The Desert to Power initiative intends to turn the Sahel region into a renewable powerhouse, harnessing its solar potential to create the world’s largest solar zone ABIDJAN, Ivory Coast, December 22, 2020/ -- The Board of Directors of the African Development Bank (https://www.AfDB.org/) approved on Wednesday a Desert-to-Power (D2P) technical support program that will advance the rollout of solar generation in G5 Sahel countries, where 60 million people lack access to electricity. The technical assistance, in the form of a $5 million grant from the Sustainable Energy Fund for Africa (SEFA), has three main components: (i) technical studies for the i...
African Development Bank appoints Director and Special Advisor For Multilateral Development Banks, International Financial Institutions and Non-Regional Shareholders Relations in the Office of the President

African Development Bank appoints Director and Special Advisor For Multilateral Development Banks, International Financial Institutions and Non-Regional Shareholders Relations in the Office of the President

AFRICA, Angola, Banking World, EAST AFRICA, Housing Finance Bank, INTERNATIONAL, UGANDA, Uganda Banker's association, United Bank For Africa, WORLD, World Bank
Gauthier, a Belgian citizen, is a seasoned professional in international negotiations and relations with various stakeholders ABIDJAN, Ivory Coast, December 16, 2020 The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Mr. Gauthier Boulard as Director and Special Advisor in the Office of the President, effective 1 January 2021. In his new role, Gauthier will support President of the African Development Bank Group Akinwumi Adesina, to strengthen partnerships and engagements with multilateral development banks, international institutions and global initiatives to coordinate international financing for development. He will also support the President in outreach efforts to strengthen relations and engagements with non-regional m...
The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER)

The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER)

AFRICA, Banking World, EAST AFRICA, Housing Finance Bank, Ivory Coast, TECHNOLOGY, UGANDA, Uganda Banker's association, United Bank For Africa, West Africa, WORLD, World Bank
Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division ABIDJAN, Ivory Coast, December 17, 2020/ -- The African Development Bank (https://www.AfDB.org/) is pleased to announce the appointment of Mr. Simon MIZRAHI as Acting Director, Communication and External Relations Department (PCER), effective 16 December 2020. The African Development Bank Appoints Mr. Simon Mizrahi, Acting Director, Communication and External Relations (PCER) Simon is a British national who joined the Bank on the 10th of May 2009, as Head of Results Management Division. Before joining the African Development Bank, he worked for the Organisation for Economic Cooperation and Development (OECD), based in France, as Senior Policy Adviser, A...
The African Development Bank Appoints Ms. Aissa Touré, Country Manager, Rwanda

The African Development Bank Appoints Ms. Aissa Touré, Country Manager, Rwanda

AFRICA, Banking World, EAST AFRICA, INTERNATIONAL, TECHNOLOGY, UGANDA, Uganda Banker's association, United Bank For Africa, WORLD, World Bank
  The African Development Bank is pleased to announce the appointment of Ms. Aissa Touré as Country Manager for Rwanda ABIDJAN, Ivory Coast, December 17, 2020/ -- An economist and development expert, Aissa Touré, the Country Manager designated for Rwanda, a Senegalese national, brings to the Bank over 25 years of experience, working in three continents and 12 countries for 5 international organizations. The African Development Bank Appoints Ms. Aissa Touré, Country Manager, Rwanda Aissa’s work experience covers rural development, particularly agriculture, rural economics and climate adaptation and mitigation, among others. She brings a solid set of skills in strategic management, institutional representation and partnership management at country, regional and global l...
Africa must risk capital for its youth, Adesina urges

Africa must risk capital for its youth, Adesina urges

AFRICA, Banking World, INTERNATIONAL, TECHNOLOGY, Uganda Banker's association, United Bank For Africa, West Africa, WORLD
Adesina engaged in discussion which covered three areas: the current state of affairs with respect to COVID-19 and climate change, stimulus policies and recovery, and the role of the private sector in terms of recovery ABIDJAN, Ivory Coast, December 17, 2020 Africa must leverage investment to unleash the potential and ingenuity of its youth, its most important asset, African development Bank (www.AfDB.org) President Akinwumi Adesina said at a Conference of Montreal fireside chat event. The three-day virtual event was organized by the international economic forum of the Americas, under the theme, a sustainable recovery for people and planet. During the fireside chat, Adesina engaged in discussion with Inger Andersen, Under-Secretary-General of the United Nations...
Standard Chartered Bank Uganda Sweeps Four (4) Acclaimed International and local Banking Awards

Standard Chartered Bank Uganda Sweeps Four (4) Acclaimed International and local Banking Awards

AFRICA, Banking World, EAST AFRICA, INTERNATIONAL, Standard Chartered Bank, Uganda Banker's association, World Bank
Kampala,Uganda: The Banker’s Bank of the Year Awards 2020 – Financial Times Digital Brand of the Year 2020 in Uganda – Digital Impact Awards Africa Best Consumer Digital Bank Award in Uganda - Global Finance The Digital Banking Excellence Award – Digital Impact Awards Africa   Wednesday 16th December 2020 – Standard Chartered Bank Uganda has swept four (4) international and local prestigious awards from the Financial Times’ Banker Awards, Global Finance and Digital Impact Awards Africa. Bank of the Year in Uganda 2020 by The Banker Awards  For the last 94 years, The Banker has been the world’s leading monthly journal of record for the banking industry. The aim of the Banker Awards is to highlight industry wide excellence within the banking community gl...
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