DAMMAM, Kingdom of Saudi Arabia — Gross operating income at USD144.7 million and net income at USD54.8 million despite adverse global conditions; Balance sheet grew
Tag: Business
With Nigerian Top Banker Dauda Lawal: Integrity, Commitment, Determination Remain key to success
ABUJA — In this interview with Dr. Dauda Lawal a Nigerian foremost banker, strategic business adviser and politician, he speaks with PLEASURES Magazine (https://PleasuresMagazine.com.ng/) on the
Paxful sees more Young Women in Africa turn to Bitcoin amidst Pandemic
JOHANNESBURG, South Africa, August 21, 2020/ — The COVID-19 pandemic has strained the global economy and put millions of people under financial stress. Understandably, people
UGANDA: Ralph Mupita assigned as new MTN Group President, CEO
JOHANNESBURG – MTN Group on Wednesday 19, announced Ralph Mupita as its new group President and Chief Executive Officer (CEO). The Zimbabwean born is set
BUSINESS: Government of Uganda plans to make oil, gas mining commerce public
Following its admission to the Extractive Industries Transparency Initiative (EITI) on Wednesday, the government has said it expects to make public its dealings with oil
BUSINESS: Alcatel-Lucent Enterprise and RingCentral Enter into a Strategic Partnership
RingCentral and Alcatel-Lucent Enterprise will jointly develop programs enabling both companies to lead the cloud communications services for the enterprise market PARIS, France, August 11,
BUSINESS: BoU maintains lending rate at 7% amid crawling economic recovery over Virus Pandemic
KAMPALA – Bank of Uganda has kept the Central bank rate (CBR) at 7 per cent for the month of August amid slow economic recovery
BUSINESS: AUDA-NEPA launches the MSME Academy for all Africa’s Micro Small and Medium Enterprises
JOHANNESBURG, South Africa, August 11, 2020/ — AUDA-NEPAD (the African Union Development Agency) (www.NEPAD.org) has announced the launch of the MSME Academy, in partnership with
BUSINESS: Toyota closes branch in Uganda after 3 employees test postive to Covid-19
Toyota Uganda has temporarily sealed off its Kampala branch with effect from yesterday after three of their staff tested positive for Covid-19. Mr Mahmood Omar,
UGANDA: Gov’t setting up pineapple juice processing factory in Kayunga
The government through the National Agricultural Advisory Services (Naads) is constructing a multi-billion pineapple juice processing factory in Kayunga District amid challenges of low production
New Regulatory Affairs Committee: Putting Regulatory Frameworks at the Heart of the Continent’s Global Investment Competitiveness
JOHANNESBURG, South Africa, August 4, 2020/ — The African Energy Chamber (www.EnergyChamber.org) is delighted to announce the nomination of its Regulatory Affairs Committee, which will
German Energy Investors Have a Bright Future in a Post-Covid 19 Africa
JOHANNESBURG, South Africa, August 4, 2020/ — On Thursday, the Germany-Africa Business Forum (GABF) is organizing an exclusive webinar to encourage new deals between German
AFRICA: Operation SALAMA reaches millions of Moroccans with pandemic information, supplies, support
The Government also worked closely with partners, including UNFPA, to reduce disease transmission and limit the impact of the pandemic on at-risk communities RABAT, Morocco,
BUSINESS: CANAL+ to launch first premium DTH platform over Ethiopia, broadcast from EUTELSAT 7C
PARIS, France, July 28, 2020/ — Long-term, multi-transponder contract leveraging capacity on EUTELSAT 7C’s dedicated Ethiopian spot beam; showcasing the dynamism of the Ethiopian broadcast
S.AFRICA: Trade and industry committee engages on sugar and steel industry
Parliament, Tuesday, 28 July 2020 – The Portfolio Committee on Trade and Industry today had fruitful discussions on developments in the South African sugar and
BUSINESS: VC4A announces 2020 ‘Venture Showcase – Seed’ in partnership with AWS Activate, AfriLabs and ABAN
CAPE TOWN, South Africa, July 29, 2020/ — VC4A (https://VC4A.com/) is calling for African startups looking to raise between $150K and $1M. In proud collaboration
BUSINESS: Bank customers to make payments at no extra cost
Uganda Bankers Association (UBA) has today launched the ‘No Merchant Surcharge’ Campaign dubbed “Pay with your Card @ No extra Cost”. The campaign aims
BUSINESS: Umeme discontinues free electricity connection program
In 2018 launched ECP a free electricity connection policy where customers were required to pay only shs20,000 for inspection and government caters for the remaining
BUSINESS: Byarugaba assigned as Absa Uganda’s new board chairperson
Byarugaba, who has served on the board since January 2016, replaces Swithin Munyantwali who vacated the position following his appointment to the board of Absa
BUSINESS: MTN MoMoNyabo promo breathes life into struggling businesses
MTN Uganda through its MoMo Nyabo promotion has come out to stand with its customers as it offers them an opportunity to win money up
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