Uganda Ranks 5th in Absa's Africa Financial Markets Index 2021.
Uganda is ranking fifth with a score of 57 out of 23 countries surveyed in the Africa Financial Markets Index 2021. Absa Group survey, released on Wednesday said Uganda was [...]
AfDB Approves Borrowing Policy to Strengthen Debt Sustainability
The African Development Bank (AfDB) Group has passed a new policy aimed at strengthening debt sustainability among low-income African countries. The policy, dubbed the Sustainable Borrowing Policy, was approved on [...]
Heineken to Offload 35% stake in Kenya Business to Distell
Heineken, a Dutch-based alcohol brewer will sell a 35 percent stake in its regional alcohol distribution business including Kenya to shareholders of Distell Group as part of its acquisition of [...]
MTN Group Becomes the First African Company to Enter the Metaverse
MTN Group, Africa's largest mobile network provider, has emerged as the first company on the continent to buy some plots of digital land on the virtual reality world — metaverse. [...]Antler East Africa Closes Oversubscribed Fund at $13.5 Million
Early-stage investor Antler has closed its oversubscribed East Africa investment fund at $13.5 million, seeking to continue to support early-stage tech startups in the region. The oversubscribed round — the [...]Kenya Zimbabwe Sign 7 Bilateral Agreements to Boost Investments
Kenya and Zimbabwe have signed seven bilateral agreements, seeking to boost investments between the two countries. During the talks held at State House in Nairobi, the two countries signed the [...]Uganda's Rocket Health Raises $5 Million in Series A Funding
Uganda’s Rocket Health, a telemedicine and last-mile healthcare startup, has raised $5 million in its Series A round of funding, bringing its total funding to $6.2 million. Investors who took [...]Google Unveils $1 Million Grant for Women Entrepreneurs
Google has announced a $1 million grant to support programs helping women entrepreneurs to grow their businesses. In addition to the funding announcement, Google has also announced #LookMeUp, a campaign [...]Bloomberg Expands International Presence With First Creative Hub to Serve Africa
Bloomberg Media has announced its expanding in Africa and the Middle East with the creation of a regional studio in Dubai, established by Bloomberg Media Studios, it's branded content division. [...]Moderna to set up its first African vaccine facility in Kenya worth $500 Million
American pharmaceutical and biotechnology company Moderna, Inc. has announced plans to build its first African mRNA jab-manufacturing facility in Kenya at a cost of $500 Million. The company said it [...]MTN Uganda Net Earnings Rises 5.8% to USh340.4 Billion(US$95.3 Million)in 2021
MTN Uganda Limited has posted a 5.8% rise in Profit After Tax(PAT) to USh 340.4 Billion($95.3 Million) according to its audited results for the financial year ended 31st December 2021. [...]Jubilee Holdings increases stake in SEACOM to 18.8%
Nairobi headquartered financial services holding company Jubilee Holdings has announced the acquisition of an additional 10% stake in undersea cable services provider SEACOM. The deal increases Jubilee Holdings’s shareholding in SEACOM [...]
