Bamburi Cement Offloads 70% Stake in its Uganda Business to Sarrai Group
Holcim has agreed to sell its Ugandan business, operated by its local subsidiary Hima Cement, to the Sarrai Group for US$120 million. 70 per cent of Hima Cement Limited is [...]
Kenya’s Benchmark Solutions Seals US$11.6M Deal for Ugandan Market
Kenyan-based structured trade and project financing advisory firm Benchmark Solutions Limited has signed a US$11.633 Million funding agreement with Uganda’s Mbarara Makhan Singh Market Landlords Association. The funds will be [...]
Uganda, DRC Anticipate More Trade After Abolishing Visa Requirements
Uganda becomes the third EAC Partner State to waive visa requirements for DRC citizens after Kenya and Tanzania.CEO Chat; Uganda Hits 24 Million Bank Accounts Uganda Bankers Association UBA
Uganda has increased the number of bank accounts to 24 million from 6 million bank accounts six years ago as it strives to improve financial inclusion. Speaking during the October [...]NCBA Group Plc to Issue a Fat KSh 471.8 Million Dividend Cheque to Shareholders
NCBA Group has declared an interim dividend of KSh 1.75 per share, or payment of a total of KSh 471.8 Million to its shareholders, making it the second listed lender [...]World Bank Halts Financing To Uganda Over Anti-Homosexuality Law
The World Bank has halted financing to Uganda following passing into law against Homosexuality. The lender said the law contradicts its values. “We believe our vision to eradicate poverty on [...]EABL Records a 21% fall in Net Profit to KSh 12 B as Taxes Bite Hard
East African Breweries Limited(EABL) posted a 21% decline in its net profit for the full year ended 30th June 2023 to KSh 12.32 billion. The listed brewer also cut is [...]Kenya Among ‘Big 4’ Private Capital Destinations in Africa KIFC Report
Kenya is listed among the Big 4 that also includes Egypt, Nigeria and South Africa-as the giants of Africa’s silicon savannah, continually attracting the lion’s share of both private capital [...]iProcure in Elaborate Plan to Accelerate its Expansion in Kenya East Africa
iProcure, a Kenyan-based agtech firm, has received a grant of US$ 1.2 million in addition to funding of US$ 9 million, Series B, that it intends to use to support [...]Zofi Cash Closes 1M USD – Pre-Seed Investment
Zofi Cash has successfully secured pre-seed funding of 1M USD from Advancly, a business-to-business financing company that aims to bridge the gap by reimagining access to credit for MSMEs in [...]
Uganda Maintains Key Interest Rate in a Bid to Ease Inflation
Uganda's central bank held its key lending rate at 10 per cent on Monday, saying it expected inflation would slow to hit its target by the end of the year [...]Uganda Central Bank Requests Investors to Transfer April bonds.
The Bank of Uganda (BoU) has invited investors holding Treasury bonds that mature in April to convert their holdings into longer-dated bonds with maturities ranging from May 2025 to August [...]
