Business

The telecoms giant is betting on a naira-priced cloud to undercut AWS and Azure Abuja, Nigeria | AGENCIES | MTN Nigeria has launched what it claims is the country’s largest prefabricated modular data centre, marking a bold push into the country’s fast-growing cloud market and taking aim at global giants such …

COMMENT | Maya Majueran – XINHUA | A multi-polar international monetary system envisions a global financial architecture in which multiple currencies, rather than a single dominant one such as the U.S. dollar, are widely used for international trade, finance, and as reserve assets. This model fosters a multi-currency ecosystem, enabling …

The lender’s  shareholders approved a dividend payout of Kshs. 16 billion (approximately Shs 444.9 billion) for the year ending December 2024 Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings Plc is set to open a Representative Office in the United Arab Emirates (UAE), marking its first venture outside Africa and …

  COMMENT | MORRISON RWAKAKAMBA | Having campaigned under the banner of making the United States the “crypto capital” of the world, in his first week in office, he signed an executive order intended to support the growth of the United States crypto industry, signaling an intention to approach crypto …

Kampala, Uganda | THE INDEPENDENT | Vivo Energy Uganda has kicked off an exciting new campaign called “Ebyakabi Nze Abirina #SityaMbeera,” a powerful message of confidence and toughness for every motorcyclist in Uganda. This campaign shines a light on two top-notch Shell products: Shell Advance motorcycle engine oil and Shell …

Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants of Uganda (ICPAU) has officially announced a new Council that will govern the Institute for the next two years, from 2025 to 2027. The Council, established in accordance with Section 8 of the Accountants Act, is responsible for …

Kampala, Uganda | Patricia Akankwatsa |A groundbreaking study on the Rebuild programme, a collaborative effort by the International Rescue Committee (IRC) and the IKEA Foundation, has clearly demonstrated the transformative power of cash grants in empowering refugees and host communities in urban settings. The findings, presented at a recent gathering …

Kampala, Uganda | Patricia Akankwatsa | Britam Uganda officially launched its new life assurance business, Britam Life, marking a significant expansion of its services in the country. This was during Britam’s 60 th anniversary celebrations held on 09 July at the Kampala Serena hotel. The new unit will initially focus …

Gulu, Uganda | THE INDEPENDENT | Gulu City Council has over the past two weeks intensified efforts to enforce mandatory building plan approvals to curb illegal construction and promote orderly urban development. As Gulu City continues its rapid transformation from a post-conflict zone to a modern urban hub, city authorities …

  NAIROBI | Xinhua |  Kenya recorded tax revenues of 2.57 trillion shillings (19.9 billion U.S. dollars) for the financial year ending June 30, representing a 6.8 percent growth from the previous financial year, the revenue agency said Thursday. Humphrey Wattanga, commissioner general of the Kenya Revenue Authority (KRA), said …