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Tag Archives: Business

Cameroon startup launches drones for global market

Douala, Cameroon | AFP | Talking fast and dreaming big, William Elong shows off the first “made in Cameroon” drone at his sixth-floor workshop in downtown Douala, minutes from the economic capital’s Atlantic seafront. The 25-year-old, known as a high-flyer after being named one of Forbes’ most promising young Africans …

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Kenya plans to repeal rate cap law

Kampala, Uganda | THE INDEPENDENT | Kenya’s Treasury Secretary, Henry Rotich, has indicated plans to repeal the rate cap law as part of the contentious reforms demanded by the International Monetary Fund to extend a frozen Kshs 153bn emergency standby facility that expires this month. The facility, which is designed …

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Ecobank gets US$200million boost

Kampala, Uganda | THE INDEPENDENT | Ugandan Small and medium enterprises banking with the Togo-based Ecobank Transnational Incorporated (ETI), have a chance to borrow part of $200 million, FMO, the Dutch development bank, has made available for SME growth across the continent. Ecobank Group CEO, Ade Ayeyemi, said new transaction …

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Fish maw wars

Ugandan traders battle Chinese, Indians, over lucrative business Kampala, Uganda | ANDREW S. KAGGWA | A row has developed between the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) and fish exporters on one side and fish traders on the other over the sale of fish maws. Siraje Walusimbi, an executive …

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