Kampala, Uganda | THE INDEPENDENT | Lango Cooperative Union leaders are in talks with Smaz-Group, a German investor to lease some of its land to boost investment in the region. The land measuring 1,165 hectares is located at Angayiki village, Chawente sub county in Kwania district. The land will be leased …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Energy and Mineral development Mary Goretti Kitutu has disclosed that the Final Investment Decision (FID) for oil production will be taken before the end of March 2021. Kitutu made the disclosure during an interface with the Parliamentary committee on Natural Resources on Wednesday …
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Kampala, Uganda | THE INDEPENDENT | Africa’s leading philanthropy, Tony Elumelu Foundation (TEF) has partnered with the European Union to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021. The partnership will disburse €20 million in the financial and extend technical support for women-owned businesses, across all …
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Kampala, Uganda | THE INDEPENDENT | General Salim Saleh, the National coordinator for Operation Wealth Creation has rallied support from the private sector to attract investment in Gulu to meet international market standards. Saleh told Uganda Radio Network on Saturday in an interview that Gulu city is best suited for an …
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Nairobi, Kenya | Xinhua | African governments should leverage capital, technology and manpower from industry to hasten realization of sustainability agenda and pandemic recovery in the continent, a senior UN official said on Thursday. Amina J. Mohammed, UN Deputy secretary-general, said that targeted investments from Africa’s indigenous businesses are required to …
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New York, US | Xinhua | The almost year-long COVID-19 pandemic is transforming the investment landscape, with multiple long-term trends picking up speed. And the world is set to become more digitalized, automated and sustainability-sensitive as life style and economy undergo profound changes, according to experts and investment advisors. DIGITALIZATION DEEPENS …
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Johannesburg, SA | XINHUA | Headquartered in Johannesburg, the African Energy Chamber (AEC) on Friday called for African governments to create a conducive environment and introduce tax concessions for the sector to contribute to economic growth. NJ Ayuk, AEC executive chairperson, made the remarks on Friday while speaking on …
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Kampala, Uganda | XINHUA | British Prime Minister Boris Johnson warned Monday of bumpy times ahead amid a looming recession in Britain, but insisted there would be no return to austerity in the country. In a broadcast interview on the Times Radio newly launched in London, Johnson said he was …
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Kampala, Uganda | Isaac Khisa | How can African countries boost cross-border financing solutions on the continent? This was the main issue discussed during the Pan-African e-conference hosted by the United Capital PLC, a Nigerian-based financial and investment Services Company, on Friday. Peter Ashade, the Group CEO at United Capital Plc. …
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Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) predicts a significant decline in both Foreign Direct Investment (FDI) and domestic direct investment (DDI), particularly in tourism, transport and construction sectors due to the economic crisis induced by the COVID-19 pandemic and shutdown. The value of planned FDI …
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