The continent’s labor market participants in sub-Saharan Africa is expected to double from the current 600 million by 2050 and quadruple by 2100 COMMENT | BELINDA ARCHIBONG | As the gender gap in education shrinks all around the world, and especially in Africa, there is a growing question on how to …
Read More »Kenya loses key tea markets amid global recession, export volumes shrink
Nairobi, Kenya | Xinhua | The volume of Kenya’s tea exports shrunk by 18 percent in the first seven months of 2023 as compared to the same period in 2022 as some key markets kept off the products due to the tough economic environment globally, the Tea Board of Kenya (TBK) …
Read More »Insurtechs could transform microinsurance in Sub-Saharan Africa
Experts emphasize the importance of building trust and financial literacy to attract more customers Kampala, Uganda | ISAAC KHISA | More than two decades ago, micro-insurance in sub-Saharan Africa bore the weight of social responsibility, grappling with a modest customer base and low premiums that rendered claims both unstable and unpredictable. …
Read More »Govt appoints market administrators to resolve unending disputes among vendors
Kampala, Uganda | THE INDEPENDENT | Authorities in local governments have been granted the power to appoint administrators in markets as a solution to ongoing disputes between vendors and local governments. The Markets Act of 2023 empowers local governments to directly appoint administrators who will be responsible for managing the …
Read More »KAZO: Livestock markets reopen after four months’ closure over FMD
Kazo, Uganda | THE INDEPENDENT | The livestock markets of Bwatamara Buremba town council and Kazo Town Council in Kazo district have been reopened four months after its closure. In March 2023, the district registered a new case of foot and mouth disease, and immediately announced several measures to contain the …
Read More »Govt issues guidelines on management of city markets
Kampala, Uganda | THE INDEPENDENT | The Ministry for Kampala and Metropolitan Affairs has issued guidelines for the management of City markets. The markets were re-possessed by the government in 2020 following a presidential directive. Addressing the press on Tuesday at the Uganda Media Center, the Minister for Kampala, Hajjat …
Read More »ARUA: Museveni orders probe into market lockup allocation
Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has directed the State House Anti-Corruption Unit (SHACU) to investigate irregularities in the allocation of lockups and stalls at Arua central Market. While addressing a public rally at the West Nile golf ground in Arua City on Wednesday, Museveni said …
Read More »Can Africa reduce the impact of the US dollar on its emerging markets?
Kampala, Uganda | THE INDEPENDENT | Reducing reliance on the US dollar necessitates satisfying financing requirements in local currency and enhancing local financial institutions Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, is on currency markets. There are often strong views …
Read More »Absa Africa Financial Markets Index
Uganda moves to the fourth spot due to strong data reporting standards, new environmental, social and governance incentives Kampala, Uganda | THE INDEPENDENT | Uganda’s overall score in the Absa Africa Financial Markets Index increased by six points to 66 in 2022, moving the country up to fourth from sixth place …
Read More »CTI and IST assure market women of access to healthcare
Kampala, Uganda | THE INDEPENDENT | “Market Women” are the ubiquitous vendors who populate local markets throughout Uganda and sub-Saharan Africa. In many ways, they are the lifeblood of most African economies. In Uganda, the “informal sector” accounts for 75% of the total working population, and in many ways …
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