Coffee exports in August rose 8.41% month-on-month but fell 9.22% year-on-year, according to figures from the Uganda Coffee Development Authority. Their value however rose 11.19% month-on-month and declined by 7.66% year-on-year.
Stanbic’s platform is the second mobile banking product after MoKash, a partnership between MTN and Commercial Bank of Africa which launched in August. Kenya’s Equity Bank is also exploring the possibility of extending its Equitel service to Uganda.
The evidence is now in and the verdict is that Africa´s agriculture is powering economic transformation in the region. African agriculture – spurred on by public investment – has shown remarkable improvement compared to its precarious state 15 years ago.
Umeme is borrowing $50 million from the the International Finance Corporation and various banks to upgrade and expand its medium voltage transmission lines and substations, and to fund the installation of more prepaid meters across the country.
Between January and August, bookings transactions for people travelling to East Africa grew by 11.2% compared to the same period last year, according to ForwardKeys, a company that predicts future travel patterns by analysing flight reservation data.
Total expects to make a final investment decision on the Ngiri, Jobi Rii, Gunya fields in the onshore Exploration Area 1 as early as the end of next year, according to Arnaud Breuillac, the president of Exploration & Production at Total S.A.
Uganda is not very good at promoting itself, says Patrick Mweheire, Stanbic Bank Uganda’s chief executive. The country has very many unexplored economic opportunities, and is a key component in sub-Saharan Africa’s growth prospects; this however, barely features in our media, he said.
The latest ranking of the world’s top universities, released on Wednesday, places Makerere University in the 401-500 band of the 980 institutions ranked. Specifically, Makerere is in the 446th position in the Times Higher Education Rankings versus 407 in 2016.
Africa, which imports nearly 83% of the food it consumes, has a real chicken and egg problem. The continent is caught between pressure from imports in some countries and an inability to meet demand in others.
The Chinese firms constructing Karuma and Isimba hydropower plants are not buying steel from Ugandan manufacturers, according to Sikander Lalani, the chief executive officer of Uganda’s largest steel manufacturer, Roofings Group.