Carrefour Takes Over 6 of Shoprite Uganda’s Stores

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Carrefour only had two stores before the takeover Shoprite, the previous owner of the space, has exited Uganda after 21...

Uganda Securities Exchange, MTN SCD Account Opening

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The Uganda Securities Exchange (USE) in partnership with MTN Mobile Money Uganda has launched a digital service to facilitate...

I&M records a 33pc rise in profit in first half of 2021

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Regional Financial Services Group, I&M Group PLC has announced an increase of 33 per cent after-tax profit for its...

Jubilee Holdings records Sh5.2bn in after tax profit

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). East Africa’s largest insurer, Jubilee Holdings Limited has announced a Profit Before Tax of Sh5.206 billion, representing an increase...

EAC milk levies threatens trade in the bloc

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The East African Community (EAC) is one of Africa’s oldest regional trade bloc’s on the continent and until now,...

Uganda: Making Money On Covid-19 Patients

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). If death could be bribed, the rich men would never die, this old African saying has come to life...

EA Tourism ministers approve plan for recovery

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). A plan seeking to revive tourism in East Africa has been approved, following the negative impact of the coronavirus...

How EABL remained profitable despite pandemic – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The last one year has been tough on the hospitality industry around the world, with no exemption to Africa...

How EAC intends to spend the US91.8mn Budget in FY21/22

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). The East African Community has tabled before the East African Legislative Assembly the budget estimates for the 2021/2022 Financial...

Fairtrade To Double Average Income For Farmers in Africa

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Fairtrade International has committed to double the average income of farmers and workers in Africa. Speaking during the ongoing 7th...

Plastic Waste Exports from Wealthy Countries Poisoning People In Africa: Study

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). A new report has found that toxic chemicals in plastic waste exports from wealthy countries are contaminating food in...

Google to Support African Startups in a new US$6mn funding Program

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Google has committed US$6 million to support African startups as well as underserved communities on the continent. In a...

What does it mean for the regional business community?

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). It is a new dawn for Uganda and the regional economies after the much-celebrated inauguration of H.E. Yoweri Kaguta Museveni for the...

Can excess output mean boost of economy?

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Ugandan politics are suffering from a very common ailment, a viral disease that plagues most all of Africa’s young...

Total buys out Tullow Oil for USD575 million

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Total Uganda has bought out the financial struggling Tullow Oil for a whopping USD575 million as the latter gears...

Uganda’s Export earnings drop – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s exports for the period ending September experienced an 8 per cent decline, according to the Central Bank of...

Uganda to host major tourists showpiece in 2020 – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020); a...

Uganda Development Bank unveils $500 million plan for lending – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Development Bank (UDB) unveiled a four-year strategic plan of $500 million to provide long-term financing to the private...

Uganda’s Umeme secures $70m loan for investment – The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s Umeme has secured a $70 million syndicated loan from the International Finance Corporation (IFC), Dutch Development Bank (FMO),...

Uganda’s Umeme secures $70m loan for investment

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda’s Umeme has secured a $70 million syndicated loan from the International Finance Corporation (IFC), Dutch Development Bank (FMO),...

Uganda Development Bank unveils $500 plan for lending

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Development Bank (UDB) unveiled a four-year strategic plan of $500 million to provide long-term financing to the private...

Uganda Tourism Board to host Pearl of Africa Tourism Expo 2020

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020), as...

Rwanda and Uganda lead East Africa in switch to electric cars

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Rwanda and Uganda are quite ahead of their East African neighbours in the global switch to electric cars, even...

Uganda to host major tourists showpiece in 2020- The Exchange

Photo Credit: Global Diaspora News (www.GlobalDiasporaNews.com). Uganda Tourism Board (UTB) is set to host the 5th annual Pearl of Africa Tourism Expo (POATE 2020); a...