How to close Africa’s climate finance gap
Without urgent reforms, African nations won’t raise the $2.8 trillion needed by 2030 to meet Paris Agreement emissions targets
Uganda Business News
IFAD and Stanbic Bank partner to halve remittance costs to Uganda
IFAD and Stanbic Bank are collaborating to enhance digital remittances in rural Uganda by integrating remittance service providers and payment hubs into Stanbic’s FlexiPay platform
Uganda Clays swings to first-half loss as equipment failures hit sales
Buildings material company Uganda Clays swung to a first-half loss in the first six months of the year as “frequent machinery breakdowns” dented production and resulted in lower sales
Sales slump impacts BATU’s first-half net profit
British American Tobacco Uganda said Friday that first half net profit fell 2.1 per cent from a year earlier, due to a decline in sales
Inflation eases to 18-month low
The consumer price index climbed 3.5 per cent compared to a year earlier, a slight step down from the 3.9 per cent annual growth registered in May and marking the tenth consecutive slowdown
African nations must maintain their US ties, even as Brics and China ties strengthen
The Brics alliance is seen as a possible counterbalance to US and the West’s dominance of global affairs. The US and China attract the most attention because of their strategic interests
Airtel plans to raise Shs800bn in IPO
Airtel Uganda Limited expects to raise as much as Shs800 billion ($215.2m) in an initial public offering, which would value the telecom at Shs4 trillion (nearly $1.1bn)
Bank of Baroda: Payment of final divided for financial year ended 31 December 2022
The dividend for the 2022 financial year will be paid by 30 September 2023
Ugandan startup lands milestone Korean investment as 26 graduate from YSAU incubator programme
YSAU startup Yunga Technologies sealed an investment deal with Korean venture capital company Ventureport
Beyond resources: China’s transition to investment-driven Hunan model reshapes Africa engagement
China’s Africa engagement shifts from resource extraction to prioritize agriculture, technology, and trade partnerships