Uganda
A company responsible for supplying or managing digital number plates in Uganda is reportedly owned or backed by Russian interests, but it is officially registered under the names of Ugandan nationals.
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Business & Economy
Lesotho Declares State of Disaster Amid Uncertainty Over U.S. Tariffs
Business & Economy
Ken Thompson Appointed as New Leader of ADB Bank
Business & Economy
ECA Chief Urges Creation of Financial Tools Aligned with Africa’s Development Needs
Business & Economy
MTN Uganda appoints Sylvia Elsheikh as New Chief Marketing Officer
Business & Economy
Tiny Togo in the Shadow of Giants
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Tanzania
Kenyan officials have urged Tanzania to lift its recent ban on foreign nationals operating small businesses, warning that it could harm both countries' economies. Kenyan Trade Minister Lee Kinyanjui stressed the importance of bilateral talks to resolve the issue. Concerns have been raised about potential retaliatory measures, with some arguing that the move could hinder regional integration. Kenyans have also criticized Tanzania for implementing protectionist policies that affect foreign workers. Additionally, diplomatic tensions between the two nations have been ongoing, with past incidents, including the deportation of Kenyans and mistreatment of activists, further complicating relations.
Uganda
The Rising Woman Initiative, aimed at empowering women through entrepreneurship, financial literacy, and business development training, drew hundreds of participants in Lira. The event brought together aspiring and established women entrepreneurs, offering mentorship, skills-building sessions, and networking opportunities. The strong turnout reflects growing interest in women-led economic empowerment and the initiative’s expanding reach across Uganda.
Uganda
Traders operating in Kampala’s arcades are demanding that the Uganda Electricity Distribution Company Limited (UEDCL) halt its use of bulk metering systems. They argue that the practice is unfair, lacks transparency, and leads to inflated electricity bills. The traders are calling for individual metering to ensure accurate billing and greater accountability.
Uganda
The Uganda Revenue Authority (URA) is urging policymakers not to overburden or unfairly target taxpayers who are already compliant, emphasizing the need for a fair and balanced tax system that encourages continued voluntary compliance and supports economic growth.
Nigeria
The Africa Ecosystem Catalysts Facility is a new initiative designed to support and accelerate early-stage startups across the continent. By providing funding, mentorship, and resources, the facility aims to strengthen Africa’s entrepreneurial ecosystem and help young startups scale their innovations and impact.