Economy
Economy
Economy
Economy
Economy
Economy
Economy
Economy
Reducing Poverty and Inequality in Africa
Economy
Economy
Economy
Economy
Economy
Economy
Economy
MTN Uganda has announced a 51.5% increase in its interim dividend, reflecting strong financial performance and confidence in continued growth. This significant boost rewards shareholders and underscores the company’s commitment to delivering value amid a competitive telecommunications market.
Egypt’s Foreign Minister, Badr Abdelatty, met with Uganda’s President Museveni to discuss Nile water security, bilateral ties, and regional security. He proposed a joint business council and highlighted Egypt’s commitment to supporting development in the southern Nile Basin. Abdelatty also met with Uganda’s Foreign Minister to discuss economic cooperation and delivered agricultural equipment to a Ugandan NGO.
Nigerian companies are experiencing a remarkable increase in operating cash flows, reaching unprecedented levels that signal strong financial health and operational efficiency. This surge reflects improved revenue generation, better cost management, and effective cash conversion strategies across various sectors. The positive cash flow trend provides businesses with greater liquidity to invest in growth opportunities, manage debts, and enhance shareholder value. Analysts view this development as a key indicator of Nigeria’s economic resilience and the growing strength of its corporate sector amidst challenging global conditions.
MTN has announced a strategic move to split its Momo (Mobile Money) service, a decision aimed at accelerating the growth of its fintech operations. This restructuring is designed to unlock new opportunities for innovation and expansion within the fintech space, positioning MTN to better serve the growing demand for digital financial services across its markets. By dividing Momo, MTN intends to streamline its operations, enhance user experience, and drive further progress in the rapidly evolving fintech landscape
The Energy and Petroleum Regulatory Authority (EPRA) has announced the latest fuel price adjustments for the July 15 to August 14, 2025 period. The new rates reflect increases in the cost of Super Petrol, Diesel, and Kerosene, driven by rising global crude oil prices and higher importation costs. The announcement affects retail fuel prices across the country, with motorists and households expected to feel the impact in transport, energy, and commodity costs.
Tanzania has pledged to grant its landlocked neighbouring countries easier and more reliable access to its seaports, a move aimed at boosting regional trade, strengthening economic ties, and improving transport links across East and Central Africa.
