Summary: The African Development Bank has approved plans to build a modern, eco-friendly headquarters in Abidjan. The facility will enhance staff well-being, productivity, and align with green growth goals. President Dr. Akinwumi Adesina called it a historic step, solidifying the Bank’s presence in CĂ´te d’Ivoire with strong government support. The …
Read More »Uganda Enhances Shea Butter Value with Time-Saving Tech
Summary: Ugandan farmers, like Ojok Okello, are benefiting from a new technology that streamlines shea butter production, improving efficiency, quality, and market potential. Developed by researchers, the process separates shea butter into multiple products, offering opportunities for both local and international markets. Despite its high cost, the technology promises to …
Read More »Uganda Sees 9.1% Growth in Exports as Middle East, EU Drive Demand
Summary: Uganda’s export earnings reached US$744.86 million in October 2024, a 9.1% increase from the previous month, driven by strong performance in mineral products, agriculture, and oil re-exports. The Middle East, especially the UAE, was the top destination. Uganda’s export earnings soared to US$744.86 million (about Shs2.7 trillion) in October …
Read More »AI Revolutionizes Cross-Border Payments in East Africa, But High Costs Persist
Summary: AI is rapidly transforming the financial sector in East Africa, particularly in improving cross-border payments by enhancing fraud detection, customer service, and transaction speed. However, high transaction costs remain a significant challenge, with some payments incurring fees up to 50%. Artificial Intelligence (AI) is rapidly transforming industries worldwide, and …
Read More »New Anti-Corruption App Launched for Busoga Miners
Summary: Miners in Busoga have been introduced to a new anti-corruption platform, a collaborative project between Uganda, Tanzania, the DRC, and Zambia. Developed by BASIS International, the app allows miners to share information and report corrupt practices. Local leaders encourage its use to prevent exploitation and resolve issues like bribery …
Read More »Multichoice Uganda Offers Free Premier League Access to DStv, GOtv Customers This Weekend
Summary: Multichoice Uganda is offering DStv Access and GOtv Plus customers free access to all Premier League matches this weekend, including the Manchester derby. Additionally, from now until January 6, subscribers can enjoy extra kids’ and movie channels. Multichoice will also visit local markets to assist customers with any issues …
Read More »Experts Call for Digitization of Village Savings and Loan Associations to Boost Financial Inclusion
Summary: Stakeholders are advocating for the digitization of Village Savings and Loan Associations (VSLAs) to boost financial inclusion in Uganda. At a conference, experts discussed how technology can enhance transparency, streamline operations, and expand access to financial services. Stakeholders are urging the digitization of Village Savings and Loan Associations (VSLAs) …
Read More »Uganda Breweries’ Threshers Boost Sorghum Productivity in Lango
Summary: Uganda Breweries has donated threshers to sorghum farmers in Lango, improving productivity, reducing post-harvest losses, and easing threshing. The initiative is part of the company’s broader support for local farmers through its “Farm for Success” program, enhancing efficiency and ensuring better market prices for sorghum. Sorghum farmers in the …
Read More »Uganda Strengthens Tax Compliance with Digital Tax Stamps Initiative
Summary: Uganda is using Digital Tax Stamps (DTS) to enhance tax compliance, reduce evasion, and ensure product authenticity. Introduced in 2019, the initiative aims to promote transparency and fair competition. The government emphasizes the importance of taxes in national development, with DTS playing a key role in sustainable economic growth. …
Read More »Electrify Africa Launches Electric Transportation Solutions in Uganda
Summary: Electrify Africa has launched electric transportation solutions in Uganda, aiming to transform the country’s mobility sector with sustainable, innovative solutions. The initiative is backed by Simba Innovative Limited and was unveiled in Kampala with support from local officials and industry groups. Electrify Africa, a leading energy and renewable company, …
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