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AfricaMoney | October 10, 2016

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Mauritius’ CIEL forays into Uganda with 90.1% stake in International Medical Group

July 16, 2015 | Mauritian conglomerate CIEL Ltd, through its wholly owned subsidiary CHL, has acquired a majority stake in the International Medical Group in Uganda, which represents CHL’s first major investment to enhance its footprint in the healthcare sector in Sub-Saharan Africa, together with positioning ...
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Mauritius ranked first in Africa and fifth globally in Economic Freedom report 2014

October 10, 2014 | The island nation is seen as Africa’s most economically free country offering the highest quality of life and personal freedom. (Image: Forbes) Mauritius has yet again emerged with top honours among African countries in the Economic Freedom of the World 2014 report of the Frase...
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Rwanda emerges as first choice for retail businesses in Sub-Saharan Africa

March 21, 2014 | The report predicted that by 2020, nearly half of all Africans will be living in cities, and, as disposable incomes rise, consumer spending will grow to almost $1 trillion. (Image: ARDI) The 2014 African Retail Development Index (ARDI) launched on Monday by global consulting majo...
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Mauritius ranked first in African Index on Economic Transformation

March 5, 2014 | However, the island, which is trying to position itself as an Information and Communications Technology (ICT) hub, could only manage the 14th rank in technology. (Image: ACET) The island economy was ranked first in the African Index on Economic Transformation and Depth compared...
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‘Don’t rush into EAC Monetary Union’ warns IMF chief

January 7, 2014 | East African countries signing the Monetary Union Protocol should learn from the experiences of other nations in order to avoid mistakes, noted Christine Lagarde. (Image: IMF) International Monetary Fund (IMF) Managing Director Christine Lagarde advised the Kenya Private Sector...
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Mauritius in top five global economies on Internet Affordability Index

December 11, 2013 | The top five emerging countries highlighted in the report are as follows: Malaysia, Mauritius, Brazil, Peru, and Colombia. (Image: BGR) ICT hub Mauritius has once again shown its dominance in the technology landscape of Africa, and indeed, globally, featuring among the top five e...
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COMESA to hold infrastructure summit, fast track projects

October 1, 2013 |

The Common Market for Eastern and Southern Africa (COMESA) is planning to hold an infrastructure summit where ministers and donor organisations will meet to raise funds to expedite development projects.

The conference, with the the...
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Transforming Uganda’s economy for more and better jobs

August 19, 2013 |

The Uganda Economic Update that was launched recently and projects a GDP growth rate of 6.5 percent in 2014. The Update attributes recov...
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China and Uganda to partner for hydropower dam

June 26, 2013 |

African Review reports that Uganda has appointed China’s Sinohydro Group Limited to build a US$1.65bn hydropower dam on the White Nile river.  The deal sees the East African country revive a project that had stagnated for several years due to a la...
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Ugandan government to address key areas in next budget

April 15, 2013 |

The Ugandan government has announced in its 2013-2014 budget that it will allocate most of its resources into production-oriented activities in an attempt to boost the economy.  In a paper presented by the minister of finance and economic planning, Maria Kiwanuka, du...
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$144m to boost road infrastructure in Uganda

March 19, 2013 |

The African Development Bank (AfDB) has okayed a loan worth $144 million to support Uganda’s road sector. The Tunis-based lender Board of Directors approved the facility last week. The AfDB said in a statement that “the road sector support project is financed by ...
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Abraaj Group announces investment in Uganda’s biggest pharmacy chain

February 2, 2013 |

The Abraaj Group, one of the world’s leading private equity investors in global growth markets has announced an investment in Vine Pharmaceuticals, the largest ph...
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Total poised to keep Ugandan oil license

January 21, 2013 |

January 21, 2013 - France’s Total SA is poised to keep a major oil license in northern Uganda’s Lake Albertine Rift Basin, it was revealed on last week, following another oil discovery there late last month. Read More

KCCA to launch US$20 billion project for constructing affordable housing units

January 18, 2013 |

January 18, 2013 - The Kampala Capital City Authority (KCCA) has unveiled a plan to construct about 800,000 affordable housing units for low income earners in the city at a cost of US$20bn. Read More

KFC to open outlets In Tanzania, Uganda, Zimbabwe

January 17, 2013 | January 17, 2013- The KFC brand is to expand further across Africa, as it is announced new restaurants will be opened in Tanzania, Uganda and Zimbabwe during the course of 2013. Owners of the brand, Yum! Restaurants International, revealed the expansion plan on Monday which will see the company push...
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Uganda: Economy Shows Recovery Signs

January 4, 2013 | Although inflation has risen for the second consecutive month, Bank of Uganda has kept its key monetary rate, the Central Bank Rate, at 12%, in yet another indication that boosting private sector credit to stimulate economic growth remains a key priority for the Bank. In keeping the CBR at 12%, the ...
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Uganda Trade Mission to India

November 29, 2012 | Minister Amelia Kyambadde Trade, Industry and Cooperatives minister Amelia Kyambadde has urged Ugandan traders to be prudent in their finances in order to compete favourably. Kyambadde made the remarks while flagging off 40 traders sponsored by Barclays bank on a trade relations tour of India. "...
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Samsung Strengthens Base in Uganda

November 27, 2012 | Samsung, a global company dealing in semiconductor, telecommunication, digital media and digital convergence technologies is conducting Samsung week which aims to increase local knowledge and awareness about the company. The week that started on Nov. 25 in Kampala and ends on Dec. 1 will see the com...
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