The Western Union Company and MTN Group yesterday, 29 March 2012, announced the launch of a mobile money transfer service in Uganda, allowing MTN customers to send and receive money across borders using just their mobile phones for the first time.
29 Mar 2012 10:14
Airtel Uganda yesterday launched its mobile money platform named Airtel Money. The service provides consumers with convenient access to affordable and innovative financial services through their mobile phones.
1 Feb 2012 10:11
At an inauguration ceremony held last week, L'Oréal opened its new subsidiary in Kenya, which will be the hub for expanding the group's activities in East Africa, a region which also includes Uganda, Tanzania, Rwanda, Burundi and Ethiopia. The group's subsidiary in Nigeria opened in September.
12 Dec 2011 12:13
TransferTo and the MTN Group last week announced that the implementation of their International Airtime Transfer (IAT) partnership in MTN operating companies is well underway.
14 Nov 2011 12:15
NEW YORK, US: Global online consumer confidence fell for the seventh consecutive quarter as confidence in 31 of 56 global markets measured declined, according to from Nielsen, a leading global provider of insights and analytics into what consumers watch and buy.
9 Nov 2011 09:36
TransUnion, a global credit and information management organisation, has acquired majority shareholding in CRB Holdings Limited, signifying its bold expansion steps into Africa.
By Gregory Gondwe: @Kalipochi 28 Oct 2011 11:19
Pan-African consumers can now vote for their most admired and valued brands in the inaugural Brand Africa 100 Awards, which coincides with the second annual Brand Africa Forum. The continent's most valued brands will be revealed at an awards ceremony on Thursday, 29 September 2011 at Sandton Convention Centre, Johannesburg, South Africa .
15 Sep 2011 14:25
Stanbic Bank plans to increase its lending to Uganda's agriculture sector this year, adding to the US$25 million already made available by financial institutions, according to Ricardo Sengo, head agriculture development finance, Standard Bank Africa.
6 Jul 2011 11:30
CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011.
14 Jun 2011 12:00
Twenty years ago, when the government of Somalia collapsed, few imagined that the country's ongoing state of lawlessness would eventually spawn piracy on such a scale that the security of the western Indian Ocean region could be threatened.
By Wanjohi Kabukuru 14 Jun 2011 10:49
A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
By Herman Manson: @marklives 12 May 2011 18:55
Head of Bee Natural Uganda, Maria Odido, recently gained international recognition when she was awarded the 2010 Project Incubator Award for her innovative and sustainable project. Having set herself some important goals, Odido has had to experience success and then failure before firmly establishing herself as Uganda's honey queen.
12 Apr 2011 08:09
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011 11:00
It's two steps forward and one step back in the process of getting the business model right for cellphone banking.
By Larry Claasen 28 Dec 2010 11:01
The Banker, a global banking and finance industry journal, has named Standard Bank 2010's Best Bank in Africa and best bank in South Africa, Lesotho, Malawi, Uganda and Zimbabwe.
8 Dec 2010 09:28
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010 06:22
The fully tenanted Princess Crossing Mall, situated in Ondekkers Road, Roodepoort, has been sold for close to R300 million to a West African investor - via a private property fund based in the Western Cape.
20 Aug 2010 08:39
Game Stores has come a long way since it opened its first store in Durban in 1970 in cramped premises in the city's CBD, ringing up sales of R78 000 in its first month of trading. Its founders believed that shopping had become a tedious and boring pastime. They wanted to create a fun shopping environment and so conceptualised retailing as a game. The signature bright pink prevails to this day.
19 Jul 2010 08:43
KAMPALA: July 1 marked the moment when the East African Community common market protocol kicked into operation. But Ugandan women face several obstacles before they will benefit from the boost that the protocol gives to the free movement of goods, labour and capital.
By Evelyn Matsamura Kiapi 5 Jul 2010 07:15
Star QT, a South Africa-based clothing line and fashion label is set to be launched in Kampala this August to increase the popularity of the brand and its products in Uganda.
By Walter Wafula 30 Jun 2010 10:53
Uganda's wetlands - lying in Dokho, three kilometres from the Eastern Uganda town of Mbale have provided drainage and prevented flooding during rainy seasons for centuries. Communities living in these areas traditionally depended on food crops like cassava, millet, maize grain and bananas.
3 Jun 2010 07:35
Ugandan businesspeople have been urged to invest in mini-hydro power projects to encourage the establishment of cottage industries across the country.
By Walter Wafula 25 Sep 2009 10:09
Ugandan businesses are on the hunt for cheaper and advanced financing options at the stock market according to a fund manager at African Alliance in Kampala.
By Walter Wafula 13 Aug 2009 08:20
Uganda has launched a coffee roasting and packaging company, described as the first of its kind in Africa. President Yoweri Museveni launched the Good African Coffee factory on Friday, 17 July 2009.
20 Jul 2009 16:05
WASHINGTON: IFC, a member of the World Bank Group, announced today, 13 July 2009 it plans to provide a US$25 million loan to Umeme to help the Ugandan electricity distribution company improve the quality of its service and connect up to 20,000 new customers annually in a country where many people still lack electricity.
13 Jul 2009 11:19
KAMPALA: With the world economy in the grip of a credit crunch, traders and consumers in Uganda are struggling with price inflation and the depreciation of the country's currency, the Ugandan shilling, against the dollar. Especially importers have not been able to bring goods in which were ordered when prices were lower.
By Wambi Michael 2 Jul 2009 15:50
Uganda's leaders now have access to maps that will allow them to reduce poverty through better management of the country's wetlands. The map from Mapping a Better Future shows that highly impacted wetlands are spread widely across Uganda and are located in areas with both low and high poverty levels.
6 May 2009 12:24
Nakumatt Holdings a supermarket chain in Kenya plans to open its first outlet in Uganda in April, a move that is expected to result in reduced prices on some products amid stiff competition in the market.
By Walter Wafula 24 Mar 2009 10:33
Uganda's United Bank of Africa (UBA) has introduced an account that requires no deposit or maintenance fees.
By Walter Wafula 15 Dec 2008 07:06
Growing demand by Ugandans and international travellers is driving more airlines to Entebbe International Airport.
By Walter Wafula 17 Nov 2008 09:04
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