Uganda

The International Association of Deposit Insurers (IADI) has commended Nigeria Deposit Insurance Corporation (NDIC) over its establishment of the African Center for Deposit Insurance (ACDI). IADI Secretary-General, Mr. David Walker, gave…

The African Development Bank (AfDB) and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the East African Crude Oil Pipeline Technical…

New research by a Non-Governmental Organisation, Voluntary Service Overseas (VSO) has shown that Nigerians are facing huge financial challenges resulting from the coronavirus pandemic and lockdown measures, making the country the…

Despite complications brought on by the Covid-19 pandemic, Standard Bank has provided funding worth $3 million as well as ongoing support through financial literacy and other programmes to support women that are into farming in…

BY FESTUS ADEDAYO Forget the glittering multi-billion naira-worth plazas of Abuja, the shimmering skyscrapers on the streets of Lagos and the aesthetic blackness of Port Harcourt highway asphalt, Nigerians are hungry, very hungry. If…

Kenya and Uganda were hit by a power blackout on Saturday, and Kenya Power said the outage on Kenya’s grid was caused by a fault on a high voltage line. The neighbouring countries’ grids are interconnected. In January 2018, both suffered…

The European Commission is considering creating a new authority to police financial crime and monitor banks more strictly, it said on Thursday, confirming a Reuters report. In an action plan sent to the EU’s 27 governments, the…

Uganda and Rwanda have taken delivery of two mobile diagnostic labs to help fight the coronavirus pandemic, the first in a network of German-funded units for East Africa, public investment bank KfW said Thursday. While the project to…

The number of coronavirus cases in Africa rose to 6,470 on Thursday, the Africa Centre for Disease Control (CDC) has reported. The figure rose from the 5,940 cases reported on April 1 in 49 African countries where coronavirus cases have…

SAFCOIN, an exclusive African cryptocurrency, is now available in Nigeria and Uganda, allowing the unbanked to participate in the digital economy, helping small businesses to establish an e-commerce presence with no start-up costs, and…