TotalEnergies has finalized an agreement with Scatec, a Norwegian renewable energy company, to acquire 100% of its subsidiary SN Power, which focuses on renewable hydropower projects in Africa. This acquisition…
The Bugesera International Airport, located about 40 kilometres south of Kigali, is making significant strides in its construction, with ground-level facilities and infrastructure now reported to be 85% complete. Managed…
A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and…
Ugandan, Humble Lukanga’s remarkable journey from a small village in Masaka, Uganda, to becoming a prominent wealth manager in the United States exemplifies resilience and determination in the face of…
Jumia, Africa’s pioneering e-commerce platform, has experienced a remarkable resurgence in its stock price, surging 55% over the past five days. This rally has lifted the company’s market value to…
“Do you know Christine Namara?” Godfrey Mutabazi, the founder of Karaa, an e-mobility startup in Uganda, asked me around 2022. “No, I don’t. Why do you ask?” I replied. “She…
Ugandan startups have increasingly become attractive to VC firms across Africa. Outside the big four of Kenya, South Africa, Nigeria and Egypt, Uganda regularly hovers next to them competing with…
In a major coup, Uganda has been named the “Best Investment Destination in Africa” at the prestigious Annual Investment Meeting (AIM) held in Abu Dhabi, United Arab Emirates. This marks…
The EAVCA (East Africa Venture Capital Association) is the primary industry association for East Africa’s private equity and venture capital ecosystem. It was founded in 2013 to represent the private…
On a trip to any supermarket in Kampala, one will be met with aisles of snacks with the label Sumz. From crisps to chocolate cookies or roasted ground nuts, Sumz…
