The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with…
London-based Standard Chartered Group is exploring the potential sale of its Wealth & Retail Banking (WRB) businesses in Botswana, Uganda and Zambia. The Group, in a published statement today said,…
South Africa’s MultiChoice Group, the parent company of DStv, has registered its worst financial performance in its history revealing a loss of ZAR 4.1 billion (USD 222 million) for the financial year that ended March 2024, after a loss of ZAR 2.9 billion (USD 157 million) in the previous financial year in March, 2023. The Group suffered a 9% decline in…
Celebrated top city law firm Shonubi, Musoke & Co. Advocates claimed a treble of accolades this month at the first ever in-person fourth edition International Financial Law Review- IFLR Africa Awards held at Protea Hotel in the City of Johannesburg, South Africa. IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and…
Jumia Technologies, a leading announced that it will close its food delivery business, Jumia Food in Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast because it is not profitable. In…
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced a $26.5 million commitment to AFEX, Africa’s leading commodities platform. AFEX currently operates over 200…
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