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…
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…
“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…
The newly appointed British High Commissioner to Uganda, Ms Lisa Chesney MBE is a highly trained counter- extremism expert, according to details sourced from her biography and curriculum vitae. Ms Chesney will take up her appointment in October 2024 in succession to Ms Kate Airey OBE who will be transferring to another Diplomatic Service appointment. Security and Defence has been a…
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…
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…
In October 2022, CEO East Africa broke the story of how one of Africa’s wealthiest families, the Oppenheimers, had acquired a majority 75% stake in Uganda’s third largest soft drinks…
Forbes Africa released its annual list of Africa’s billionaires with its 2024 class of 20 billionaires now worth $82.4bn. Collectively, these billionaires would be the 18th richest person in the…
Before retreating to Zambia, Cornwell Muleya was a soft spoken executive with grand ambitions for Uganda Airlines after his appointment as an Acting Chief Executive Officer in 2019. He wasn’t a newcomer in the aviation industry having demonstrated similar experience working with airlines elsewhere across the continent. He had survived Covid -19 which paralyzed air travel, but couldn’t survive the office…
Kariuki Ngari, an accomplished Kenyan career banker with over 30 years of experience has been promoted to the role of Chief Executive Officer of the Standard Chartered Bank Africa region. The role is an additional responsibility, and a highlight in his career as he continues his role as Managing Director of Standard Chartered Bank Kenya. The seasoned financial professional has…
